Regency Centers Corporation $REG Shares Acquired by Pacific Heights Asset Management LLC

Pacific Heights Asset Management LLC increased its stake in Regency Centers Corporation (NASDAQ:REG) by 22.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 275,000 shares of the company’s stock after purchasing an additional 50,000 shares during the quarter. Pacific Heights Asset Management LLC’s holdings in Regency Centers were worth $18,983,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Brown Brothers Harriman & Co. grew its stake in shares of Regency Centers by 63.1% in the third quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock valued at $30,000 after buying an additional 157 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of Regency Centers in the second quarter valued at about $31,000. MUFG Securities EMEA plc acquired a new stake in shares of Regency Centers in the second quarter valued at about $34,000. EverSource Wealth Advisors LLC boosted its holdings in Regency Centers by 233.3% in the second quarter. EverSource Wealth Advisors LLC now owns 570 shares of the company’s stock valued at $41,000 after purchasing an additional 399 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new position in Regency Centers in the third quarter valued at about $48,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Regency Centers Stock Performance

NASDAQ:REG opened at $76.06 on Monday. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.72. The business’s 50 day moving average is $77.69 and its two-hundred day moving average is $73.65. Regency Centers Corporation has a 52 week low of $66.86 and a 52 week high of $81.66. The company has a market cap of $13.93 billion, a PE ratio of 26.23, a P/E/G ratio of 3.23 and a beta of 0.82.

Regency Centers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be issued a dividend of $0.755 per share. This represents a $3.02 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, June 12th. Regency Centers’s dividend payout ratio (DPR) is currently 104.14%.

Insider Buying and Selling

In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $79.06, for a total transaction of $626,708.62. Following the transaction, the insider owned 33,069 shares of the company’s stock, valued at $2,614,435.14. This trade represents a 19.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Martin E. Stein, Jr. sold 274,615 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $78.40, for a total value of $21,529,816.00. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 460,032 shares of company stock worth $35,996,456. 1.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on REG shares. Morgan Stanley increased their price target on Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Barclays increased their price target on Regency Centers from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft raised Regency Centers from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a report on Tuesday, January 20th. Wells Fargo & Company increased their price target on Regency Centers from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, March 19th. Finally, Scotiabank increased their price target on Regency Centers from $76.00 to $82.00 and gave the company a “sector perform” rating in a report on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $81.36.

Regency Centers 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.