Nomura Asset Management Co. Ltd. Buys 10,745 Shares of Regency Centers Corporation $REG

Nomura Asset Management Co. Ltd. lifted its stake in shares of Regency Centers Corporation (NASDAQ:REG) by 3.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 311,562 shares of the company’s stock after purchasing an additional 10,745 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Regency Centers were worth $21,507,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norinchukin Bank The boosted its position in shares of Regency Centers by 0.8% in the third quarter. Norinchukin Bank The now owns 17,730 shares of the company’s stock valued at $1,293,000 after acquiring an additional 147 shares during the period. Telos Capital Management Inc. boosted its position in shares of Regency Centers by 2.9% in the fourth quarter. Telos Capital Management Inc. now owns 5,378 shares of the company’s stock valued at $371,000 after acquiring an additional 153 shares during the period. Brown Brothers Harriman & Co. boosted its position in shares of Regency Centers by 63.1% in the third 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. Jones Financial Companies Lllp boosted its position in shares of Regency Centers by 13.9% in the third quarter. Jones Financial Companies Lllp now owns 1,293 shares of the company’s stock valued at $92,000 after acquiring an additional 158 shares during the period. Finally, Cibc World Market Inc. boosted its position in shares of Regency Centers by 0.4% in the third quarter. Cibc World Market Inc. now owns 43,561 shares of the company’s stock valued at $3,176,000 after acquiring an additional 161 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on REG shares. Deutsche Bank Aktiengesellschaft lowered shares of Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 price objective for the company. in a research report on Friday. Barclays raised their price objective on shares of Regency Centers from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Wells Fargo & Company raised their price objective on shares of Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Weiss Ratings restated a “buy (b)” rating on shares of Regency Centers in a research report on Friday. Finally, Robert W. Baird set a $84.00 price objective on shares of Regency Centers in a research report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $82.07.

Insider Activity at Regency Centers

In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of Regency Centers 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 completion of the sale, the insider directly owned 33,069 shares in the company, valued at $2,614,435.14. The trade was a 19.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 274,615 shares of Regency Centers stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $78.40, for a total transaction of $21,529,816.00. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 450,032 shares of company stock valued at $35,233,456. 1.00% of the stock is currently owned by company insiders.

Regency Centers Trading Down 1.6%

Shares of Regency Centers stock opened at $76.14 on Tuesday. Regency Centers Corporation has a 1 year low of $66.86 and a 1 year high of $81.66. The firm has a market cap of $13.94 billion, a PE ratio of 26.26, a PEG ratio of 3.28 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 company has a 50 day simple moving average of $77.79 and a two-hundred day simple moving average of $74.30.

Regency Centers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be given a dividend of $0.755 per share. The ex-dividend date is Friday, June 12th. This represents a $3.02 annualized dividend and a yield of 4.0%. Regency Centers’s payout ratio is presently 104.14%.

Regency Centers Company 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.