Tudor Investment Corp ET AL increased its position in shares of Regency Centers Corporation (NASDAQ:REG – Free Report) by 226.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,002 shares of the company’s stock after acquiring an additional 24,978 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Regency Centers were worth $2,625,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of REG. Brown Brothers Harriman & Co. lifted its stake in shares of Regency Centers by 63.1% during 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 during the period. CYBER HORNET ETFs LLC purchased a new stake in shares of Regency Centers in the second quarter valued at $31,000. Steigerwald Gordon & Koch Inc. acquired a new position in Regency Centers in the third quarter valued at $33,000. MUFG Securities EMEA plc acquired a new position in Regency Centers in the second quarter valued at $34,000. Finally, Financial Consulate Inc. purchased a new position in Regency Centers during the third quarter worth about $38,000. 96.07% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In related news, Chairman Martin E. Stein, Jr. sold 38,000 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $77.21, for a total value of $2,933,980.00. Following the completion of the sale, the chairman directly owned 157,892 shares in the company, valued at approximately $12,190,841.32. This represents a 19.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 177,490 shares of company stock worth $13,839,932. 1.00% of the stock is currently owned by corporate insiders.
Regency Centers Trading Down 0.1%
Regency Centers Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be issued a dividend of $0.755 per share. The ex-dividend date is Wednesday, March 11th. This represents a $3.02 annualized dividend and a dividend yield of 4.1%. Regency Centers’s payout ratio is presently 107.86%.
Wall Street Analysts Forecast Growth
Several research firms have commented on REG. Royal Bank Of Canada upgraded Regency Centers to a “sector perform” rating in a report on Friday, January 9th. Jefferies Financial Group set a $79.00 target price on shares of Regency Centers in a research report on Monday, December 15th. Morgan Stanley reaffirmed an “overweight” rating and set a $85.00 price target on shares of Regency Centers in a research note on Monday, January 5th. UBS Group set a $76.00 price objective on shares of Regency Centers in a research note on Wednesday, January 14th. Finally, 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. One 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $80.14.
Get Our Latest Stock Analysis on Regency Centers
About Regency Centers
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.
See Also
Receive News & Ratings for Regency Centers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regency Centers and related companies with MarketBeat.com's FREE daily email newsletter.
