Handelsbanken Fonder AB Has $3.16 Million Stock Position in Regency Centers Corporation $REG

Handelsbanken Fonder AB lessened its position in shares of Regency Centers Corporation (NASDAQ:REG) by 5.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,300 shares of the company’s stock after selling 2,600 shares during the period. Handelsbanken Fonder AB’s holdings in Regency Centers were worth $3,155,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd grew its position in shares of Regency Centers by 42.3% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company’s stock valued at $37,000 after acquiring an additional 150 shares during the period. GKV Capital Management Co. Inc. bought a new position in Regency Centers during the 1st quarter worth $40,000. National Pension Service lifted its position in Regency Centers by 75.2% during the first quarter. National Pension Service now owns 643 shares of the company’s stock worth $47,000 after purchasing an additional 276 shares during the period. Quarry LP increased its stake in shares of Regency Centers by 206.2% in the 1st quarter. Quarry LP now owns 695 shares of the company’s stock valued at $51,000 after purchasing an additional 468 shares during the last quarter. Finally, Catalyst Capital Advisors LLC boosted its stake in shares of Regency Centers by 158.1% in the 2nd quarter. Catalyst Capital Advisors LLC now owns 1,360 shares of the company’s stock valued at $97,000 after purchasing an additional 833 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on REG. Wells Fargo & Company lifted their target price on Regency Centers from $81.00 to $82.00 and gave the stock an “overweight” rating in a report on Tuesday, October 21st. Scotiabank lifted their price objective on shares of Regency Centers from $76.00 to $78.00 and gave the company a “sector perform” rating in a research note on Thursday, November 13th. LADENBURG THALM/SH SH started coverage on shares of Regency Centers in a research note on Tuesday, September 9th. They issued a “neutral” rating and a $76.00 target price on the stock. Barclays upgraded Regency Centers from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $83.00 to $82.00 in a research report on Tuesday, November 18th. Finally, Truist Financial decreased their price target on shares of Regency Centers from $81.00 to $77.00 and set a “buy” rating for the company in a research note on Tuesday, November 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $78.67.

Insiders Place Their Bets

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the stock in a transaction on Monday, November 10th. The shares were sold at an average price of $70.02, for a total transaction of $1,050,300.00. Following the transaction, the chairman directly owned 272,958 shares of the company’s stock, valued at $19,112,519.16. This trade represents a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Regency Centers Price Performance

Regency Centers stock opened at $71.17 on Tuesday. Regency Centers Corporation has a 12-month low of $63.44 and a 12-month high of $78.18. The firm has a market capitalization of $12.92 billion, a PE ratio of 32.80, a price-to-earnings-growth ratio of 2.87 and a beta of 1.07. The firm has a 50-day moving average price of $70.87 and a 200-day moving average price of $71.28. The company has a current ratio of 1.20, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $1.15 EPS for the quarter, meeting the consensus estimate of $1.15. Regency Centers had a net margin of 27.04% and a return on equity of 6.14%. The firm had revenue of $387.57 million during the quarter, compared to analyst estimates of $374.83 million. During the same period last year, the firm posted $1.07 EPS. Regency Centers has set its FY 2025 guidance at 4.620-4.640 EPS. As a group, equities research analysts forecast that Regency Centers Corporation will post 4.54 EPS for the current year.

Regency Centers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Monday, December 15th will be issued a $0.755 dividend. This represents a $3.02 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Monday, December 15th. This is a boost from Regency Centers’s previous quarterly dividend of $0.71. Regency Centers’s payout ratio is presently 139.17%.

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.