Regency Centers Corporation $REG Shares Sold by Citigroup Inc.

Citigroup Inc. trimmed its position in Regency Centers Corporation (NASDAQ:REG) by 21.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 306,565 shares of the company’s stock after selling 85,231 shares during the quarter. Citigroup Inc. owned approximately 0.17% of Regency Centers worth $22,349,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in REG. CYBER HORNET ETFs LLC acquired a new position in Regency Centers in the second quarter worth $31,000. Steigerwald Gordon & Koch Inc. bought a new position in shares of Regency Centers in the 3rd quarter worth about $33,000. MUFG Securities EMEA plc acquired a new position in shares of Regency Centers in the 2nd quarter valued at about $34,000. Financial Consulate Inc. bought a new stake in shares of Regency Centers during the 3rd quarter valued at about $38,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Regency Centers by 233.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 570 shares of the company’s stock valued at $41,000 after buying an additional 399 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 10,000 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $76.30, for a total transaction of $763,000.00. Following the completion of the transaction, the chairman directly owned 272,133 shares of the company’s stock, valued at approximately $20,763,747.90. This trade represents a 3.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is owned by company insiders.

Regency Centers Stock Performance

Shares of REG opened at $78.42 on Friday. The firm has a market capitalization of $14.34 billion, a PE ratio of 28.01, a P/E/G ratio of 3.36 and a beta of 0.94. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.68. The firm has a 50-day moving average price of $72.35 and a 200 day moving average price of $71.37. Regency Centers Corporation has a 52-week low of $63.44 and a 52-week high of $78.69.

Regency Centers Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on REG. Scotiabank cut their target price 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. Citigroup boosted their price objective on Regency Centers from $75.00 to $76.00 and gave the company a “neutral” rating in a research report on Tuesday, February 10th. Jefferies Financial Group set a $79.00 target price on Regency Centers in a research report on Monday, December 15th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $76.00 price target (down from $81.00) on shares of Regency Centers in a report on Thursday, December 18th. Finally, Royal Bank Of Canada raised shares of Regency Centers to a “sector perform” rating in a report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $78.79.

About Regency Centers

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.