Handelsbanken Fonder AB Has $3.47 Million Stock Position in Regency Centers Co. (NASDAQ:REG)

Handelsbanken Fonder AB reduced its stake in shares of Regency Centers Co. (NASDAQ:REG) by 8.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 46,900 shares of the company’s stock after selling 4,500 shares during the quarter. Handelsbanken Fonder AB’s holdings in Regency Centers were worth $3,467,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp grew its position in shares of Regency Centers by 1.1% during the 3rd quarter. State Street Corp now owns 11,768,052 shares of the company’s stock worth $857,892,000 after buying an additional 131,300 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Regency Centers by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company’s stock worth $801,056,000 after purchasing an additional 435,932 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Regency Centers by 4.2% in the 4th quarter. Principal Financial Group Inc. now owns 9,182,664 shares of the company’s stock valued at $678,873,000 after buying an additional 366,427 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Regency Centers by 3.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,312,535 shares of the company’s stock valued at $167,034,000 after acquiring an additional 71,278 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Regency Centers by 1,138.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,075,753 shares of the company’s stock worth $149,932,000 after purchasing an additional 1,908,153 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Regency Centers

In other news, CEO Lisa Palmer sold 25,000 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $73.26, for a total transaction of $1,831,500.00. Following the sale, the chief executive officer now directly owns 139,923 shares in the company, valued at approximately $10,250,758.98. The trade was a 15.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Michael J. Mas sold 20,000 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $73.60, for a total value of $1,472,000.00. Following the transaction, the chief financial officer now directly owns 54,020 shares of the company’s stock, valued at approximately $3,975,872. This represents a 27.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Regency Centers Trading Up 0.1 %

Shares of NASDAQ:REG opened at $73.33 on Monday. The stock has a market cap of $13.30 billion, a PE ratio of 34.59, a P/E/G ratio of 3.75 and a beta of 1.21. The company has a quick ratio of 0.95, a current ratio of 0.85 and a debt-to-equity ratio of 0.66. Regency Centers Co. has a 12-month low of $56.51 and a 12-month high of $76.53. The business has a 50 day moving average of $72.61 and a 200-day moving average of $72.61.

Regency Centers (NASDAQ:REG) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.61. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. As a group, equities research analysts forecast that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.705 per share. The ex-dividend date is Wednesday, March 12th. This represents a $2.82 dividend on an annualized basis and a yield of 3.85%. Regency Centers’s payout ratio is 133.02%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on REG shares. Wells Fargo & Company cut their price target on shares of Regency Centers from $81.00 to $80.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. JPMorgan Chase & Co. upped their price target on Regency Centers from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Mizuho lifted their price target on shares of Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. Robert W. Baird boosted their price target on shares of Regency Centers from $71.00 to $78.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Finally, BTIG Research lifted their target price on Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $78.08.

Regency Centers 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.