Regency Centers Corporation $REG Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its holdings in Regency Centers Corporation (NASDAQ:REG) by 51.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 40,709 shares of the company’s stock after selling 42,442 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Regency Centers were worth $2,810,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Arbejdsmarkedets Tillaegspension acquired a new stake in Regency Centers in the fourth quarter valued at $23,684,000. Baader Bank Aktiengesellschaft acquired a new stake in Regency Centers in the fourth quarter valued at $497,000. Pacer Advisors Inc. lifted its holdings in Regency Centers by 112.5% in the fourth quarter. Pacer Advisors Inc. now owns 27,697 shares of the company’s stock valued at $1,912,000 after acquiring an additional 14,665 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in Regency Centers by 1.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 18,813 shares of the company’s stock valued at $1,299,000 after acquiring an additional 200 shares during the period. Finally, NewEdge Wealth LLC acquired a new stake in Regency Centers in the fourth quarter valued at $202,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Regency Centers Stock Performance

Regency Centers stock opened at $78.84 on Monday. The stock has a 50-day moving average price of $77.64 and a 200 day moving average price of $73.94. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.72. Regency Centers Corporation has a 52 week low of $66.86 and a 52 week high of $81.66. The stock has a market cap of $14.44 billion, a PE ratio of 27.19, a P/E/G ratio of 3.35 and a beta of 0.82.

Regency Centers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be paid a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Friday, June 12th. Regency Centers’s dividend payout ratio (DPR) is presently 104.14%.

Insider Transactions at Regency Centers

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 274,615 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $78.40, for a total value of $21,529,816.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $79.06, for a total value of $626,708.62. Following the completion of the sale, the insider directly owned 33,069 shares in the company, valued at approximately $2,614,435.14. The trade was a 19.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 450,032 shares of company stock worth $35,233,456. 1.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Morgan Stanley raised their price target on Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Weiss Ratings upgraded Regency Centers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 17th. Truist Financial raised their price target on Regency Centers from $77.00 to $84.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Scotiabank raised their price target on Regency Centers from $76.00 to $82.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 24th. Finally, Barclays raised their price target on Regency Centers from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $81.71.

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.