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

Handelsbanken Fonder AB decreased its position in Regency Centers Co. (NASDAQ:REG - Free Report) by 8.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in REG. Heck Capital Advisors LLC acquired a new position in shares of Regency Centers during the 4th quarter valued at about $26,000. Catalyst Capital Advisors LLC bought a new stake in Regency Centers during the fourth quarter worth approximately $54,000. Venturi Wealth Management LLC grew its holdings in Regency Centers by 4,400.0% during the fourth quarter. Venturi Wealth Management LLC now owns 855 shares of the company's stock valued at $63,000 after purchasing an additional 836 shares during the last quarter. Quest Partners LLC raised its position in shares of Regency Centers by 84.8% in the third quarter. Quest Partners LLC now owns 937 shares of the company's stock valued at $68,000 after purchasing an additional 430 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in shares of Regency Centers in the third quarter worth $96,000. Institutional investors and hedge funds own 96.07% of the company's stock.

Regency Centers Price Performance

Shares of REG stock traded up $0.31 during mid-day trading on Thursday, reaching $75.56. The company's stock had a trading volume of 808,285 shares, compared to its average volume of 938,373. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85. The firm's 50-day moving average is $72.63 and its two-hundred day moving average is $72.70. Regency Centers Co. has a 1-year low of $56.51 and a 1-year high of $76.53. The company has a market cap of $13.70 billion, a P/E ratio of 35.64, a PEG ratio of 3.75 and a beta of 1.22.

Regency Centers (NASDAQ:REG - Get Free Report) last announced 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%. On average, research analysts predict that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be issued 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 dividend yield of 3.73%. Regency Centers's payout ratio is presently 133.02%.

Analyst Upgrades and Downgrades

REG has been the topic of a number of research analyst reports. Wells Fargo & Company lowered their target price 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. Evercore ISI lowered their price target on Regency Centers from $78.00 to $77.00 and set an "in-line" rating on the stock in a research report on Tuesday, December 24th. Robert W. Baird boosted their price objective on Regency Centers from $71.00 to $78.00 and gave the stock an "outperform" rating in a research report on Thursday, October 31st. BTIG Research raised their target price on Regency Centers from $72.00 to $79.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Finally, 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 report on Monday, November 4th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $78.08.

Insider Activity

In related news, CEO Lisa Palmer sold 25,000 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $73.26, for a total transaction of $1,831,500.00. Following the transaction, the chief executive officer now owns 139,923 shares in the company, valued at $10,250,758.98. This represents a 15.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael J. Mas sold 20,000 shares of Regency Centers stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $73.60, for a total value of $1,472,000.00. Following the completion of the sale, the chief financial officer now directly owns 54,020 shares of the company's stock, valued at $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 corporate insiders.

About Regency Centers

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.