Fjarde AP Fonden Fourth Swedish National Pension Fund Has $6.79 Million Stake in Regency Centers Corporation $REG

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Regency Centers Corporation (NASDAQ:REG) by 81.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 89,710 shares of the company’s stock after purchasing an additional 40,150 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Regency Centers were worth $6,787,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of REG. Inspire Investing LLC lifted its holdings in Regency Centers by 0.6% during the first quarter. Inspire Investing LLC now owns 22,480 shares of the company’s stock worth $1,701,000 after acquiring an additional 141 shares in the last quarter. Norinchukin Bank The increased its stake in Regency Centers by 0.8% during the 3rd quarter. Norinchukin Bank The now owns 17,730 shares of the company’s stock worth $1,293,000 after purchasing an additional 147 shares in the last quarter. Telos Capital Management Inc. increased its stake in Regency Centers by 2.9% during the 4th quarter. Telos Capital Management Inc. now owns 5,378 shares of the company’s stock worth $371,000 after purchasing an additional 153 shares in the last quarter. Brown Brothers Harriman & Co. raised its holdings in Regency Centers by 63.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock worth $30,000 after buying an additional 157 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Regency Centers by 12.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,437 shares of the company’s stock worth $102,000 after acquiring an additional 162 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

REG has been the topic of a number of recent research reports. Barclays lifted their target price on Regency Centers from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Raymond James Financial reiterated an “outperform” rating and issued a $88.00 price target on shares of Regency Centers in a research note on Monday, June 29th. UBS Group lifted their price objective on shares of Regency Centers from $75.00 to $81.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. Citigroup boosted their price target on Regency Centers from $76.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Finally, Morgan Stanley upped their price objective on shares of Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, Regency Centers currently has an average rating of “Moderate Buy” and an average price target of $82.62.

Regency Centers Price Performance

Shares of REG opened at $80.96 on Monday. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.72. Regency Centers Corporation has a 12 month low of $66.86 and a 12 month high of $81.93. The firm’s 50 day moving average is $78.59 and its 200-day moving average is $75.88. The stock has a market capitalization of $14.82 billion, a PE ratio of 27.92, a P/E/G ratio of 3.43 and a beta of 0.80.

Regency Centers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were given a $0.755 dividend. The ex-dividend date was Friday, June 12th. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.7%. Regency Centers’s dividend payout ratio (DPR) is presently 104.14%.

Insider Activity at Regency Centers

In related news, insider Terah L. Devereaux sold 1,240 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $80.14, for a total transaction of $99,373.60. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Martin E. Stein, Jr. sold 274,615 shares of the 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 283,782 shares of company stock valued at $22,255,898 over the last quarter. 1.00% of the stock is owned by corporate insiders.

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.