Regency Centers Corporation $REG Shares Sold by Swiss National Bank

Swiss National Bank decreased its holdings in Regency Centers Corporation (NASDAQ:REG) by 4.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 497,028 shares of the company’s stock after selling 25,000 shares during the quarter. Swiss National Bank’s holdings in Regency Centers were worth $36,233,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of REG. CYBER HORNET ETFs LLC acquired a new stake in shares of Regency Centers in the second quarter valued at $31,000. Steigerwald Gordon & Koch Inc. purchased a new position in Regency Centers in the third quarter valued at $33,000. MUFG Securities EMEA plc acquired a new position in Regency Centers during the 2nd quarter worth $34,000. Financial Consulate Inc. acquired a new position in Regency Centers during the 3rd quarter worth $38,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Regency Centers by 233.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 570 shares of the company’s stock worth $41,000 after purchasing an additional 399 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on REG shares. Citigroup increased their price target on Regency Centers from $75.00 to $76.00 and gave the company a “neutral” rating in a research report on Tuesday, February 10th. Robert W. Baird set a $84.00 target price on shares of Regency Centers in a research note on Tuesday, February 10th. Truist Financial raised their target price on shares of Regency Centers from $77.00 to $84.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Scotiabank decreased their price target on shares of Regency Centers from $78.00 to $76.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 14th. Finally, Barclays boosted their price target on shares of Regency Centers from $82.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, March 2nd. One 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $79.50.

Insider Buying and Selling at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 38,000 shares of the business’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $77.21, for a total value of $2,933,980.00. Following the completion of the sale, the chairman directly owned 157,892 shares of the company’s stock, valued at approximately $12,190,841.32. The trade was a 19.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders sold 177,490 shares of company stock valued at $13,839,932. 1.00% of the stock is currently owned by insiders.

Regency Centers Stock Up 0.5%

NASDAQ:REG traded up $0.36 during midday trading on Friday, hitting $76.91. 93,807 shares of the company were exchanged, compared to its average volume of 1,324,851. Regency Centers Corporation has a fifty-two week low of $63.44 and a fifty-two week high of $79.89. The company has a market capitalization of $14.07 billion, a PE ratio of 27.44, a price-to-earnings-growth ratio of 3.34 and a beta of 0.91. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.68. The company has a fifty day simple moving average of $74.22 and a 200 day simple moving average of $71.87.

Regency Centers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be given a dividend of $0.755 per share. The ex-dividend date is Wednesday, March 11th. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.9%. Regency Centers’s payout ratio is 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.