Goldman Sachs Group Inc. Grows Stock Holdings in Regency Centers Corporation $REG

Goldman Sachs Group Inc. lifted its position in shares of Regency Centers Corporation (NASDAQ:REG) by 75.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,806,165 shares of the company’s stock after purchasing an additional 775,609 shares during the period. Goldman Sachs Group Inc.’s holdings in Regency Centers were worth $124,680,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Hantz Financial Services Inc. lifted its position in shares of Regency Centers by 388.9% during the 4th quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock worth $30,000 after purchasing an additional 350 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position in shares of Regency Centers by 63.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock worth $30,000 after purchasing an additional 157 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of Regency Centers during the 2nd quarter worth $31,000. MUFG Securities EMEA plc purchased a new stake in shares of Regency Centers during the 2nd quarter worth $34,000. Finally, Creative Financial Designs Inc. ADV lifted its position in shares of Regency Centers by 56.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 571 shares of the company’s stock worth $39,000 after purchasing an additional 205 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Regency Centers Price Performance

Shares of REG opened at $77.56 on Tuesday. Regency Centers Corporation has a 1-year low of $66.86 and a 1-year high of $81.66. The stock has a market cap of $14.20 billion, a PE ratio of 26.74, a price-to-earnings-growth ratio of 3.29 and a beta of 0.81. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.14 and a quick ratio of 2.14. The firm has a fifty day moving average price of $78.02 and a 200 day moving average price of $74.55.

Regency Centers Dividend Announcement

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 $0.755 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $3.02 dividend on an annualized basis and a yield of 3.9%. Regency Centers’s payout ratio is 104.14%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. UBS Group lifted their price objective on shares of Regency Centers from $75.00 to $81.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Morgan Stanley lifted their price objective on shares of Regency Centers from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Regency Centers in a research report on Friday, May 29th. Citigroup lifted their price objective on shares of Regency Centers from $76.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Finally, Truist Financial lifted their price objective on shares of Regency Centers from $77.00 to $84.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $82.07.

Insiders Place Their Bets

In related news, Chairman Martin E. Stein, Jr. sold 274,615 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $78.40, for a total value of $21,529,816.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $79.06, for a total transaction of $626,708.62. Following the completion of the sale, the insider directly owned 33,069 shares of the company’s stock, valued at approximately $2,614,435.14. This trade represents a 19.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 320,542 shares of company stock valued at $25,090,505. 1.00% of the stock is owned by corporate insiders.

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.