Centersquare Investment Management LLC Grows Stock Holdings in Regency Centers Corporation $REG

Centersquare Investment Management LLC increased its stake in Regency Centers Corporation (NASDAQ:REG) by 5.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 351,963 shares of the company’s stock after purchasing an additional 18,997 shares during the quarter. Centersquare Investment Management LLC owned 0.19% of Regency Centers worth $25,658,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in REG. Wolverine Asset Management LLC bought a new stake in shares of Regency Centers during the 3rd quarter valued at $1,083,000. Inspire Investing LLC lifted its position in Regency Centers by 441.4% during the third quarter. Inspire Investing LLC now owns 21,736 shares of the company’s stock valued at $1,585,000 after purchasing an additional 17,721 shares in the last quarter. Pacific Heights Asset Management LLC grew its holdings in Regency Centers by 50.0% during the third quarter. Pacific Heights Asset Management LLC now owns 225,000 shares of the company’s stock valued at $16,402,000 after purchasing an additional 75,000 shares during the period. Rakuten Investment Management Inc. purchased a new stake in Regency Centers in the third quarter worth about $1,031,000. Finally, Geode Capital Management LLC raised its stake in shares of Regency Centers by 1.4% in the second quarter. Geode Capital Management LLC now owns 4,786,646 shares of the company’s stock worth $339,669,000 after buying an additional 65,719 shares during the period. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

REG has been the subject of a number of recent research reports. Weiss Ratings upgraded Regency Centers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 17th. Scotiabank lowered their price target on shares of Regency Centers from $78.00 to $76.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 14th. UBS Group set a $76.00 price objective on shares of Regency Centers in a research note on Wednesday, January 14th. Jefferies Financial Group set a $79.00 price objective on shares of Regency Centers in a research report on Monday, December 15th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $76.00 target price (down from $81.00) on shares of Regency Centers in a report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, Regency Centers has an average rating of “Moderate Buy” and a consensus target price of $78.79.

Insider Activity at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 10,000 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $76.30, for a total value of $763,000.00. Following the sale, the chairman directly owned 272,133 shares in the company, valued at approximately $20,763,747.90. The trade was a 3.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Regency Centers Price Performance

REG stock opened at $77.93 on Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.05 and a current ratio of 1.05. The company’s fifty day moving average price is $72.14 and its 200-day moving average price is $71.32. Regency Centers Corporation has a one year low of $63.44 and a one year high of $78.25. The company has a market capitalization of $14.25 billion, a PE ratio of 27.83, a price-to-earnings-growth ratio of 3.32 and a beta of 0.94.

Regency Centers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be issued a $0.755 dividend. This represents a $3.02 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Wednesday, March 11th. Regency Centers’s payout ratio is 107.86%.

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.