Tredje AP fonden Sells 431 Shares of Regency Centers Co. (NASDAQ:REG)

Tredje AP fonden lessened its position in Regency Centers Co. (NASDAQ:REG) by 1.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,569 shares of the company’s stock after selling 431 shares during the period. Tredje AP fonden’s holdings in Regency Centers were worth $1,715,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Fidelis Capital Partners LLC bought a new stake in shares of Regency Centers in the first quarter worth about $27,000. Quest Partners LLC grew its position in shares of Regency Centers by 25,250.0% in the 2nd quarter. Quest Partners LLC now owns 507 shares of the company’s stock worth $32,000 after buying an additional 505 shares during the last quarter. Family Firm Inc. purchased a new position in shares of Regency Centers during the second quarter valued at approximately $44,000. Blue Trust Inc. raised its holdings in shares of Regency Centers by 582.1% during the second quarter. Blue Trust Inc. now owns 839 shares of the company’s stock valued at $51,000 after acquiring an additional 716 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in Regency Centers in the first quarter worth $52,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Regency Centers Trading Down 0.7 %

Shares of REG stock opened at $71.59 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93. Regency Centers Co. has a 1 year low of $56.29 and a 1 year high of $75.26. The company has a market cap of $12.99 billion, a PE ratio of 34.92, a price-to-earnings-growth ratio of 4.66 and a beta of 1.21. The stock’s 50 day simple moving average is $70.18 and its two-hundred day simple moving average is $63.71.

Regency Centers (NASDAQ:REG) last issued its earnings results on Thursday, August 1st. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 5.63% and a net margin of 27.60%. During the same quarter in the prior year, the company posted $1.03 earnings per share. Research analysts predict that Regency Centers Co. will post 4.23 earnings per share for the current year.

Regency Centers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $2.68 dividend on an annualized basis and a yield of 3.74%. Regency Centers’s dividend payout ratio is presently 130.73%.

Analyst Upgrades and Downgrades

Several brokerages have commented on REG. Wells Fargo & Company upped their price objective 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 lowered shares of Regency Centers from an “outperform” rating to an “inline” rating and lifted their target price for the company from $72.00 to $75.00 in a report on Monday, September 16th. Mizuho lifted their price target on shares of Regency Centers from $67.00 to $73.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Scotiabank increased their price objective on shares of Regency Centers from $65.00 to $75.00 and gave the stock a “sector perform” rating in a research note on Monday, August 26th. Finally, Compass Point raised their target price on Regency Centers from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Regency Centers has a consensus rating of “Moderate Buy” and a consensus target price of $76.10.

Insider Buying and Selling at Regency Centers

In related news, VP Michael R. Herman sold 1,000 shares of the business’s 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 completion of the transaction, the vice president now owns 13,010 shares in the company, valued at approximately $905,105.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Chairman Martin E. Stein, Jr. sold 25,000 shares of Regency Centers stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $70.00, for a total transaction of $1,750,000.00. Following the completion of the sale, the chairman now directly owns 307,199 shares in the company, valued at $21,503,930. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Michael R. Herman sold 1,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $69.57, for a total value of $69,570.00. Following the completion of the transaction, the vice president now directly owns 13,010 shares in the company, valued at $905,105.70. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

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.