American Century Companies Inc. Buys 93,268 Shares of Regency Centers Corporation $REG

Key Points

• American Century Companies raised its stake in Regency Centers by 10.8% in Q3, buying 93,268 shares to hold 957,588 shares (about 0.53% of the company) valued at roughly $69.8 million.
• Regency declared a quarterly dividend of $0.755 per share (annualized $3.02, yield 3.8%) with an ex-dividend date of March 11 and pay date April 1, while Chairman Martin E. Stein Jr. sold 10,000 shares at $76.30 (≈$763,000).
• Analysts have a consensus rating of Moderate Buy with an average target of $79.50; the stock recently traded near $79.60, has a $14.6 billion market cap and a P/E of 28.43.

American Century Companies Inc. grew its stake in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 10.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 957,588 shares of the company's stock after acquiring an additional 93,268 shares during the period. American Century Companies Inc. owned about 0.53% of Regency Centers worth $69,808,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of REG. CYBER HORNET ETFs LLC purchased a new position in Regency Centers during the 2nd quarter worth $31,000. Steigerwald Gordon & Koch Inc. bought a new position in shares of Regency Centers during the 3rd quarter worth $33,000. MUFG Securities EMEA plc bought a new position in shares of Regency Centers during the 2nd quarter worth $34,000. Financial Consulate Inc. purchased a new position in shares of Regency Centers during the third quarter valued at $38,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Regency Centers by 233.3% in the second quarter. EverSource Wealth Advisors LLC now owns 570 shares of the company's stock valued at $41,000 after acquiring an additional 399 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on REG shares. Weiss Ratings upgraded shares of Regency Centers from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, February 17th. Citigroup lifted their price target on Regency Centers from $75.00 to $76.00 and gave the company a "neutral" rating in a report on Tuesday, February 10th. UBS Group set a $76.00 price objective on Regency Centers in a research report on Wednesday, January 14th. Argus upgraded Regency Centers to a "strong-buy" rating in a research note on Wednesday, November 5th. Finally, Scotiabank decreased their price target on shares of Regency Centers from $78.00 to $76.00 and set a "sector perform" rating for the company in a research report on Wednesday, January 14th. 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $79.50.

Insider Buying and Selling at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 10,000 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $76.30, for a total value of $763,000.00. Following the sale, the chairman owned 272,133 shares in the company, valued at $20,763,747.90. This represents a 3.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is owned by insiders.

Regency Centers Stock Performance

Shares of REG opened at $79.60 on Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a 50-day moving average of $73.18 and a two-hundred day moving average of $71.59. The stock has a market cap of $14.56 billion, a P/E ratio of 28.43, a P/E/G ratio of 3.43 and a beta of 0.91. Regency Centers Corporation has a one year low of $63.44 and a one year high of $79.89.

Regency Centers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be given a dividend of $0.755 per share. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $3.02 dividend on an annualized basis and a yield of 3.8%. Regency Centers's dividend payout ratio (DPR) is currently 107.86%.

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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