QRG Capital Management Inc. Cuts Holdings in Regency Centers Corporation $REG

QRG Capital Management Inc. lowered its stake in shares of Regency Centers Corporation (NASDAQ:REG) by 19.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,917 shares of the company’s stock after selling 7,007 shares during the quarter. QRG Capital Management Inc.’s holdings in Regency Centers were worth $2,188,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Havemeyer Place LP bought a new position in Regency Centers in the fourth quarter valued at $26,000. Brown Brothers Harriman & Co. raised its position in Regency Centers by 63.1% during the third quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock valued at $30,000 after purchasing an additional 157 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in Regency Centers during the second quarter worth about $31,000. Hantz Financial Services Inc. lifted its stake in Regency Centers by 388.9% during the fourth quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock worth $30,000 after purchasing an additional 350 shares during the last quarter. Finally, MUFG Securities EMEA plc purchased a new position in shares of Regency Centers in the 2nd quarter worth about $34,000. 96.07% of the stock is owned by institutional investors.

Regency Centers Trading Up 2.4%

Regency Centers stock traded up $1.88 during trading hours on Tuesday, reaching $81.72. The company had a trading volume of 86,295 shares, compared to its average volume of 1,431,921. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.14 and a quick ratio of 2.14. Regency Centers Corporation has a 12-month low of $66.86 and a 12-month high of $81.93. The company has a 50-day moving average price of $78.58 and a 200 day moving average price of $75.97. The firm has a market cap of $14.96 billion, a price-to-earnings ratio of 28.19, a P/E/G ratio of 3.43 and a beta of 0.80.

Regency Centers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were paid a $0.755 dividend. This represents a $3.02 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, June 12th. Regency Centers’s payout ratio is presently 104.14%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on REG shares. UBS Group increased their price objective on Regency Centers from $75.00 to $81.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. Morgan Stanley boosted their target price on Regency Centers from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Jefferies Financial Group raised Regency Centers to a “strong-buy” rating in a research note on Friday, June 26th. Raymond James Financial reiterated an “outperform” rating and set a $88.00 price target on shares of Regency Centers in a research report on Monday, June 29th. Finally, Wells Fargo & Company lifted their price target on shares of Regency Centers from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $82.62.

Insider Activity at Regency Centers

In other Regency Centers news, insider Terah L. Devereaux sold 1,240 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $80.14, for a total value of $99,373.60. Following the sale, the insider owned 17,990 shares of the company’s stock, valued at $1,441,718.60. This trade represents a 6.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Martin E. Stein, Jr. sold 274,615 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $78.40, for a total transaction of $21,529,816.00. The disclosure for this sale is available in the SEC filing. Insiders sold 283,782 shares of company stock worth $22,255,898 in the last three months. 1.00% of the stock is owned by insiders.

Regency Centers Company Profile

Regency Centers Corporation is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of grocery-anchored shopping centers. Focused on everyday needs retail, the company’s portfolio is strategically concentrated in high-growth, densely populated markets across the United States. By aligning its properties with essential retailers, Regency Centers delivers stable income streams and drives sustained value for shareholders.

Founded in 1963 and headquartered in Jacksonville, Florida, Regency Centers began as a single shopping center developer before evolving into one of the largest owners of grocery-center real estate.