Tudor Investment Corp ET AL Increases Stock Holdings in Regency Centers Corporation $REG

Tudor Investment Corp ET AL increased its stake in shares of Regency Centers Corporation (NASDAQ:REG) by 226.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 36,002 shares of the company’s stock after purchasing an additional 24,978 shares during the period. Tudor Investment Corp ET AL’s holdings in Regency Centers were worth $2,625,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cambria Investment Management L.P. lifted its position in shares of Regency Centers by 15.6% during the third quarter. Cambria Investment Management L.P. now owns 8,419 shares of the company’s stock worth $614,000 after purchasing an additional 1,135 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in Regency Centers by 318.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,538 shares of the company’s stock valued at $185,000 after purchasing an additional 1,931 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in Regency Centers during the 3rd quarter worth $4,798,000. Danske Bank A S purchased a new stake in Regency Centers during the 3rd quarter worth $10,443,000. Finally, Advisory Services Network LLC acquired a new position in Regency Centers in the 3rd quarter worth $48,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

REG has been the subject of a number of analyst reports. KeyCorp reissued a “sector weight” rating on shares of Regency Centers in a research report on Thursday, December 4th. Citigroup boosted their price target on Regency Centers from $75.00 to $76.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 10th. UBS Group set a $76.00 price target on Regency Centers in a report on Wednesday, January 14th. Weiss Ratings upgraded Regency Centers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 17th. Finally, Jefferies Financial Group set a $79.00 price objective on Regency Centers in a report on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.14.

Regency Centers Price Performance

Shares of REG stock opened at $74.30 on Friday. The firm has a fifty day moving average of $75.50 and a two-hundred day moving average of $72.09. The firm has a market cap of $13.60 billion, a P/E ratio of 26.54, a P/E/G ratio of 3.20 and a beta of 0.91. Regency Centers Corporation has a 1-year low of $63.44 and a 1-year high of $79.89. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.05 and a quick ratio of 1.05.

Regency Centers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be paid a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Wednesday, March 11th. Regency Centers’s dividend payout ratio (DPR) is 107.86%.

Insiders Place Their Bets

In related news, Chairman Martin E. Stein, Jr. sold 38,000 shares of the business’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $77.21, for a total value of $2,933,980.00. Following the completion of the sale, the chairman directly owned 157,892 shares of the company’s stock, valued at $12,190,841.32. The trade was a 19.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 177,490 shares of company stock valued at $13,839,932 over the last three months. 1.00% of the stock is owned by 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.