Nomura Asset Management Co. Ltd. Acquires 10,745 Shares of Regency Centers Corporation $REG

Nomura Asset Management Co. Ltd. raised its holdings in shares of Regency Centers Corporation (NASDAQ:REG) by 3.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 311,562 shares of the company’s stock after purchasing an additional 10,745 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.17% of Regency Centers worth $21,507,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of REG. Norges Bank bought a new stake in Regency Centers during the 4th quarter valued at $1,183,667,000. PFA Pension Forsikringsaktieselskab bought a new stake in Regency Centers during the 4th quarter valued at $56,480,000. Alyeska Investment Group L.P. bought a new stake in Regency Centers during the 3rd quarter valued at $47,563,000. UBS Group AG increased its stake in Regency Centers by 78.8% during the 3rd quarter. UBS Group AG now owns 1,337,215 shares of the company’s stock valued at $97,483,000 after purchasing an additional 589,327 shares in the last quarter. Finally, National Bank of Canada FI increased its stake in Regency Centers by 334.6% during the 3rd quarter. National Bank of Canada FI now owns 495,964 shares of the company’s stock valued at $36,156,000 after purchasing an additional 381,833 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Regency Centers Price Performance

REG opened at $76.14 on Tuesday. The firm has a market cap of $13.94 billion, a P/E ratio of 26.26, a PEG ratio of 3.28 and a beta of 0.81. The firm has a 50-day moving average of $77.79 and a 200 day moving average of $74.30. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.14 and a current ratio of 2.14. Regency Centers Corporation has a fifty-two week low of $66.86 and a fifty-two week high of $81.66.

Regency Centers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 12th will be given a dividend of $0.755 per share. The ex-dividend date is Friday, June 12th. This represents a $3.02 annualized dividend and a yield of 4.0%. Regency Centers’s dividend payout ratio is presently 104.14%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on REG shares. Evercore set a $80.00 price target on Regency Centers in a report on Friday, May 1st. Scotiabank lifted their price objective 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 increased their target price on shares of Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Truist Financial increased their target price on shares of Regency Centers from $77.00 to $84.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Finally, Citigroup increased their target price on shares of Regency Centers from $76.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $82.07.

Insider Activity

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 274,615 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $78.40, for a total transaction of $21,529,816.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the 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 transaction, the insider owned 33,069 shares of the company’s stock, valued at $2,614,435.14. This represents a 19.34% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 450,032 shares of company stock valued at $35,233,456. 1.00% of the stock is owned by company insiders.

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.