Regency Centers Co. (NASDAQ:REG) Shares Purchased by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 100.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 68,360 shares of the company's stock after acquiring an additional 34,300 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Regency Centers were worth $5,054,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Heck Capital Advisors LLC acquired a new position in Regency Centers during the fourth quarter worth approximately $26,000. Catalyst Capital Advisors LLC acquired a new position in Regency Centers during the fourth quarter worth approximately $54,000. Venturi Wealth Management LLC increased its position in Regency Centers by 4,400.0% during the fourth quarter. Venturi Wealth Management LLC now owns 855 shares of the company's stock worth $63,000 after buying an additional 836 shares during the period. Quest Partners LLC increased its position in Regency Centers by 84.8% during the third quarter. Quest Partners LLC now owns 937 shares of the company's stock worth $68,000 after buying an additional 430 shares during the period. Finally, Brooklyn Investment Group acquired a new position in Regency Centers during the third quarter worth approximately $96,000. Institutional investors and hedge funds own 96.07% of the company's stock.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. BTIG Research lifted their price target on Regency Centers from $72.00 to $79.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Mizuho boosted their target price on Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a report on Wednesday, January 8th. JPMorgan Chase & Co. boosted their target price on Regency Centers from $77.00 to $80.00 and gave the company an "overweight" rating in a report on Monday, November 4th. Evercore ISI dropped their target price on Regency Centers from $78.00 to $77.00 and set an "in-line" rating on the stock in a report on Tuesday, December 24th. Finally, Wells Fargo & Company dropped their target price on Regency Centers from $81.00 to $80.00 and set an "overweight" rating on the stock in a report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $78.08.

Regency Centers Price Performance

Shares of Regency Centers stock traded up $1.14 during trading on Friday, reaching $76.70. The company's stock had a trading volume of 1,880,550 shares, compared to its average volume of 962,529. 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 $76.88. The company has a market capitalization of $13.91 billion, a P/E ratio of 36.18, a price-to-earnings-growth ratio of 3.75 and a beta of 1.21. The business has a 50 day moving average price of $72.75 and a 200-day moving average price of $72.76.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.61. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. As a group, sell-side analysts anticipate that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a dividend of $0.705 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $2.82 dividend on an annualized basis and a yield of 3.68%. Regency Centers's payout ratio is 133.02%.

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.