Elo Mutual Pension Insurance Co Buys 12,698 Shares of Regency Centers Corporation $REG

Elo Mutual Pension Insurance Co raised its position in shares of Regency Centers Corporation (NASDAQ:REGFree Report) by 54.5% in the third quarter, HoldingsChannel reports. The fund owned 35,991 shares of the company’s stock after acquiring an additional 12,698 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Regency Centers were worth $2,624,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. CYBER HORNET ETFs LLC acquired a new stake in Regency Centers during the 2nd quarter worth approximately $31,000. Steigerwald Gordon & Koch Inc. bought a new position in Regency Centers during the 3rd quarter worth $33,000. MUFG Securities EMEA plc acquired a new stake in shares of Regency Centers during the second quarter worth $34,000. Financial Consulate Inc. bought a new stake in shares of Regency Centers in the third quarter valued at about $38,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Regency Centers by 233.3% in the second quarter. EverSource Wealth Advisors LLC now owns 570 shares of the company’s stock valued at $41,000 after acquiring an additional 399 shares during the period. Institutional investors own 96.07% of the company’s stock.

Insider Buying and Selling at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 10,000 shares of Regency Centers stock in a transaction on Friday, February 20th. The stock was sold at an average price of $76.30, for a total value of $763,000.00. Following the transaction, the chairman owned 272,133 shares in the company, valued at approximately $20,763,747.90. This trade represents a 3.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Regency Centers Price Performance

Shares of NASDAQ:REG opened at $79.72 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $14.58 billion, a PE ratio of 28.47, a PEG ratio of 3.42 and a beta of 0.91. The firm has a 50 day moving average of $72.98 and a 200-day moving average of $71.53. Regency Centers Corporation has a 12 month low of $63.44 and a 12 month high of $79.89.

Regency Centers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be paid a dividend of $0.755 per share. The ex-dividend date is Wednesday, March 11th. This represents a $3.02 annualized dividend and a yield of 3.8%. Regency Centers’s dividend payout ratio is presently 107.86%.

Regency Centers News Roundup

Here are the key news stories impacting Regency Centers this week:

Analyst Ratings Changes

REG has been the topic of a number of recent research reports. Morgan Stanley reaffirmed an “overweight” rating and set a $85.00 price target on shares of Regency Centers in a research report on Monday, January 5th. Barclays increased their target price on shares of Regency Centers from $82.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday. Argus upgraded shares of Regency Centers to a “strong-buy” rating in a research report on Wednesday, November 5th. Mizuho reissued a “neutral” rating and set a $74.00 price target (down from $77.00) on shares of Regency Centers in a research report on Friday, January 9th. Finally, Robert W. Baird set a $84.00 price objective on Regency Centers in a research note on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $79.50.

Check Out Our Latest Research Report on REG

Regency Centers Profile

(Free Report)

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

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Institutional Ownership by Quarter for Regency Centers (NASDAQ:REG)

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