Mitsubishi UFJ Asset Management Co. Ltd. Grows Stake in Regency Centers Corporation $REG

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Regency Centers Corporation (NASDAQ:REG) by 4.5% in the 3rd quarter, Holdings Channel reports. The firm owned 452,312 shares of the company’s stock after purchasing an additional 19,559 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Regency Centers were worth $32,974,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Wolverine Asset Management LLC acquired a new position in Regency Centers during the third quarter worth about $1,083,000. Inspire Investing LLC lifted its stake in Regency Centers by 441.4% in the 3rd quarter. Inspire Investing LLC now owns 21,736 shares of the company’s stock worth $1,585,000 after purchasing an additional 17,721 shares in the last quarter. Pacific Heights Asset Management LLC boosted its holdings in shares of Regency Centers by 50.0% during the 3rd quarter. Pacific Heights Asset Management LLC now owns 225,000 shares of the company’s stock worth $16,402,000 after purchasing an additional 75,000 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Regency Centers by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 4,786,646 shares of the company’s stock worth $339,669,000 after purchasing an additional 65,719 shares during the last quarter. Finally, Rakuten Investment Management Inc. purchased a new stake in shares of Regency Centers in the third quarter valued at approximately $1,031,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Regency Centers Price Performance

NASDAQ:REG opened at $79.00 on Monday. Regency Centers Corporation has a 52 week low of $63.44 and a 52 week high of $79.08. The stock’s fifty day moving average is $72.56 and its two-hundred day moving average is $71.41. The company has a market capitalization of $14.45 billion, a P/E ratio of 28.21, a P/E/G ratio of 3.40 and a beta of 0.91. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.68.

Regency Centers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be issued a $0.755 dividend. This represents a $3.02 annualized dividend and a yield of 3.8%. The ex-dividend date is Wednesday, March 11th. Regency Centers’s payout ratio is 107.86%.

Insider Buying and Selling

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 10,000 shares of the stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $76.30, for a total transaction of $763,000.00. Following the completion of the transaction, the chairman owned 272,133 shares of the company’s stock, valued at $20,763,747.90. This trade represents a 3.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on REG. Scotiabank reduced their price objective on Regency Centers from $78.00 to $76.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 14th. Robert W. Baird set a $84.00 target price on Regency Centers in a research note on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft upgraded Regency Centers from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a report on Tuesday, January 20th. Barclays raised shares of Regency Centers from an “equal weight” rating to an “overweight” rating and dropped their price objective for the company from $83.00 to $82.00 in a report on Tuesday, November 18th. Finally, Mizuho restated a “neutral” rating and set a $74.00 price objective (down from $77.00) on shares of Regency Centers in a research report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $78.79.

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.