Rhumbline Advisers Sells 13,219 Shares of Regency Centers Corporation $REG

Rhumbline Advisers reduced its holdings in shares of Regency Centers Corporation (NASDAQ:REG) by 3.5% in the third quarter, HoldingsChannel reports. The fund owned 362,845 shares of the company’s stock after selling 13,219 shares during the period. Rhumbline Advisers’ holdings in Regency Centers were worth $26,451,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wolverine Asset Management LLC purchased a new position in shares of Regency Centers during the third quarter valued at approximately $1,083,000. Inspire Investing LLC raised its stake in Regency Centers by 441.4% during the 3rd quarter. Inspire Investing LLC now owns 21,736 shares of the company’s stock valued at $1,585,000 after buying an additional 17,721 shares during the last quarter. Pacific Heights Asset Management LLC boosted its stake in shares of Regency Centers by 50.0% in the 3rd quarter. Pacific Heights Asset Management LLC now owns 225,000 shares of the company’s stock worth $16,402,000 after buying an additional 75,000 shares during the last quarter. Geode Capital Management LLC increased its position in Regency Centers by 1.4% during the second quarter. Geode Capital Management LLC now owns 4,786,646 shares of the company’s stock valued at $339,669,000 after acquiring an additional 65,719 shares during the last quarter. Finally, Generate Investment Management Ltd boosted its position in Regency Centers by 73.2% in the third quarter. Generate Investment Management Ltd now owns 115,457 shares of the company’s stock worth $8,417,000 after purchasing an additional 48,803 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on REG. UBS Group set a $76.00 price objective on shares of Regency Centers in a report on Wednesday, January 14th. Scotiabank reduced their price objective on Regency Centers from $78.00 to $76.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 14th. Citigroup lifted their target price on Regency Centers from $75.00 to $76.00 and gave the company a “neutral” rating in a research report on Tuesday, February 10th. Barclays raised Regency Centers from an “equal weight” rating to an “overweight” rating and decreased their price objective for the stock from $83.00 to $82.00 in a research note on Tuesday, November 18th. Finally, Truist Financial reduced their target price on shares of Regency Centers from $81.00 to $77.00 and set a “buy” rating for the company in a report on Tuesday, November 18th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $78.79.

Regency Centers Trading Up 0.7%

Shares of REG opened at $76.18 on Monday. The firm has a market cap of $13.93 billion, a P/E ratio of 27.21, a price-to-earnings-growth ratio of 2.83 and a beta of 0.94. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.05 and a quick ratio of 1.20. Regency Centers Corporation has a 1 year low of $63.44 and a 1 year high of $78.18. The company has a 50 day simple moving average of $70.68 and a two-hundred day simple moving average of $71.05.

Regency Centers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be paid a $0.755 dividend. The ex-dividend date is Wednesday, March 11th. This represents a $3.02 annualized dividend and a yield of 4.0%. Regency Centers’s payout ratio is presently 107.86%.

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.