Regency Centers Co. (NASDAQ:REG) Shares Sold by Handelsinvest Investeringsforvaltning

Handelsinvest Investeringsforvaltning decreased its stake in Regency Centers Co. (NASDAQ:REG) by 34.2% in the 1st quarter, Holdings Channel reports. The firm owned 4,035 shares of the company’s stock after selling 2,095 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in Regency Centers were worth $244,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Norges Bank acquired a new position in Regency Centers during the fourth quarter worth about $1,140,242,000. Vanguard Group Inc. raised its position in Regency Centers by 6.2% during the third quarter. Vanguard Group Inc. now owns 28,378,732 shares of the company’s stock worth $1,686,832,000 after acquiring an additional 1,645,784 shares during the last quarter. JPMorgan Chase & Co. raised its position in Regency Centers by 22.0% during the third quarter. JPMorgan Chase & Co. now owns 5,348,492 shares of the company’s stock worth $317,914,000 after acquiring an additional 964,488 shares during the last quarter. Russell Investments Group Ltd. raised its position in Regency Centers by 46.6% during the fourth quarter. Russell Investments Group Ltd. now owns 591,246 shares of the company’s stock worth $39,658,000 after acquiring an additional 188,033 shares during the last quarter. Finally, UBS Group AG raised its position in Regency Centers by 117.0% during the fourth quarter. UBS Group AG now owns 270,748 shares of the company’s stock worth $18,140,000 after acquiring an additional 145,953 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Regency Centers Stock Up 0.4 %

Shares of NASDAQ REG traded up $0.22 on Wednesday, hitting $62.22. The company had a trading volume of 28,490 shares, compared to its average volume of 1,171,990. The firm has a market capitalization of $11.50 billion, a P/E ratio of 30.24, a PEG ratio of 4.54 and a beta of 1.21. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.64. Regency Centers Co. has a 12-month low of $56.29 and a 12-month high of $68.47. The business has a 50 day moving average of $60.42 and a two-hundred day moving average of $61.40.

Regency Centers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 12th will be paid a dividend of $0.67 per share. The ex-dividend date is Wednesday, June 12th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 4.31%. Regency Centers’s dividend payout ratio is currently 130.73%.

Wall Street Analysts Forecast Growth

REG has been the subject of a number of analyst reports. Mizuho boosted their price objective on shares of Regency Centers from $60.00 to $61.00 and gave the company a “neutral” rating in a research report on Thursday, May 23rd. Scotiabank cut their price objective on shares of Regency Centers from $68.00 to $65.00 and set a “sector perform” rating for the company in a research report on Thursday, May 16th. Finally, Truist Financial cut their price objective on shares of Regency Centers from $72.00 to $70.00 and set a “buy” rating for the company in a research report on Monday, May 20th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $70.09.

Regency Centers Profile

Regency Centers is a preeminent national owner, operator, and developer of shopping centers located in suburban trade areas with compelling demographics. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers.