Vanguard Group Inc. Sells 231,574 Shares of Regency Centers Corporation $REG

Vanguard Group Inc. lessened its position in Regency Centers Corporation (NASDAQ:REG) by 0.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,862,215 shares of the company’s stock after selling 231,574 shares during the period. Vanguard Group Inc. owned approximately 15.35% of Regency Centers worth $2,031,155,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. CYBER HORNET ETFs LLC acquired a new position in shares of Regency Centers in the 2nd quarter valued at $31,000. Steigerwald Gordon & Koch Inc. bought a new position in Regency Centers during the third quarter worth about $33,000. MUFG Securities EMEA plc acquired a new stake in shares of Regency Centers during the second quarter worth about $34,000. Financial Consulate Inc. bought a new position in shares of Regency Centers during the 3rd quarter valued at about $38,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Regency Centers by 233.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 570 shares of the company’s stock valued at $41,000 after purchasing an additional 399 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Regency Centers Stock Up 0.1%

NASDAQ:REG opened at $75.81 on Friday. The firm has a market capitalization of $13.87 billion, a price-to-earnings ratio of 27.08, a price-to-earnings-growth ratio of 3.26 and a beta of 0.94. The company has a quick ratio of 1.20, a current ratio of 1.05 and a debt-to-equity ratio of 0.68. Regency Centers Corporation has a twelve month low of $63.44 and a twelve month high of $78.18. The stock’s 50 day moving average price is $71.37 and its two-hundred day moving average price is $71.20.

Regency Centers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be issued a dividend of $0.755 per share. The ex-dividend date is Wednesday, March 11th. This represents a $3.02 dividend on an annualized basis and a yield of 4.0%. Regency Centers’s dividend payout ratio (DPR) is presently 107.86%.

Wall Street Analysts Forecast Growth

REG has been the subject of several research analyst reports. Mizuho reiterated a “neutral” rating and issued a $74.00 price target (down previously from $77.00) on shares of Regency Centers in a report on Friday, January 9th. Argus raised shares of Regency Centers to a “strong-buy” rating in a research note on Wednesday, November 5th. KeyCorp reissued a “sector weight” rating on shares of Regency Centers in a research note on Thursday, December 4th. Robert W. Baird set a $84.00 price target on Regency Centers in a report on Tuesday, February 10th. Finally, Weiss Ratings upgraded Regency Centers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.79.

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.