Handelsbanken Fonder AB grew its holdings in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 53.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,400 shares of the company's stock after buying an additional 17,900 shares during the quarter. Handelsbanken Fonder AB's holdings in Regency Centers were worth $3,713,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its stake in shares of Regency Centers by 3.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 169,856 shares of the company's stock valued at $11,380,000 after buying an additional 5,095 shares in the last quarter. Rafferty Asset Management LLC boosted its stake in shares of Regency Centers by 20.1% in the fourth quarter. Rafferty Asset Management LLC now owns 22,041 shares of the company's stock valued at $1,477,000 after purchasing an additional 3,688 shares during the period. Goldman Sachs Group Inc. grew its holdings in Regency Centers by 1.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,324,687 shares of the company's stock valued at $88,754,000 after purchasing an additional 19,181 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Regency Centers by 146.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 23,234 shares of the company's stock worth $1,557,000 after buying an additional 13,792 shares during the period. Finally, Ossiam lifted its holdings in Regency Centers by 84.6% in the 4th quarter. Ossiam now owns 18,660 shares of the company's stock worth $1,250,000 after buying an additional 8,551 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.
Analysts Set New Price Targets
Several brokerages have recently weighed in on REG. Wells Fargo & Company raised their target price on Regency Centers from $69.00 to $79.00 and gave the company an "overweight" rating in a research note on Wednesday, August 28th. Truist Financial lifted their price objective on Regency Centers from $70.00 to $78.00 and gave the stock a "buy" rating in a report on Friday, August 16th. Compass Point increased their target price on Regency Centers from $75.00 to $80.00 and gave the company a "buy" rating in a research note on Tuesday, September 10th. JPMorgan Chase & Co. lifted their price target on shares of Regency Centers from $71.00 to $77.00 and gave the stock an "overweight" rating in a research note on Thursday, August 8th. Finally, Mizuho upped their price target on shares of Regency Centers from $67.00 to $73.00 and gave the company an "outperform" rating in a report on Monday, August 19th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $76.20.
Read Our Latest Stock Report on Regency Centers
Regency Centers Stock Performance
REG stock traded up $0.90 during trading on Wednesday, hitting $71.06. 852,974 shares of the company's stock traded hands, compared to its average volume of 1,108,634. The stock has a fifty day moving average price of $71.53 and a two-hundred day moving average price of $64.68. 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 $56.51 and a 52 week high of $75.26. The stock has a market capitalization of $13.13 billion, a price-to-earnings ratio of 34.49, a price-to-earnings-growth ratio of 4.42 and a beta of 1.21.
Regency Centers (NASDAQ:REG - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $1.02 by ($0.48). Regency Centers had a net margin of 27.60% and a return on equity of 5.63%. The business had revenue of $357.25 million for the quarter, compared to the consensus estimate of $361.56 million. During the same period in the prior year, the company earned $1.03 EPS. As a group, equities analysts anticipate that Regency Centers Co. will post 4.24 EPS for the current fiscal year.
Regency Centers Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 12th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $2.68 dividend on an annualized basis and a yield of 3.77%. Regency Centers's dividend payout ratio is currently 130.73%.
Insider Buying and Selling
In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the firm'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 sale, the chairman now directly owns 307,199 shares in the company, valued at approximately $21,503,930. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the firm's stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $70.00, for a total transaction of $1,750,000.00. Following the transaction, the chairman now directly owns 307,199 shares of the company's stock, valued at approximately $21,503,930. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael R. Herman sold 1,000 shares of the firm's stock in a transaction on Friday, August 16th. The shares were sold at an average price of $69.57, for a total value of $69,570.00. Following the transaction, the vice president now directly owns 13,010 shares in the company, valued at $905,105.70. This trade represents a 0.00 % 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.
About Regency Centers
(
Free Report)
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.
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