Regency Centers Corporation $REG Shares Purchased by Royal Bank of Canada

Royal Bank of Canada boosted its stake in Regency Centers Corporation (NASDAQ:REG) by 45.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 189,131 shares of the company’s stock after buying an additional 59,496 shares during the quarter. Royal Bank of Canada’s holdings in Regency Centers were worth $14,310,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its stake in Regency Centers by 1.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 137,908 shares of the company’s stock worth $10,434,000 after buying an additional 1,349 shares in the last quarter. Quantinno Capital Management LP increased its position in shares of Regency Centers by 36.4% during the first quarter. Quantinno Capital Management LP now owns 568,659 shares of the company’s stock worth $43,025,000 after purchasing an additional 151,832 shares in the last quarter. OMERS ADMINISTRATION Corp raised its stake in Regency Centers by 29.5% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 8,152 shares of the company’s stock valued at $617,000 after purchasing an additional 1,857 shares during the last quarter. Renaissance Technologies LLC raised its stake in Regency Centers by 21.7% in the 1st quarter. Renaissance Technologies LLC now owns 549,695 shares of the company’s stock valued at $41,590,000 after purchasing an additional 97,900 shares during the last quarter. Finally, Compound Planning Inc. lifted its holdings in Regency Centers by 36.6% in the 1st quarter. Compound Planning Inc. now owns 4,632 shares of the company’s stock valued at $350,000 after purchasing an additional 1,242 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Regency Centers Trading Up 0.2%

REG opened at $77.12 on Friday. The stock has a market capitalization of $14.12 billion, a PE ratio of 26.14, a P/E/G ratio of 3.22 and a beta of 0.80. Regency Centers Corporation has a one year low of $66.86 and a one year high of $83.66. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.14 and a current ratio of 1.25. The business’s 50 day moving average price is $79.66 and its 200 day moving average price is $77.79.

Regency Centers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be paid a $0.755 dividend. This represents a $3.02 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, September 11th. Regency Centers’s dividend payout ratio is 102.37%.

Insider Activity

In other Regency Centers news, insider Terah L. Devereaux sold 1,240 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $80.14, for a total value of $99,373.60. Following the transaction, the insider owned 17,990 shares of the company’s stock, valued at $1,441,718.60. This represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

REG has been the topic of several recent research reports. LADENBURG THALM/SH SH lifted their target price on shares of Regency Centers from $83.00 to $85.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Morgan Stanley boosted their price target 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. Citigroup upped their price objective on shares of Regency Centers from $76.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Jefferies Financial Group upgraded shares of Regency Centers to a “strong-buy” rating in a report on Friday, June 26th. Finally, BTIG Research restated a “buy” rating and set a $85.00 target price on shares of Regency Centers in a report on Friday, June 12th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.75.

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.