Wolverine Asset Management LLC Boosts Holdings in Regency Centers Corporation $REG

Key Points

• Wolverine Asset Management boosted its stake in Regency Centers by 90.8% in Q4 to 28,344 shares, worth about $1.96 million, and institutions now own roughly 96.07% of the stock.
• Chairman Martin E. Stein Jr. sold 129,490 shares at an average of $78.33 (≈$10.14M), cutting his position by 39.8%; insiders have sold 177,490 shares in the last 90 days and now own about 1%.
• Analysts hold a consensus “Moderate Buy” with an average target of $80.57, and the company pays a $0.755 quarterly dividend (3.8% yield) despite a dividend payout ratio of 104.14%.

Wolverine Asset Management LLC boosted its position in Regency Centers Corporation (NASDAQ:REG - Free Report) by 90.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,344 shares of the company's stock after purchasing an additional 13,486 shares during the quarter. Wolverine Asset Management LLC's holdings in Regency Centers were worth $1,957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Brown Brothers Harriman & Co. lifted its stake in Regency Centers by 63.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company's stock worth $30,000 after purchasing an additional 157 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in Regency Centers in the 2nd quarter worth approximately $31,000. Steigerwald Gordon & Koch Inc. purchased a new stake in Regency Centers in the 3rd quarter worth approximately $33,000. MUFG Securities EMEA plc purchased a new stake in Regency Centers in the 2nd quarter worth approximately $34,000. Finally, Financial Consulate Inc. bought a new position in shares of Regency Centers in the 3rd quarter worth $38,000. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

REG has been the topic of a number of research analyst reports. Weiss Ratings raised shares of Regency Centers from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, February 17th. Evercore set a $80.00 price target on shares of Regency Centers in a report on Friday. Scotiabank increased their price target on shares of 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 target on shares of Regency Centers in a report on Wednesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Regency Centers from a "hold" rating to a "buy" rating and set a $83.00 price target on the stock in a report on Tuesday, January 20th. One 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 company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $80.57.

Insider Buying and Selling

In related news, Chairman Martin E. Stein, Jr. sold 129,490 shares of Regency Centers stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $78.33, for a total value of $10,142,951.70. Following the transaction, the chairman owned 195,892 shares in the company, valued at $15,344,220.36. This trade represents a 39.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders have sold 177,490 shares of company stock valued at $13,839,932. 1.00% of the stock is owned by company insiders.

Regency Centers Stock Performance

NASDAQ:REG opened at $78.75 on Tuesday. The company has a market capitalization of $14.42 billion, a price-to-earnings ratio of 27.16, a PEG ratio of 3.38 and a beta of 0.82. The business has a 50 day moving average of $77.84 and a 200 day moving average of $73.32. Regency Centers Corporation has a 1-year low of $66.86 and a 1-year high of $81.66. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.06 and a quick ratio of 1.05.

Regency Centers Announces Dividend

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

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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