Regency Centers Corporation $REG Shares Sold by Tredje AP fonden

Tredje AP fonden lowered its position in shares of Regency Centers Corporation (NASDAQ:REG) by 78.7% in the third quarter, HoldingsChannel.com reports. The fund owned 2,932 shares of the company’s stock after selling 10,853 shares during the quarter. Tredje AP fonden’s holdings in Regency Centers were worth $214,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in shares of Regency Centers in the second quarter worth about $1,219,335,000. State Street Corp increased its holdings in Regency Centers by 2.2% in the 2nd quarter. State Street Corp now owns 12,035,961 shares of the company’s stock worth $865,625,000 after buying an additional 262,551 shares during the period. Geode Capital Management LLC increased its holdings in Regency Centers by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 4,786,646 shares of the company’s stock worth $339,669,000 after buying an additional 65,719 shares during the period. Charles Schwab Investment Management Inc. raised its position in Regency Centers by 3.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,426,163 shares of the company’s stock worth $172,816,000 after buying an additional 77,978 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in Regency Centers by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 1,774,056 shares of the company’s stock valued at $126,366,000 after acquiring an additional 27,507 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on REG. Mizuho reiterated a “neutral” rating and issued a $74.00 price objective (down previously from $77.00) on shares of Regency Centers in a research note on Friday, January 9th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $76.00 price target (down from $81.00) on shares of Regency Centers in a report on Thursday, December 18th. Royal Bank Of Canada upgraded Regency Centers to a “sector perform” rating in a research note on Friday, January 9th. Barclays raised Regency Centers from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $83.00 to $82.00 in a report on Tuesday, November 18th. Finally, Jefferies Financial Group set a $79.00 target price on Regency Centers in a research note on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $78.79.

Regency Centers Trading Up 1.2%

Shares of Regency Centers stock opened at $77.78 on Tuesday. Regency Centers Corporation has a fifty-two week low of $63.44 and a fifty-two week high of $78.25. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $14.23 billion, a P/E ratio of 27.78, a price-to-earnings-growth ratio of 3.31 and a beta of 0.94. The firm has a 50-day simple moving average of $71.74 and a two-hundred day simple moving average of $71.24.

Regency Centers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be issued a $0.755 dividend. This represents a $3.02 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, March 11th. Regency Centers’s dividend payout ratio (DPR) is presently 107.86%.

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.