Azzad Asset Management Inc. ADV Has $3.70 Million Stake in Regency Centers Corporation $REG

Azzad Asset Management Inc. ADV increased its stake in shares of Regency Centers Corporation (NASDAQ:REG) by 68.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,562 shares of the company’s stock after acquiring an additional 21,799 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Regency Centers were worth $3,697,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. State Street Corp raised its holdings in shares of Regency Centers by 3.1% during the third quarter. State Street Corp now owns 12,403,992 shares of the company’s stock worth $912,739,000 after acquiring an additional 368,031 shares during the period. Boston Partners raised its holdings in shares of Regency Centers by 2.1% during the third quarter. Boston Partners now owns 3,540,137 shares of the company’s stock worth $258,062,000 after acquiring an additional 72,584 shares during the period. Amundi raised its holdings in shares of Regency Centers by 91.4% during the second quarter. Amundi now owns 1,530,276 shares of the company’s stock worth $108,344,000 after acquiring an additional 730,730 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in shares of Regency Centers during the third quarter worth $107,144,000. Finally, UBS Group AG raised its holdings in shares of Regency Centers by 78.8% during the third quarter. UBS Group AG now owns 1,337,215 shares of the company’s stock worth $97,483,000 after acquiring an additional 589,327 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

REG has been the topic of a number of research analyst reports. JPMorgan Chase & Co. restated a “neutral” rating and set a $76.00 price objective (down from $81.00) on shares of Regency Centers in a report on Thursday, December 18th. Weiss Ratings upgraded shares of Regency Centers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. Robert W. Baird set a $84.00 price target on shares of Regency Centers in a research note on Tuesday, February 10th. Wells Fargo & Company boosted their price target on shares of Regency Centers from $82.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, March 19th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Regency Centers from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research report on Tuesday, January 20th. One 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.14.

Insider Buying and Selling

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 38,000 shares of the business’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $77.21, for a total transaction of $2,933,980.00. Following the sale, the chairman directly owned 157,892 shares of the company’s stock, valued at $12,190,841.32. The trade was a 19.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last quarter, insiders have sold 177,490 shares of company stock worth $13,839,932. Insiders own 1.00% of the company’s stock.

Regency Centers Trading Down 0.5%

Shares of NASDAQ:REG opened at $76.63 on Tuesday. The company’s 50-day moving average price is $76.12 and its two-hundred day moving average price is $72.32. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.05 and a quick ratio of 1.05. Regency Centers Corporation has a one year low of $63.44 and a one year high of $79.89. The stock has a market capitalization of $14.03 billion, a PE ratio of 27.37, a price-to-earnings-growth ratio of 3.31 and a beta of 0.90.

Regency Centers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th were given a dividend of $0.755 per share. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $3.02 annualized dividend and a yield of 3.9%. Regency Centers’s payout ratio is 107.86%.

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.