Handelsbanken Fonder AB Boosts Stock Holdings in Regency Centers Co. (NASDAQ:REG)

Handelsbanken Fonder AB boosted its position in Regency Centers Co. (NASDAQ:REG) by 53.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Fidelis Capital Partners LLC bought a new position in Regency Centers in the 1st quarter worth approximately $27,000. Quest Partners LLC boosted its holdings in shares of Regency Centers by 25,250.0% in the second quarter. Quest Partners LLC now owns 507 shares of the company’s stock worth $32,000 after acquiring an additional 505 shares during the period. Family Firm Inc. purchased a new position in shares of Regency Centers in the second quarter valued at $44,000. Blue Trust Inc. raised its stake in shares of Regency Centers by 582.1% during the 2nd quarter. Blue Trust Inc. now owns 839 shares of the company’s stock valued at $51,000 after purchasing an additional 716 shares during the period. Finally, EntryPoint Capital LLC purchased a new stake in Regency Centers during the 1st quarter worth about $52,000. 96.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on REG. Mizuho increased their price target on shares of Regency Centers from $67.00 to $73.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Truist Financial raised their price target on shares of Regency Centers from $70.00 to $78.00 and gave the company a “buy” rating in a report on Friday, August 16th. Wells Fargo & Company upped their price target on shares of Regency Centers from $69.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. Evercore ISI downgraded Regency Centers from an “outperform” rating to an “inline” rating and increased their price objective for the stock from $72.00 to $75.00 in a research report on Monday, September 16th. Finally, JPMorgan Chase & Co. boosted their target price on Regency Centers from $71.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.20.

Insider Activity at Regency Centers

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 25,000 shares of Regency Centers 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 completion of the transaction, the chairman now owns 307,199 shares in the company, valued at approximately $21,503,930. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Michael R. Herman sold 1,000 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $69.57, for a total transaction of $69,570.00. Following the sale, the vice president now owns 13,010 shares in the company, valued at $905,105.70. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Martin E. Stein, Jr. sold 25,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chairman now owns 307,199 shares of the company’s stock, valued at approximately $21,503,930. The trade was 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 currently owned by corporate insiders.

Regency Centers Stock Performance

Shares of REG opened at $70.16 on Wednesday. The company has a 50-day simple moving average of $71.49 and a two-hundred day simple moving average of $64.60. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market capitalization of $12.96 billion, a PE ratio of 34.22, a price-to-earnings-growth ratio of 4.42 and a beta of 1.21. Regency Centers Co. has a one year low of $56.51 and a one year high of $75.26.

Regency Centers (NASDAQ:REG) last released its earnings results on Thursday, August 1st. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.48). The firm had revenue of $357.25 million during the quarter, compared to analysts’ expectations of $361.56 million. Regency Centers had a net margin of 27.60% and a return on equity of 5.63%. During the same quarter in the previous year, the business earned $1.03 EPS. On average, analysts anticipate that Regency Centers Co. will post 4.24 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 12th were paid a $0.67 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $2.68 annualized dividend and a dividend yield of 3.82%. Regency Centers’s payout ratio is 130.73%.

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.