Andra AP fonden Sells 53,600 Shares of Regency Centers Corporation $REG

Andra AP fonden lessened its stake in Regency Centers Corporation (NASDAQ:REG) by 24.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 168,400 shares of the company’s stock after selling 53,600 shares during the quarter. Andra AP fonden owned approximately 0.09% of Regency Centers worth $12,276,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Regency Centers in the second quarter worth approximately $1,219,335,000. State Street Corp increased its holdings in shares of Regency Centers by 2.2% in the 2nd quarter. State Street Corp now owns 12,035,961 shares of the company’s stock valued at $865,625,000 after acquiring an additional 262,551 shares during the period. Geode Capital Management LLC raised its holdings in Regency Centers by 1.4% in the second 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. boosted its stake in Regency Centers by 3.3% in 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 acquiring an additional 77,978 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Regency Centers by 1.6% in the 2nd 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.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Mizuho reiterated a “neutral” rating and set a $74.00 price target (down from $77.00) on shares of Regency Centers in a research note on Friday, January 9th. Deutsche Bank Aktiengesellschaft upgraded Regency Centers from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research report on Tuesday, January 20th. Jefferies Financial Group set a $79.00 target price on shares of Regency Centers in a research report on Monday, December 15th. Robert W. Baird set a $84.00 target price on shares of Regency Centers in a research note on Tuesday, February 10th. Finally, Scotiabank dropped their price target on Regency Centers from $78.00 to $76.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 14th. One research 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $78.79.

Regency Centers Stock Up 0.7%

Regency Centers stock opened at $79.00 on Friday. The stock has a 50-day simple moving average of $72.56 and a 200-day simple moving average of $71.42. The company has a market capitalization of $14.45 billion, a P/E ratio of 28.21, a PEG ratio of 3.38 and a beta of 0.94. Regency Centers Corporation has a fifty-two week low of $63.44 and a fifty-two week high of $79.08. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.05 and a current ratio of 1.05.

Regency Centers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be paid a $0.755 dividend. 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 presently 107.86%.

Insider Buying and Selling at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 10,000 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $76.30, for a total value of $763,000.00. Following the sale, the chairman directly owned 272,133 shares in the company, valued at $20,763,747.90. This represents a 3.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

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.