Rhumbline Advisers Cuts Stock Holdings in Regency Centers Corporation $REG

Rhumbline Advisers reduced its stake in Regency Centers Corporation (NASDAQ:REG) by 3.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 362,845 shares of the company’s stock after selling 13,219 shares during the quarter. Rhumbline Advisers owned about 0.20% of Regency Centers worth $26,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of REG. CYBER HORNET ETFs LLC purchased a new stake in shares of Regency Centers during the 2nd quarter valued at $31,000. Steigerwald Gordon & Koch Inc. bought a new stake in Regency Centers during the third quarter worth about $33,000. MUFG Securities EMEA plc bought a new position in shares of Regency Centers during the 2nd quarter valued at about $34,000. Financial Consulate Inc. bought a new position in shares of Regency Centers during the 3rd quarter valued at about $38,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Regency Centers by 233.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 570 shares of the company’s stock valued at $41,000 after buying an additional 399 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Argus upgraded shares of Regency Centers to a “strong-buy” rating in a research report on Wednesday, November 5th. Jefferies Financial Group set a $79.00 target price on shares of Regency Centers in a report on Monday, December 15th. Deutsche Bank Aktiengesellschaft raised Regency Centers from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a research note on Tuesday, January 20th. Citigroup boosted their target price on Regency Centers from $75.00 to $76.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. Finally, Wells Fargo & Company raised their price target on Regency Centers from $81.00 to $82.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $78.79.

Regency Centers Trading Up 0.7%

NASDAQ REG opened at $76.18 on Monday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.20 and a current ratio of 1.05. Regency Centers Corporation has a fifty-two week low of $63.44 and a fifty-two week high of $78.18. The stock has a market cap of $13.93 billion, a P/E ratio of 27.21, a price-to-earnings-growth ratio of 2.83 and a beta of 0.94. The stock has a 50 day simple moving average of $70.68 and a two-hundred day simple moving average of $71.05.

Regency Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be issued a $0.755 dividend. The ex-dividend date is Wednesday, March 11th. This represents a $3.02 annualized dividend and a yield of 4.0%. Regency Centers’s dividend payout ratio is 107.86%.

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.