Handelsbanken Fonder AB Has $3.93 Million Stock Position in Regency Centers Corporation $REG

Handelsbanken Fonder AB lifted its stake in Regency Centers Corporation (NASDAQ:REG) by 28.4% in the fourth quarter, HoldingsChannel reports. The firm owned 56,900 shares of the company’s stock after purchasing an additional 12,600 shares during the period. Handelsbanken Fonder AB’s holdings in Regency Centers were worth $3,928,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brown Brothers Harriman & Co. boosted its position in shares of Regency Centers by 63.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock valued at $30,000 after purchasing an additional 157 shares during the period. CYBER HORNET ETFs LLC acquired a new position in shares of Regency Centers in the 2nd quarter valued at $31,000. MUFG Securities EMEA plc acquired a new position in shares of Regency Centers in the 2nd quarter valued at $34,000. EverSource Wealth Advisors LLC boosted its position in shares of Regency Centers by 233.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 570 shares of the company’s stock valued at $41,000 after purchasing an additional 399 shares during the period. Finally, Advisory Services Network LLC acquired a new position in shares of Regency Centers in the 3rd quarter valued at $48,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Regency Centers Stock Up 0.6%

REG opened at $78.84 on Friday. Regency Centers Corporation has a fifty-two week low of $66.86 and a fifty-two week high of $81.66. The business has a 50-day moving average of $77.64 and a 200-day moving average of $73.91. 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 company has a market capitalization of $14.44 billion, a PE ratio of 27.19, a price-to-earnings-growth ratio of 3.35 and a beta of 0.82.

Regency Centers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 12th will be paid a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, June 12th. Regency Centers’s dividend payout ratio (DPR) is presently 104.14%.

Insider Buying and Selling

In related news, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $79.06, for a total value of $626,708.62. Following the transaction, the insider directly owned 33,069 shares of the company’s stock, valued at approximately $2,614,435.14. This trade represents a 19.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Martin E. Stein, Jr. sold 274,615 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $78.40, for a total value of $21,529,816.00. The SEC filing for this sale provides additional information. Insiders sold a total of 450,032 shares of company stock worth $35,233,456 over the last three months. 1.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Evercore set a $80.00 price target on Regency Centers in a research report on Friday, May 1st. UBS Group increased their price objective on Regency Centers from $75.00 to $81.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Robert W. Baird set a $84.00 price objective on Regency Centers in a research note on Tuesday, February 10th. Wells Fargo & Company increased their price objective on Regency Centers from $82.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, March 19th. Finally, Morgan Stanley increased their price objective on Regency Centers from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $81.71.

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.