Boothbay Fund Management LLC Purchases 150,290 Shares of Regency Centers Corporation $REG

Boothbay Fund Management LLC raised its position in shares of Regency Centers Corporation (NASDAQ:REG) by 3,546.2% in the fourth quarter, HoldingsChannel reports. The firm owned 154,528 shares of the company’s stock after buying an additional 150,290 shares during the quarter. Boothbay Fund Management LLC’s holdings in Regency Centers were worth $10,667,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the company. Norges Bank bought a new stake in shares of Regency Centers during the 4th quarter valued at about $1,183,667,000. State Street Corp grew its stake in shares of Regency Centers by 1.4% during the 4th quarter. State Street Corp now owns 12,572,876 shares of the company’s stock valued at $877,261,000 after purchasing an additional 168,884 shares during the period. Geode Capital Management LLC grew its stake in shares of Regency Centers by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 4,915,089 shares of the company’s stock valued at $338,110,000 after purchasing an additional 67,739 shares during the period. Boston Partners grew its stake in shares of Regency Centers by 2.1% during the 3rd quarter. Boston Partners now owns 3,540,137 shares of the company’s stock valued at $258,062,000 after purchasing an additional 72,584 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Regency Centers by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,600,693 shares of the company’s stock valued at $179,529,000 after purchasing an additional 39,360 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Insider Activity at Regency Centers

In related news, insider Terah L. Devereaux sold 1,240 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $80.14, for a total transaction of $99,373.60. Following the completion of the transaction, the insider directly owned 17,990 shares in the company, valued at approximately $1,441,718.60. The trade was a 6.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $79.06, for a total value of $626,708.62. Following the completion of the transaction, the insider owned 33,069 shares of the company’s stock, valued at $2,614,435.14. The trade was a 19.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 283,782 shares of company stock worth $22,255,898. 1.00% of the stock is owned by company insiders.

Regency Centers Trading Down 1.9%

Shares of NASDAQ:REG opened at $77.37 on Thursday. The stock has a 50 day moving average of $78.51 and a 200 day moving average of $74.99. The company has a market cap of $14.17 billion, a PE ratio of 26.68, a price-to-earnings-growth ratio of 3.35 and a beta of 0.81. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.72. Regency Centers Corporation has a 12-month low of $66.86 and a 12-month high of $81.66.

Regency Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 12th will be paid a dividend of $0.755 per share. The ex-dividend date is Friday, June 12th. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.9%. Regency Centers’s payout ratio is 104.14%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on REG shares. Citigroup boosted their price target on Regency Centers from $76.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft downgraded Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 price objective for the company. in a research note on Friday, May 29th. Wells Fargo & Company boosted their price objective on Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Morgan Stanley boosted their price objective on Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Finally, Scotiabank boosted their price objective on Regency Centers from $76.00 to $82.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $82.27.

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.