Regency Centers Corporation $REG Shares Acquired by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd lifted its stake in shares of Regency Centers Corporation (NASDAQ:REG) by 52.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 58,670 shares of the company’s stock after purchasing an additional 20,287 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Regency Centers were worth $4,050,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Probity Advisors Inc. grew its stake in Regency Centers by 7.4% in the 4th quarter. Probity Advisors Inc. now owns 9,621 shares of the company’s stock valued at $664,000 after acquiring an additional 660 shares during the last quarter. Optas LLC acquired a new stake in Regency Centers in the 4th quarter valued at about $223,000. Vert Asset Management LLC grew its stake in Regency Centers by 8.4% in the 4th quarter. Vert Asset Management LLC now owns 84,912 shares of the company’s stock valued at $5,861,000 after acquiring an additional 6,547 shares during the last quarter. Krilogy Financial LLC grew its stake in Regency Centers by 5.2% in the 4th quarter. Krilogy Financial LLC now owns 4,533 shares of the company’s stock valued at $323,000 after acquiring an additional 224 shares during the last quarter. Finally, VCI Wealth Management LLC grew its stake in Regency Centers by 27.4% in the 4th quarter. VCI Wealth Management LLC now owns 15,346 shares of the company’s stock valued at $1,059,000 after acquiring an additional 3,303 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

REG has been the topic of a number of research reports. Royal Bank Of Canada raised shares of Regency Centers to a “sector perform” rating in a research note on Friday, January 9th. Truist Financial increased their price objective on shares of Regency Centers from $77.00 to $84.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Citigroup increased their price objective on shares of Regency Centers from $75.00 to $76.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. Morgan Stanley increased their price objective on shares of Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Robert W. Baird set a $84.00 price objective on shares of Regency Centers in a research note on Tuesday, February 10th. 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $80.36.

Regency Centers Price Performance

NASDAQ:REG opened at $80.01 on Wednesday. The firm has a market cap of $14.65 billion, a price-to-earnings ratio of 28.58, a price-to-earnings-growth ratio of 3.49 and a beta of 0.90. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.68. The company’s 50-day moving average is $77.36 and its two-hundred day moving average is $72.91. Regency Centers Corporation has a 12-month low of $66.86 and a 12-month high of $81.66.

Regency Centers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th were issued a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Wednesday, March 11th. Regency Centers’s dividend payout ratio is 107.86%.

Insider Transactions at Regency Centers

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 129,490 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $78.33, for a total value of $10,142,951.70. Following the transaction, the chairman directly owned 195,892 shares in the company, valued at approximately $15,344,220.36. This represents a 39.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 177,490 shares of company stock valued at $13,839,932. 1.00% of the stock is currently owned by corporate insiders.

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.