Regency Centers Corporation $REG Shares Sold by Andra AP fonden

Andra AP fonden cut its position in shares of Regency Centers Corporation (NASDAQ:REG) by 83.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,717 shares of the company’s stock after selling 129,583 shares during the quarter. Andra AP fonden’s holdings in Regency Centers were worth $1,946,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of REG. Norges Bank acquired a new stake in Regency Centers during the 4th quarter worth approximately $1,183,667,000. Principal Financial Group Inc. lifted its position in Regency Centers by 10.3% during the first quarter. Principal Financial Group Inc. now owns 10,004,796 shares of the company’s stock valued at $756,967,000 after buying an additional 931,272 shares in the last quarter. PFA Pension Forsikringsaktieselskab acquired a new position in Regency Centers during the fourth quarter valued at approximately $56,480,000. Goldman Sachs Group Inc. grew its stake in 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 during the period. Finally, AQR Capital Management LLC grew its stake in Regency Centers by 364.9% during the fourth quarter. AQR Capital Management LLC now owns 842,037 shares of the company’s stock worth $58,126,000 after buying an additional 660,896 shares during the period. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on REG shares. Citigroup increased their price objective on shares of Regency Centers from $76.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Morgan Stanley upped their price target on shares of Regency Centers from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Regency Centers in a report on Friday, May 29th. BTIG Research reissued a “buy” rating and issued a $85.00 price objective on shares of Regency Centers in a research report on Friday, June 12th. Finally, UBS Group boosted their price objective on Regency Centers from $81.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, Regency Centers currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.06.

Regency Centers Stock Performance

NASDAQ:REG opened at $81.18 on Friday. The firm has a 50-day moving average of $79.22 and a two-hundred day moving average of $77.07. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.14 and a quick ratio of 2.14. The stock has a market cap of $14.86 billion, a P/E ratio of 27.99, a PEG ratio of 3.49 and a beta of 0.80. Regency Centers Corporation has a 1-year low of $66.86 and a 1-year high of $83.66.

Regency Centers Announces Dividend

The firm also recently declared 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 of this dividend was Friday, June 12th. This represents a $3.02 dividend on an annualized basis and a yield of 3.7%. Regency Centers’s dividend payout ratio is currently 104.14%.

Insider Buying and Selling at Regency Centers

In other Regency Centers news, insider Terah L. Devereaux sold 1,240 shares of Regency Centers stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $80.14, for a total transaction of $99,373.60. Following the sale, the insider directly owned 17,990 shares in the company, valued at $1,441,718.60. The trade was a 6.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Martin E. Stein, Jr. sold 274,615 shares of Regency Centers stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $78.40, for a total value 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 worth $22,255,898 in the last 90 days. 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.