Regency Centers Corporation $REG Shares Sold by Swedbank AB

Swedbank AB reduced its stake in Regency Centers Corporation (NASDAQ:REG) by 17.7% during the 1st quarter, Holdings Channel reports. The fund owned 190,741 shares of the company’s stock after selling 40,919 shares during the period. Swedbank AB’s holdings in Regency Centers were worth $14,431,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in REG. Norges Bank acquired a new position in Regency Centers in the 4th quarter valued at about $1,183,667,000. PFA Pension Forsikringsaktieselskab purchased a new stake in shares of Regency Centers during the fourth quarter worth about $56,480,000. Goldman Sachs Group Inc. grew its holdings in shares of Regency Centers by 75.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,806,165 shares of the company’s stock worth $124,680,000 after buying an additional 775,609 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Regency Centers by 364.9% in the fourth quarter. AQR Capital Management LLC now owns 842,037 shares of the company’s stock valued at $58,126,000 after buying an additional 660,896 shares during the last quarter. Finally, Alyeska Investment Group L.P. purchased a new position in shares of Regency Centers during the third quarter valued at approximately $47,563,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Insider Buying and Selling at Regency Centers

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 274,615 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $78.40, for a total transaction of $21,529,816.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Terah L. Devereaux sold 1,240 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $80.14, for a total value of $99,373.60. Following the sale, 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 SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 283,782 shares of company stock valued at $22,255,898. Company insiders own 1.00% of the company’s stock.

Regency Centers Stock Down 0.4%

Shares of REG opened at $79.44 on Friday. The firm has a market cap of $14.55 billion, a PE ratio of 27.39, a price-to-earnings-growth ratio of 3.38 and a beta of 0.80. The company’s fifty day moving average is $78.56 and its two-hundred day moving average is $76.22. Regency Centers Corporation has a fifty-two week low of $66.86 and a fifty-two week high of $81.93. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.72.

Regency Centers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were issued a $0.755 dividend. The ex-dividend date was Friday, June 12th. This represents a $3.02 dividend on an annualized basis and a yield of 3.8%. Regency Centers’s dividend payout ratio (DPR) is presently 104.14%.

Wall Street Analyst Weigh In

REG has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft lowered shares of Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 target price on the stock. in a research report on Friday, May 29th. Weiss Ratings restated a “buy (b)” rating on shares of Regency Centers in a report on Friday, May 29th. Evercore set a $81.00 price objective on Regency Centers in a research report on Tuesday. UBS Group upped their target price on Regency Centers from $81.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Barclays increased their target price on Regency Centers from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, Regency Centers currently has an average rating of “Moderate Buy” and an average price target of $82.94.

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.