Regency Centers Corporation $REG Shares Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. boosted its stake in shares of Regency Centers Corporation (NASDAQ:REG) by 19.9% during the 3rd quarter, Holdings Channel reports. The firm owned 364,435 shares of the company’s stock after acquiring an additional 60,590 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Regency Centers were worth $26,567,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of REG. Wolverine Asset Management LLC acquired a new position in shares of Regency Centers in the 3rd quarter valued at $1,083,000. Inspire Investing LLC raised its stake in Regency Centers by 441.4% in the 3rd quarter. Inspire Investing LLC now owns 21,736 shares of the company’s stock worth $1,585,000 after acquiring an additional 17,721 shares during the last quarter. Centersquare Investment Management LLC lifted its position in Regency Centers by 5.7% during the 3rd quarter. Centersquare Investment Management LLC now owns 351,963 shares of the company’s stock worth $25,658,000 after acquiring an additional 18,997 shares during the period. Pacific Heights Asset Management LLC grew its stake in Regency Centers by 50.0% during the 3rd quarter. Pacific Heights Asset Management LLC now owns 225,000 shares of the company’s stock valued at $16,402,000 after purchasing an additional 75,000 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Regency Centers by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 4,786,646 shares of the company’s stock valued at $339,669,000 after purchasing an additional 65,719 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $76.00 price objective (down from $81.00) on shares of Regency Centers in a report on Thursday, December 18th. KeyCorp reiterated a “sector weight” rating on shares of Regency Centers in a research report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft upgraded shares of Regency Centers from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a report on Tuesday, January 20th. Scotiabank reduced their price target on shares of Regency Centers from $78.00 to $76.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 14th. Finally, Morgan Stanley restated an “overweight” rating and set a $85.00 price objective on shares of Regency Centers in a research note on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.50.

Insiders Place Their Bets

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chairman directly owned 272,133 shares of the company’s stock, valued at approximately $20,763,747.90. The trade was a 3.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.00% of the company’s stock.

Regency Centers Stock Performance

NASDAQ REG opened at $78.66 on Monday. The firm has a market capitalization of $14.39 billion, a P/E ratio of 28.09, a PEG ratio of 3.38 and a beta of 0.91. The stock has a 50-day simple moving average of $73.56 and a two-hundred day simple moving average of $71.70. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.05 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 $79.89.

Regency Centers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be given a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a yield of 3.8%. The ex-dividend date is Wednesday, March 11th. Regency Centers’s dividend payout ratio (DPR) is currently 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.