Regency Centers Corporation $REG Shares Acquired by Daiwa Securities Group Inc.

Key Points

• Daiwa Securities Group Inc. more than doubled its stake in Regency Centers in the fourth quarter, buying an additional 88,257 shares and bringing its total holding to 173,954 shares worth about $12.0 million.
• Insider selling was notable, with Chairman Martin E. Stein, Jr. and insider Nicholas Andrew Wibbenmeyer both selling shares recently; insiders sold 450,032 shares total over the last 90 days.
• Regency Centers recently declared a quarterly dividend of $0.755 per share, implying an annualized payout of $3.02 and a yield of 3.9%, while analysts currently rate the stock a consensus Hold with an average target price of $82.07.

Daiwa Securities Group Inc. lifted its stake in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 103.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 173,954 shares of the company's stock after buying an additional 88,257 shares during the period. Daiwa Securities Group Inc. owned approximately 0.10% of Regency Centers worth $12,008,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in REG. AQR Capital Management LLC lifted its stake in shares of Regency Centers by 15.4% during the first quarter. AQR Capital Management LLC now owns 64,337 shares of the company's stock worth $4,701,000 after buying an additional 8,563 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Regency Centers by 3.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,894 shares of the company's stock worth $1,099,000 after buying an additional 557 shares during the period. Empowered Funds LLC lifted its stake in shares of Regency Centers by 9.6% during the first quarter. Empowered Funds LLC now owns 5,856 shares of the company's stock worth $432,000 after buying an additional 511 shares during the period. Jane Street Group LLC lifted its stake in shares of Regency Centers by 81.5% during the first quarter. Jane Street Group LLC now owns 8,247 shares of the company's stock worth $608,000 after buying an additional 3,702 shares during the period. Finally, Intech Investment Management LLC lifted its stake in shares of Regency Centers by 47.6% during the first quarter. Intech Investment Management LLC now owns 20,011 shares of the company's stock worth $1,476,000 after buying an additional 6,451 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of Regency Centers stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $79.06, for a total value of $626,708.62. Following the completion of the transaction, the insider owned 33,069 shares of the company's stock, valued at approximately $2,614,435.14. The trade was a 19.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Martin E. Stein, Jr. sold 274,615 shares of Regency Centers stock in a transaction on Monday, May 4th. The shares were sold at an average price of $78.40, for a total transaction of $21,529,816.00. The SEC filing for this sale provides additional information. Insiders sold 450,032 shares of company stock valued at $35,233,456 in the last ninety days. 1.00% of the stock is owned by corporate insiders.

Regency Centers Trading Up 1.4%

Shares of Regency Centers stock opened at $77.72 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.14 and a quick ratio of 2.14. The firm has a fifty day moving average price of $77.96 and a 200 day moving average price of $74.46. Regency Centers Corporation has a 1 year low of $66.86 and a 1 year high of $81.66. The stock has a market cap of $14.23 billion, a PE ratio of 26.80, a price-to-earnings-growth ratio of 3.29 and a beta of 0.81.

Regency Centers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be issued a $0.755 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $3.02 dividend on an annualized basis and a yield of 3.9%. Regency Centers's payout ratio is presently 104.14%.

Analyst Ratings Changes

REG has been the subject of several recent research reports. UBS Group raised their target price on shares of Regency Centers from $75.00 to $81.00 and gave the stock a "neutral" rating in a report on Monday, May 18th. Truist Financial raised their target price on shares of Regency Centers from $77.00 to $84.00 and gave the stock a "buy" rating in a report on Monday, March 2nd. Weiss Ratings reissued a "buy (b)" rating on shares of Regency Centers in a report on Friday, May 29th. Barclays raised their target price on shares of Regency Centers from $85.00 to $90.00 and gave the stock an "overweight" rating in a report on Tuesday, May 12th. Finally, Morgan Stanley raised their target price on shares of Regency Centers from $85.00 to $88.00 and gave the stock an "overweight" rating in a report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $82.07.

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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