Pictet Asset Management Holding SA Has $5.83 Million Holdings in Regency Centers Corporation $REG

Key Points

• Pictet Asset Management cut its stake in Regency Centers by 37.9% in Q4, selling 51,499 shares and ending the quarter with 84,513 shares worth about $5.83 million.
• Chairman Martin E. Stein Jr. sold 38,000 shares on March 11 (≈$2.93M), and insiders have sold a total of 177,490 shares (≈$13.84M) in the last three months, while insiders now own about 1% of the company.
• Regency paid a quarterly dividend of $0.755 (annualized $3.02) for a 3.8% yield, but the firm's payout ratio is 104.14%, indicating dividends exceed reported earnings.

Pictet Asset Management Holding SA decreased its position in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 37.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 84,513 shares of the company's stock after selling 51,499 shares during the quarter. Pictet Asset Management Holding SA's holdings in Regency Centers were worth $5,834,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Wolverine Asset Management LLC acquired a new position in Regency Centers during the 3rd quarter worth $1,083,000. Centersquare Investment Management LLC lifted its holdings 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 $1,339,000. Azzad Asset Management Inc. ADV lifted its holdings 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 holdings 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 and hedge funds own 96.07% of the company's stock.

Regency Centers Stock Performance

Shares of Regency Centers stock opened at $78.65 on Monday. The firm has a fifty day moving average of $77.84 and a two-hundred day moving average of $73.32. The stock has a market capitalization of $14.40 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 3.38 and a beta of 0.82. Regency Centers Corporation has a 52 week low of $66.86 and a 52 week high of $81.66. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.05 and a current ratio of 2.06.

Regency Centers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th were given a dividend of $0.755 per share. The ex-dividend date was Wednesday, March 11th. This represents a $3.02 annualized dividend and a dividend yield of 3.8%. Regency Centers's payout ratio is presently 104.14%.

Insider Activity at Regency Centers

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

Analyst Upgrades and Downgrades

REG has been the topic of several research reports. Barclays upped their price objective on Regency Centers from $82.00 to $85.00 and gave the stock an "overweight" rating in a report on Monday, March 2nd. Evercore set a $80.00 price objective on Regency Centers in a report on Friday. Scotiabank upped their price objective on Regency Centers from $76.00 to $82.00 and gave the stock a "sector perform" rating in a report on Tuesday, March 24th. UBS Group set a $76.00 price objective on Regency Centers in a report on Wednesday, January 14th. Finally, Royal Bank Of Canada upgraded shares of Regency Centers to a "sector perform" rating in a research report on Friday, January 9th. 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's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $80.57.

Regency Centers 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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