Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 34,300 Shares of Regency Centers Co. (NASDAQ:REG)

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Regency Centers Co. (NASDAQ:REG) by 100.7% in the fourth quarter, Holdings Channel reports. The fund owned 68,360 shares of the company’s stock after purchasing an additional 34,300 shares during the quarter. 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.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. State Street Corp increased its stake in shares of Regency Centers by 1.1% in the 3rd quarter. State Street Corp now owns 11,768,052 shares of the company’s stock valued at $857,892,000 after acquiring an additional 131,300 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Regency Centers by 4.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company’s stock valued at $801,056,000 after purchasing an additional 435,932 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Regency Centers by 4.2% during the fourth quarter. Principal Financial Group Inc. now owns 9,182,664 shares of the company’s stock worth $678,873,000 after buying an additional 366,427 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of 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 buying an additional 71,278 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased 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 acquiring an additional 1,908,153 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Insider Buying and Selling at Regency Centers

In other Regency Centers news, CEO Lisa Palmer sold 25,000 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $73.26, for a total value of $1,831,500.00. Following the transaction, the chief executive officer now 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael J. Mas sold 20,000 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $73.60, for a total transaction of $1,472,000.00. Following the completion of the transaction, the chief financial officer now owns 54,020 shares in the company, valued at $3,975,872. The trade was a 27.02 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Regency Centers Price Performance

Shares of NASDAQ:REG opened at $75.45 on Wednesday. The stock has a market cap of $13.68 billion, a PE ratio of 35.59, a PEG ratio of 3.75 and a beta of 1.22. The company’s fifty day moving average is $72.59 and its 200 day moving average is $72.68. Regency Centers Co. has a 52 week low of $56.51 and a 52 week high of $76.53. 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 (NASDAQ:REG) last issued its 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%. Research analysts anticipate that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be given a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date is Wednesday, March 12th. Regency Centers’s payout ratio is presently 133.02%.

Wall Street Analyst Weigh In

REG has been the subject of several recent research reports. Mizuho upped their price target on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. Robert W. Baird upped their target price on shares of Regency Centers from $71.00 to $78.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Evercore ISI dropped their price target on shares of 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. BTIG Research boosted their price target on shares of Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Wells Fargo & Company decreased their price objective on shares of Regency Centers from $81.00 to $80.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. Three 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.