Intech Investment Management LLC Acquires 8,090 Shares of Regency Centers Corporation $REG

Intech Investment Management LLC increased its holdings in shares of Regency Centers Corporation (NASDAQ:REG) by 62.2% in the third quarter, Holdings Channel.com reports. The firm owned 21,097 shares of the company’s stock after purchasing an additional 8,090 shares during the quarter. Intech Investment Management LLC’s holdings in Regency Centers were worth $1,538,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Regency Centers in the second quarter valued at approximately $1,219,335,000. Massachusetts Financial Services Co. MA bought a new stake in Regency Centers in the 3rd quarter valued at $107,144,000. Amundi lifted its position in Regency Centers by 91.4% in the 2nd quarter. Amundi now owns 1,530,276 shares of the company’s stock valued at $108,344,000 after acquiring an additional 730,730 shares in the last quarter. State Street Corp boosted its stake in Regency Centers by 2.2% in the 2nd quarter. State Street Corp now owns 12,035,961 shares of the company’s stock worth $865,625,000 after purchasing an additional 262,551 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in Regency Centers by 80.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 581,710 shares of the company’s stock worth $41,403,000 after purchasing an additional 259,898 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Chairman Martin E. Stein, Jr. sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $76.30, for a total value of $763,000.00. Following the completion of the sale, the chairman directly owned 272,133 shares in the company, 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 is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. 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. UBS Group set a $76.00 target price on Regency Centers in a research note on Wednesday, January 14th. Royal Bank Of Canada raised Regency Centers to a “sector perform” rating in a research report on Friday, January 9th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $76.00 price objective (down from $81.00) on shares of Regency Centers in a report on Thursday, December 18th. Finally, Robert W. Baird set a $84.00 target price on shares of Regency Centers in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.50.

Regency Centers Price Performance

NASDAQ:REG opened at $79.31 on Friday. The stock has a market capitalization of $14.51 billion, a PE ratio of 28.33, a P/E/G ratio of 3.42 and a beta of 0.91. Regency Centers Corporation has a 1-year low of $63.44 and a 1-year high of $79.89. The firm has a fifty day simple moving average of $73.38 and a 200 day simple moving average of $71.64. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.68.

Regency Centers Dividend Announcement

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

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.