Regency Centers Corporation $REG Shares Sold by Andra AP fonden

Andra AP fonden trimmed its position in shares of Regency Centers Corporation (NASDAQ:REG) by 24.1% in the third quarter, HoldingsChannel reports. The firm owned 168,400 shares of the company’s stock after selling 53,600 shares during the period. Andra AP fonden’s holdings in Regency Centers were worth $12,276,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Norges Bank acquired a new position in shares of Regency Centers during the second quarter valued at approximately $1,219,335,000. State Street Corp boosted its holdings in shares of Regency Centers by 2.2% in the second 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 grew its position in Regency Centers by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 4,786,646 shares of the company’s stock worth $339,669,000 after purchasing an additional 65,719 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Regency Centers by 3.3% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,426,163 shares of the company’s stock valued at $172,816,000 after buying an additional 77,978 shares during the period. Finally, Legal & General Group Plc lifted its position in shares of Regency Centers by 1.6% in the second quarter. Legal & General Group Plc now owns 1,774,056 shares of the company’s stock worth $126,366,000 after purchasing an additional 27,507 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on REG shares. Robert W. Baird set a $84.00 price target on Regency Centers in a research note on Tuesday, February 10th. Royal Bank Of Canada raised shares of Regency Centers to a “sector perform” rating in a research report on Friday, January 9th. Deutsche Bank Aktiengesellschaft raised Regency Centers from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research report on Tuesday, January 20th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $76.00 price objective (down from $81.00) on shares of Regency Centers in a report on Thursday, December 18th. Finally, KeyCorp restated a “sector weight” rating on shares of Regency Centers in a report on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Regency Centers has an average rating of “Moderate Buy” and a consensus price target of $78.79.

Insider Buying and Selling

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 10,000 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $76.30, for a total transaction of $763,000.00. Following the sale, the chairman directly owned 272,133 shares of the company’s stock, valued at approximately $20,763,747.90. This represents a 3.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by company insiders.

Regency Centers Price Performance

Shares of REG stock opened at $79.00 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.05 and a quick ratio of 1.05. The stock’s fifty day simple moving average is $72.56 and its 200 day simple moving average is $71.42. Regency Centers Corporation has a one year low of $63.44 and a one year high of $79.08. The firm has a market cap of $14.45 billion, a price-to-earnings ratio of 28.21, a P/E/G ratio of 3.38 and a beta of 0.94.

Regency Centers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be issued a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Wednesday, March 11th. Regency Centers’s dividend payout ratio (DPR) is currently 107.86%.

Regency Centers 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.