Advisors Preferred LLC Invests $4.36 Million in Regency Centers Corporation $REG

Key Points

• Advisors Preferred LLC initiated a new position in Regency Centers in Q4, buying 64,120 shares worth about $4.36 million.
• Regency recently paid a quarterly dividend of $0.755 (annualized $3.02), a 3.8% yield, but the payout ratio is high at 104.14%.
• Company insiders have been net sellers: Chairman Martin E. Stein Jr. sold 38,000 shares and insiders disposed of 177,490 shares (~$13.84 million) over the past three months, while institutional investors own about 96.07% of the stock.

Advisors Preferred LLC bought a new position in Regency Centers Corporation (NASDAQ:REG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 64,120 shares of the company's stock, valued at approximately $4,358,000.

Several other large investors have also made changes to their positions in the company. Wolverine Asset Management LLC acquired a new position in Regency Centers during the 3rd quarter worth about $1,083,000. Centersquare Investment Management LLC lifted its position in Regency Centers by 5.7% during the 3rd quarter. Centersquare Investment Management LLC now owns 351,963 shares of the company's stock worth $25,658,000 after buying an additional 18,997 shares in the last quarter. Pensionfund Sabic acquired a new position in Regency Centers during the 4th quarter worth about $1,339,000. Azzad Asset Management Inc. ADV lifted its position in Regency Centers by 68.6% during the 4th quarter. Azzad Asset Management Inc. ADV now owns 53,562 shares of the company's stock worth $3,697,000 after buying an additional 21,799 shares in the last quarter. Finally, Pacific Heights Asset Management LLC lifted its position in Regency Centers by 50.0% during the 3rd quarter. Pacific Heights Asset Management LLC now owns 225,000 shares of the company's stock worth $16,402,000 after buying an additional 75,000 shares in the last quarter. Institutional investors own 96.07% of the company's stock.

Regency Centers Stock Performance

Shares of REG stock opened at $78.65 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.06 and a quick ratio of 1.05. The stock has a market cap of $14.40 billion, a PE ratio of 27.12, a price-to-earnings-growth ratio of 3.38 and a beta of 0.82. The stock has a 50-day moving average of $77.84 and a 200-day moving average of $73.32. Regency Centers Corporation has a one year low of $66.86 and a one year high of $81.66.

Regency Centers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th were paid a $0.755 dividend. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.8%. Regency Centers's dividend payout ratio is 104.14%.

Analysts Set New Price Targets

REG has been the topic of several research reports. Citigroup upped their price target on shares of Regency Centers from $75.00 to $76.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 10th. Mizuho reiterated a "neutral" rating and set a $74.00 price target (down from $77.00) on shares of Regency Centers in a research report on Friday, January 9th. Barclays upped their target price on shares of Regency Centers from $82.00 to $85.00 and gave the company an "overweight" rating in a research report on Monday, March 2nd. Evercore set a $80.00 target price on shares of Regency Centers in a research report on Friday. Finally, Robert W. Baird set a $84.00 target price on shares of Regency Centers in a research report on Tuesday, February 10th. One equities research 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 MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $80.57.

Insider Activity at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 38,000 shares of the company's stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $77.21, for a total value of $2,933,980.00. Following the completion of the sale, the chairman directly owned 157,892 shares of the company's stock, valued at $12,190,841.32. This represents a 19.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 177,490 shares of company stock valued at $13,839,932. Corporate insiders own 1.00% of the company's stock.

Regency Centers Company 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.

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