Vanguard Discloses 16.7% Stake in Regency Centers Corp.
Ticker: REGCP · Form: SC 13G/A · Filed: Feb 13, 2024 · CIK: 910606
| Field | Detail |
|---|---|
| Company | Regency Centers Corp (REGCP) |
| Form Type | SC 13G/A |
| Filed Date | Feb 13, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investing, real-estate, amendment
TL;DR
**Vanguard owns 16.7% of Regency Centers, a big vote of confidence from a major player.**
AI Summary
The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, indicating its ownership stake in Regency Centers Corp. As of December 29, 2023, Vanguard reported beneficial ownership of 28,157,015 shares of Regency Centers' Common Stock, representing 16.7% of the company. This filing is an update to their previous disclosures, showing a significant, albeit passive, institutional holding in the real estate investment trust (REIT). For investors, this means a large, stable institutional investor maintains a substantial position, which can signal confidence in the company's long-term prospects.
Why It Matters
This filing confirms that a major institutional investor, The Vanguard Group, holds a significant portion of Regency Centers Corp. stock, which can influence stock stability and investor perception.
Risk Assessment
Risk Level: low — The filing indicates a passive ownership stake by a large institutional investor, which generally reduces volatility and signals stability.
Analyst Insight
Investors should note Vanguard's continued substantial, passive ownership as a sign of long-term institutional confidence in Regency Centers Corp. This suggests stability but doesn't imply any immediate catalysts for price movement.
Key Numbers
- 28,157,015 — Shares Beneficially Owned (Represents the total number of Common Stock shares of Regency Centers Corp. held by The Vanguard Group.)
- 16.7% — Percentage of Class (Indicates the significant portion of Regency Centers Corp.'s Common Stock owned by The Vanguard Group, as of December 29, 2023.)
Key Players & Entities
- The Vanguard Group (company) — Reporting Person, beneficial owner of shares
- Regency Centers Corp (company) — Subject Company, issuer of the securities
- 28,157,015 (dollar_amount) — number of shares beneficially owned by Vanguard
- 16.7% (dollar_amount) — percentage of class beneficially owned by Vanguard
- December 29, 2023 (date) — Date of Event Which Requires Filing of this Statement
- February 13, 2024 (date) — Date the SC 13G/A was filed
Forward-Looking Statements
- Vanguard will likely maintain a significant, passive stake in Regency Centers Corp. for the foreseeable future. (The Vanguard Group) — high confidence, target: 2025-12-31
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting person is The Vanguard Group, as stated in Item 1 of the Schedule 13G/A, with IRS Identification No. 23-1945930.
What is the subject company whose securities are being reported on?
The subject company is Regency Centers Corp, as identified in the 'Name of issuer' section of the Schedule 13G/A.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Regency Centers Corp is 758849103, as listed in the filing.
As of what date did the event requiring this filing occur?
The date of the event which requires the filing of this statement was December 29, 2023, as specified in the filing.
Under which rule is this Schedule 13G/A filed?
This Schedule 13G/A is filed under Rule 13d-1(b), as indicated by the checked box in the filing.
Filing Stats: 810 words · 3 min read · ~3 pages · Grade level 11.5 · Accepted 2024-02-13 17:12:22
Filing Documents
- tv01799-regencycenterscorp.htm (SC 13G/A) — 11KB
- 0001104659-24-021813.txt ( ) — 13KB
(a) - Name of Issuer
Item 1(a) - Name of Issuer: Regency Centers Corp
(b) - Address of Issuer's Principal Executive Offices
Item 1(b) - Address of Issuer's Principal Executive Offices: 1 Independent Drive, Suite 114 Jacksonville, FL 32202-5019
(a) - Name of Person Filing
Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930
(b) – Address of Principal Business Office or, if none, residence
Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355
(c) – Citizenship
Item 2(c) – Citizenship: Pennsylvania
(d) - Title of Class of Securities
Item 2(d) - Title of Class of Securities: Common Stock
(e) - CUSIP Number
Item 2(e) - CUSIP Number 758849103
- Type of Filing
Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).
- Ownership
Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.
- Ownership of Five Percent or Less of a Class
Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following
- Ownership of More Than Five Percent on Behalf of Another Person
Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable
- Identification and Classification of Members of Group
Item 8 - Identification and Classification of Members of Group: Not applicable
- Notice of Dissolution of Group
Item 9 - Notice of Dissolution of Group: Not applicable
- Certification
Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration