Regency Centers Co. (NASDAQ:REG) Shares Sold by Tredje AP fonden

Tredje AP fonden cut its holdings in shares of Regency Centers Co. (NASDAQ:REG) by 1.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,569 shares of the company’s stock after selling 431 shares during the quarter. Tredje AP fonden’s holdings in Regency Centers were worth $1,715,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Regency Centers by 3.0% in the first quarter. Vanguard Group Inc. now owns 28,889,033 shares of the company’s stock worth $1,749,520,000 after buying an additional 830,572 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Regency Centers by 10.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,048,753 shares of the company’s stock valued at $547,995,000 after buying an additional 873,062 shares in the last quarter. Principal Financial Group Inc. grew its stake in Regency Centers by 4.2% in the 2nd quarter. Principal Financial Group Inc. now owns 8,922,988 shares of the company’s stock valued at $555,009,000 after acquiring an additional 357,091 shares during the period. Boston Partners lifted its holdings in Regency Centers by 4.1% during the first quarter. Boston Partners now owns 4,192,951 shares of the company’s stock valued at $253,902,000 after purchasing an additional 166,354 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Regency Centers by 4.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,641,921 shares of the company’s stock worth $164,327,000 after purchasing an additional 117,368 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Regency Centers

In other news, VP Michael R. Herman sold 1,000 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $69.57, for a total transaction of $69,570.00. Following the completion of the transaction, the vice president now directly owns 13,010 shares of the company’s stock, valued at approximately $905,105.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $70.00, for a total value of $1,750,000.00. Following the completion of the transaction, the chairman now directly owns 307,199 shares of the company’s stock, valued at $21,503,930. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Michael R. Herman sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $69.57, for a total transaction of $69,570.00. Following the sale, the vice president now directly owns 13,010 shares in the company, valued at $905,105.70. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on REG shares. Raymond James lifted their price target on Regency Centers from $67.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Truist Financial raised their target price on Regency Centers from $70.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Wells Fargo & Company boosted their price target on shares of Regency Centers from $69.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Mizuho upped their price objective on Regency Centers from $67.00 to $73.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Finally, Compass Point lifted their price target on shares of Regency Centers from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $76.10.

Regency Centers Stock Down 0.7 %

Shares of Regency Centers stock opened at $71.59 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65. Regency Centers Co. has a 52-week low of $56.29 and a 52-week high of $75.26. The company has a market capitalization of $12.99 billion, a P/E ratio of 34.92, a P/E/G ratio of 4.66 and a beta of 1.21. The company has a 50 day moving average of $70.18 and a 200 day moving average of $63.71.

Regency Centers (NASDAQ:REG) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.48). Regency Centers had a return on equity of 5.63% and a net margin of 27.60%. The firm had revenue of $357.25 million for the quarter, compared to analysts’ expectations of $361.56 million. During the same period last year, the firm posted $1.03 earnings per share. As a group, research analysts forecast that Regency Centers Co. will post 4.23 EPS for the current fiscal year.

Regency Centers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $2.68 annualized dividend and a dividend yield of 3.74%. Regency Centers’s dividend payout ratio (DPR) is 130.73%.

Regency Centers Company Profile

Regency Centers is a preeminent national owner, operator, and developer of shopping centers located in suburban trade areas with compelling demographics. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers.