Regency Centers Corporation $REG Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its holdings in Regency Centers Corporation (NASDAQ:REG) by 0.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,322,866 shares of the company’s stock after selling 10,955 shares during the quarter. Bank of New York Mellon Corp owned 0.72% of Regency Centers worth $100,088,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Havemeyer Place LP acquired a new position in shares of Regency Centers in the 4th quarter valued at about $26,000. Hantz Financial Services Inc. grew its holdings in Regency Centers by 388.9% during the fourth quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock worth $30,000 after acquiring an additional 350 shares during the period. Brown Brothers Harriman & Co. raised its position in Regency Centers by 63.1% during the third quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock valued at $30,000 after acquiring an additional 157 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in Regency Centers during the second quarter valued at approximately $31,000. Finally, MUFG Securities EMEA plc acquired a new position in Regency Centers in the second quarter valued at approximately $34,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

REG has been the topic of several analyst reports. Jefferies Financial Group upgraded shares of Regency Centers to a “strong-buy” rating in a research report on Friday, June 26th. Barclays increased their target price on shares of Regency Centers from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft cut Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 target price on the stock. in a research report on Friday, May 29th. Citigroup upped their price target on Regency Centers from $76.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Finally, Evercore set a $81.00 price target on Regency Centers in a report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $82.94.

Regency Centers Stock Performance

REG opened at $82.14 on Tuesday. 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 company has a market cap of $15.04 billion, a price-to-earnings ratio of 28.32, a PEG ratio of 3.50 and a beta of 0.80. Regency Centers Corporation has a 52-week low of $66.86 and a 52-week high of $83.66. The firm’s fifty day simple moving average is $78.94 and its two-hundred day simple moving average is $76.79.

Regency Centers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were paid a $0.755 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $3.02 dividend on an annualized basis and a yield of 3.7%. Regency Centers’s dividend payout ratio (DPR) is currently 104.14%.

Insiders Place Their Bets

In other news, Chairman Martin E. Stein, Jr. sold 274,615 shares of Regency Centers 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Terah L. Devereaux sold 1,240 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $80.14, for a total value of $99,373.60. Following the completion of the transaction, the insider directly owned 17,990 shares of the company’s stock, valued at approximately $1,441,718.60. This represents a 6.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 283,782 shares of company stock worth $22,255,898. Corporate insiders own 1.00% of the company’s stock.

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.