Jefferies Financial Group Inc. Acquires 60,590 Shares of Regency Centers Corporation $REG

Key Points

• Jefferies increased its stake in Regency Centers by 19.9%, buying 60,590 shares to hold 364,435 shares (about 0.20%) valued at roughly $26.57 million, while institutional investors own about 96.07% of the stock.
• Regency declared a quarterly dividend of $0.755 per share (annualized $3.02) with an ex-dividend/record date of March 11 and a yield of about 3.8%, although the payout ratio is high at 107.86%.
• Analysts have an average rating of "Moderate Buy" with a consensus target of $79.50, and several firms recently raised targets into the mid-$80s (e.g., Truist $84, Morgan Stanley $85, Barclays $85), as the stock trades near its 52-week high.

Jefferies Financial Group Inc. lifted its holdings in Regency Centers Corporation (NASDAQ:REG - Free Report) by 19.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 364,435 shares of the company's stock after purchasing an additional 60,590 shares during the period. Jefferies Financial Group Inc. owned about 0.20% of Regency Centers worth $26,567,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of REG. Parallel Advisors LLC raised its stake in Regency Centers by 6.7% in the third quarter. Parallel Advisors LLC now owns 2,690 shares of the company's stock worth $196,000 after buying an additional 170 shares in the last quarter. Natixis Advisors LLC boosted its position in Regency Centers by 45.1% during the 3rd quarter. Natixis Advisors LLC now owns 49,873 shares of the company's stock valued at $3,636,000 after acquiring an additional 15,508 shares in the last quarter. Korea Investment CORP boosted its position in Regency Centers by 61.9% during the 3rd quarter. Korea Investment CORP now owns 119,613 shares of the company's stock valued at $8,720,000 after acquiring an additional 45,734 shares in the last quarter. Barclays PLC increased its holdings in shares of Regency Centers by 53.2% in the 3rd quarter. Barclays PLC now owns 457,228 shares of the company's stock valued at $33,332,000 after acquiring an additional 158,864 shares during the period. Finally, RBO & Co. LLC increased its holdings in shares of Regency Centers by 1.1% in the 3rd quarter. RBO & Co. LLC now owns 194,189 shares of the company's stock valued at $14,156,000 after acquiring an additional 2,081 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 10,000 shares of the firm's stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $76.30, for a total value of $763,000.00. Following the completion of the sale, the chairman owned 272,133 shares of the company's stock, valued at approximately $20,763,747.90. This trade represents a 3.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.00% of the company's stock.

Regency Centers Stock Performance

Shares of REG opened at $78.66 on Monday. 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 firm has a market cap of $14.39 billion, a PE ratio of 28.09, a P/E/G ratio of 3.38 and a beta of 0.91. Regency Centers Corporation has a 12 month low of $63.44 and a 12 month high of $79.89. The stock has a fifty day moving average price of $73.56 and a 200-day moving average price of $71.70.

Regency Centers Dividend Announcement

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 paid a $0.755 dividend. The ex-dividend date 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 107.86%.

Wall Street Analysts Forecast Growth

REG has been the subject of a number of analyst reports. Truist Financial upped their price objective on Regency Centers from $77.00 to $84.00 and gave the stock a "buy" rating in a research note on Monday, March 2nd. Morgan Stanley reiterated an "overweight" rating and issued a $85.00 target price on shares of Regency Centers in a research note on Monday, January 5th. Scotiabank reduced their target price on shares of Regency Centers from $78.00 to $76.00 and set a "sector perform" rating for the company in a report on Wednesday, January 14th. Barclays increased their price target 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. Finally, Royal Bank Of Canada upgraded shares of Regency Centers to a "sector perform" rating in a report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $79.50.

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.

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