Legal & General Group Plc Has $117.70 Million Holdings in Regency Centers Corporation $REG

Legal & General Group Plc increased its stake in shares of Regency Centers Corporation (NASDAQ:REG) by 2.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,705,024 shares of the company’s stock after purchasing an additional 46,438 shares during the period. Legal & General Group Plc’s holdings in Regency Centers were worth $117,698,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in REG. Hantz Financial Services Inc. grew its stake in Regency Centers by 388.9% in the fourth quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock valued at $30,000 after acquiring an additional 350 shares during the period. EverSource Wealth Advisors LLC grew its stake in Regency Centers by 71.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 813 shares of the company’s stock valued at $56,000 after acquiring an additional 339 shares during the period. Kingdom Financial Group LLC. acquired a new position in Regency Centers in the fourth quarter valued at about $560,000. Global Retirement Partners LLC grew its stake in Regency Centers by 433.1% in the fourth quarter. Global Retirement Partners LLC now owns 725 shares of the company’s stock valued at $50,000 after acquiring an additional 589 shares during the period. Finally, ABN Amro Investment Solutions acquired a new position in Regency Centers in the fourth quarter valued at about $459,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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

Analysts Set New Price Targets

REG has been the subject of a number of research analyst reports. Robert W. Baird set a $84.00 target price on Regency Centers in a research note on Tuesday, February 10th. Scotiabank raised their target price 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. Wells Fargo & Company 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. 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. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $81.93.

Regency Centers Stock Down 0.5%

REG stock opened at $78.52 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 stock has a market capitalization of $14.38 billion, a P/E ratio of 27.08, a P/E/G ratio of 3.35 and a beta of 0.82. The business has a 50-day moving average of $77.79 and a 200-day moving average of $74.21. Regency Centers Corporation has a fifty-two week low of $66.86 and a fifty-two week high of $81.66.

Regency Centers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th will be given a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, June 12th. Regency Centers’s dividend payout ratio is currently 104.14%.

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.