ABC Arbitrage SA Invests $1.99 Million in Regency Centers Corporation $REG

ABC Arbitrage SA bought a new stake in Regency Centers Corporation (NASDAQ:REG) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 26,326 shares of the company’s stock, valued at approximately $1,992,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Havemeyer Place LP bought a new position in Regency Centers during the fourth quarter worth about $26,000. Hantz Financial Services Inc. boosted its holdings in Regency Centers by 388.9% in the 4th quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock valued at $30,000 after purchasing an additional 350 shares during the period. Brown Brothers Harriman & Co. boosted its holdings in Regency Centers by 63.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock valued at $30,000 after purchasing an additional 157 shares during the period. CYBER HORNET ETFs LLC acquired a new position in shares of Regency Centers during the 2nd quarter worth approximately $31,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of Regency Centers during the 2nd quarter worth approximately $34,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on REG shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Regency Centers in a research report on Friday, May 29th. Citigroup upped their price objective on Regency Centers from $76.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Jefferies Financial Group upgraded shares of Regency Centers to a “strong-buy” rating in a research report on Friday, June 26th. UBS Group lifted their price target on Regency Centers from $81.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Morgan Stanley upped their price objective on Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $82.94.

Regency Centers Stock Up 0.4%

Shares of REG opened at $79.94 on Tuesday. The company has a market capitalization of $14.64 billion, a PE ratio of 27.57, a PEG ratio of 3.38 and a beta of 0.80. Regency Centers Corporation has a 12 month low of $66.86 and a 12 month high of $81.93. The stock’s 50-day moving average price is $78.61 and its two-hundred day moving average price is $76.37. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.72.

Regency Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were paid a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, June 12th. Regency Centers’s payout ratio is currently 104.14%.

Insider Buying and Selling

In related news, insider Terah L. Devereaux sold 1,240 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $80.14, for a total value of $99,373.60. Following the sale, the insider directly owned 17,990 shares in the company, valued at $1,441,718.60. This represents a 6.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $79.06, for a total transaction of $626,708.62. Following the transaction, the insider owned 33,069 shares of the company’s stock, valued at approximately $2,614,435.14. The trade was a 19.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 283,782 shares of company stock valued at $22,255,898 over the last ninety days. 1.00% of the stock is owned by company insiders.

Regency Centers 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.