First American Trust FSB Purchases New Shares in Regency Centers Corporation $REG

First American Trust FSB purchased a new stake in shares of Regency Centers Corporation (NASDAQ:REG) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 57,746 shares of the company’s stock, valued at approximately $3,986,000.

Other hedge funds have also recently modified their holdings of the company. Havemeyer Place LP purchased a new stake in shares of Regency Centers in the fourth quarter worth approximately $26,000. Brown Brothers Harriman & Co. raised its holdings in shares of Regency Centers by 63.1% in the third quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock worth $30,000 after buying an additional 157 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in shares of Regency Centers in the second quarter worth approximately $31,000. Hantz Financial Services Inc. raised its holdings in shares of Regency Centers by 388.9% in the fourth quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock worth $30,000 after buying an additional 350 shares during the period. Finally, MUFG Securities EMEA plc purchased a new stake in Regency Centers in the second quarter worth $34,000. Institutional investors own 96.07% of the company’s stock.

Insider Buying and Selling at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 274,615 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $78.40, for a total transaction of $21,529,816.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $79.06, for a total value of $626,708.62. Following the transaction, the insider owned 33,069 shares in the company, valued at approximately $2,614,435.14. This represents a 19.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.00% of the company’s stock.

Regency Centers Stock Performance

REG stock opened at $80.10 on Thursday. 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 business’s fifty day simple moving average is $78.23 and its two-hundred day simple moving average is $74.70. Regency Centers Corporation has a twelve month low of $66.86 and a twelve month high of $81.66. The firm has a market cap of $14.67 billion, a price-to-earnings ratio of 27.62, a PEG ratio of 3.37 and a beta of 0.81.

Regency Centers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th will be paid a dividend of $0.755 per share. The ex-dividend date is Friday, June 12th. This represents a $3.02 annualized dividend and a dividend yield of 3.8%. Regency Centers’s dividend payout ratio (DPR) is currently 104.14%.

Analyst Upgrades and Downgrades

REG has been the topic of a number of recent analyst reports. Evercore set a $80.00 target price on Regency Centers in a research note on Friday, May 1st. Barclays increased their target price on Regency Centers from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. UBS Group increased their target price on Regency Centers from $75.00 to $81.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of Regency Centers in a research note on Friday, May 29th. Finally, Wells Fargo & Company increased their target price on Regency Centers from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $82.07.

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.