Regency Centers Corporation $REG Shares Purchased by Swiss National Bank

Swiss National Bank boosted its position in Regency Centers Corporation (NASDAQ:REGFree Report) by 7.9% during the first quarter, Holdings Channel.com reports. The institutional investor owned 509,928 shares of the company’s stock after purchasing an additional 37,300 shares during the period. Swiss National Bank’s holdings in Regency Centers were worth $38,581,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of REG. Havemeyer Place LP purchased a new position in Regency Centers during the 4th quarter worth approximately $26,000. Hantz Financial Services Inc. boosted its holdings in shares of Regency Centers by 388.9% in the 4th quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock valued at $30,000 after acquiring an additional 350 shares during the last quarter. Brown Brothers Harriman & Co. boosted its holdings in shares of Regency Centers by 63.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock valued at $30,000 after acquiring an additional 157 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of Regency Centers in the second quarter worth $31,000. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Regency Centers in the second quarter worth $34,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Insiders Place Their Bets

In other news, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $79.06, for a total transaction of $626,708.62. Following the transaction, the insider owned 33,069 shares in the company, valued at $2,614,435.14. This trade represents a 19.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Terah L. Devereaux sold 1,240 shares of Regency Centers stock in a transaction on Friday, June 12th. The shares were sold at an average price of $80.14, for a total transaction of $99,373.60. Following the completion of the sale, the insider directly owned 17,990 shares in the company, valued at $1,441,718.60. This represents a 6.45% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 283,782 shares of company stock worth $22,255,898. 1.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on REG shares. Barclays raised their target price on shares of Regency Centers from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Raymond James Financial reaffirmed an “outperform” rating and set a $88.00 price target on shares of Regency Centers in a research report on Monday, June 29th. Wells Fargo & Company lifted their price objective on Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. BTIG Research reissued a “buy” rating and issued a $85.00 price objective on shares of Regency Centers in a report on Friday, June 12th. Finally, Jefferies Financial Group upgraded Regency Centers to a “strong-buy” rating in a research note on Friday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Regency Centers currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.94.

Check Out Our Latest Stock Report on REG

Regency Centers Price Performance

NASDAQ:REG opened at $82.22 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.14 and a quick ratio of 2.14. The firm has a market cap of $15.05 billion, a price-to-earnings ratio of 28.35, a price-to-earnings-growth ratio of 3.48 and a beta of 0.80. The company has a 50 day moving average price of $79.14 and a 200-day moving average price of $76.98. Regency Centers Corporation has a 1-year low of $66.86 and a 1-year high of $83.66.

Regency Centers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th were paid a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, June 12th. Regency Centers’s dividend payout ratio is presently 104.14%.

Regency Centers Company Profile

(Free Report)

Regency Centers Corporation is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of grocery-anchored shopping centers. Focused on everyday needs retail, the company’s portfolio is strategically concentrated in high-growth, densely populated markets across the United States. By aligning its properties with essential retailers, Regency Centers delivers stable income streams and drives sustained value for shareholders.

Founded in 1963 and headquartered in Jacksonville, Florida, Regency Centers began as a single shopping center developer before evolving into one of the largest owners of grocery-center real estate.

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Institutional Ownership by Quarter for Regency Centers (NASDAQ:REG)

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