Regency Centers Corporation $REG Shares Purchased by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. boosted its stake in Regency Centers by 14.9%, adding 86,408 shares to hold 668,118 shares (about 0.37% of the company) valued at roughly $48.68 million at quarter-end.
• Chairman Martin E. Stein Jr. sold 129,490 shares on March 10 at an average price of $78.33 for about $10.14 million, reducing his ownership by 39.8%; insiders sold a total of 177,490 shares (~$13.84 million) in the last three months.
• Regency announced a quarterly dividend of $0.755 (annualized $3.02) payable April 1, implying a ~3.9% yield, while the dividend payout ratio stands at a high 107.86%.

Russell Investments Group Ltd. boosted its position in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 14.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 668,118 shares of the company's stock after purchasing an additional 86,408 shares during the period. Russell Investments Group Ltd. owned approximately 0.37% of Regency Centers worth $48,681,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Park Avenue Securities LLC increased its holdings in shares of Regency Centers by 5.2% during the 3rd quarter. Park Avenue Securities LLC now owns 3,040 shares of the company's stock worth $222,000 after buying an additional 149 shares during the last quarter. Atria Investments Inc lifted its holdings in Regency Centers by 3.3% in the second quarter. Atria Investments Inc now owns 4,847 shares of the company's stock valued at $345,000 after acquiring an additional 156 shares during the last quarter. Jones Financial Companies Lllp grew its position in Regency Centers by 13.9% in the third quarter. Jones Financial Companies Lllp now owns 1,293 shares of the company's stock worth $92,000 after acquiring an additional 158 shares during the period. Cibc World Market Inc. grew its position in Regency Centers by 0.4% in the third quarter. Cibc World Market Inc. now owns 43,561 shares of the company's stock worth $3,176,000 after acquiring an additional 161 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Regency Centers by 12.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,437 shares of the company's stock worth $102,000 after acquiring an additional 162 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 129,490 shares of the business's stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $78.33, for a total transaction of $10,142,951.70. Following the completion of the transaction, the chairman directly owned 195,892 shares of the company's stock, valued at approximately $15,344,220.36. The trade was a 39.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold 177,490 shares of company stock worth $13,839,932 over the last three months. Insiders own 1.00% of the company's stock.

Regency Centers Stock Down 0.6%

Shares of NASDAQ REG opened at $77.67 on Thursday. The stock has a market cap of $14.21 billion, a P/E ratio of 27.74, a PEG ratio of 3.36 and a beta of 0.91. The business's fifty day simple moving average is $74.07 and its 200-day simple moving average is $71.83. Regency Centers Corporation has a 12-month low of $63.44 and a 12-month high of $79.89. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.68.

Regency Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be paid a $0.755 dividend. This represents a $3.02 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Wednesday, March 11th. Regency Centers's dividend payout ratio (DPR) is presently 107.86%.

Analyst Upgrades and Downgrades

A number of research firms have commented on REG. Royal Bank Of Canada upgraded Regency Centers to a "sector perform" rating in a research report on Friday, January 9th. KeyCorp reissued a "sector weight" rating on shares of Regency Centers in a research report on Thursday, December 4th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $76.00 price objective (down from $81.00) on shares of Regency Centers in a report on Thursday, December 18th. Mizuho reaffirmed a "neutral" rating and issued a $74.00 target price (down from $77.00) on shares of Regency Centers in a research report on Friday, January 9th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $85.00 target price on shares of Regency Centers in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $79.50.

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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