Hsbc Holdings PLC Acquires 86,616 Shares of Regency Centers Corporation $REG

Hsbc Holdings PLC increased its position in Regency Centers Corporation (NASDAQ:REG) by 6.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,377,387 shares of the company’s stock after purchasing an additional 86,616 shares during the quarter. Hsbc Holdings PLC’s holdings in Regency Centers were worth $104,305,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Havemeyer Place LP purchased a new stake in Regency Centers during the fourth quarter worth $26,000. Brown Brothers Harriman & Co. increased its holdings in shares of Regency Centers by 63.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock valued at $30,000 after acquiring an additional 157 shares during the period. CYBER HORNET ETFs LLC bought a new position in shares of Regency Centers in the 2nd quarter worth $31,000. Hantz Financial Services Inc. raised its position in shares of Regency Centers by 388.9% in the 4th quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock worth $30,000 after acquiring an additional 350 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new position in shares of Regency Centers in the 2nd quarter worth $34,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Insider Activity at Regency Centers

In other news, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the firm’s stock in a transaction that occurred 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 sale, the insider owned 33,069 shares of the company’s stock, valued at $2,614,435.14. This trade represents a 19.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Terah L. Devereaux sold 1,240 shares of Regency Centers stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $80.14, for a total transaction of $99,373.60. Following the transaction, the insider directly owned 17,990 shares of the company’s stock, valued at approximately $1,441,718.60. This trade represents a 6.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 283,782 shares of company stock worth $22,255,898. 1.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on REG shares. UBS Group raised their price objective on Regency Centers from $81.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. BTIG Research restated a “buy” rating and issued a $85.00 target price on shares of Regency Centers in a research note on Friday, June 12th. Wells Fargo & Company upped their target price on Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Barclays increased their price target on shares of Regency Centers from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 price target for the company. in a research report on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $82.94.

Regency Centers Stock Performance

NASDAQ REG opened at $82.68 on Monday. The stock has a 50-day simple moving average of $78.85 and a two-hundred day simple moving average of $76.71. The firm has a market capitalization of $15.14 billion, a P/E ratio of 28.51, a PEG ratio of 3.50 and a beta of 0.80. Regency Centers Corporation has a fifty-two week low of $66.86 and a fifty-two week high of $83.66. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.14 and a current ratio of 2.14.

Regency Centers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were issued a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Friday, June 12th. Regency Centers’s dividend payout ratio (DPR) is 104.14%.

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.