Regency Centers Corporation $REG Shares Purchased by Swedbank AB

Swedbank AB boosted its position in shares of Regency Centers Corporation (NASDAQ:REG) by 11.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 231,660 shares of the company’s stock after acquiring an additional 23,355 shares during the quarter. Swedbank AB owned 0.13% of Regency Centers worth $16,888,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Regency Centers during the second quarter worth about $1,219,335,000. State Street Corp lifted its holdings in Regency Centers by 2.2% during the 2nd quarter. State Street Corp now owns 12,035,961 shares of the company’s stock worth $865,625,000 after buying an additional 262,551 shares in the last quarter. Geode Capital Management LLC boosted its position in Regency Centers by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 4,786,646 shares of the company’s stock valued at $339,669,000 after buying an additional 65,719 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Regency Centers by 3.3% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,426,163 shares of the company’s stock worth $172,816,000 after acquiring an additional 77,978 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 6.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,272,295 shares of the company’s stock worth $167,604,000 after acquiring an additional 139,801 shares during the period. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $70.02, for a total value of $1,050,300.00. Following the completion of the sale, the chairman directly owned 272,958 shares of the company’s stock, valued at approximately $19,112,519.16. This represents a 5.21% 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 this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on REG. Barclays upgraded Regency Centers from an “equal weight” rating to an “overweight” rating and decreased their target price for the company from $83.00 to $82.00 in a report on Tuesday, November 18th. UBS Group cut Regency Centers from a “hold” rating to a “sell” rating in a research note on Thursday, December 4th. Wall Street Zen upgraded shares of Regency Centers from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th. Scotiabank raised their target price on shares of Regency Centers from $76.00 to $78.00 and gave the company a “sector perform” rating in a report on Thursday, November 13th. Finally, Jefferies Financial Group set a $79.00 price target on shares of Regency Centers in a report on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $78.40.

Regency Centers Stock Performance

Shares of REG opened at $69.55 on Friday. The company has a market capitalization of $12.72 billion, a price-to-earnings ratio of 32.05, a price-to-earnings-growth ratio of 2.70 and a beta of 0.93. Regency Centers Corporation has a 52-week low of $63.44 and a 52-week high of $78.18. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.72. The stock has a 50 day moving average price of $69.79 and a 200 day moving average price of $70.78.

Regency Centers (NASDAQ:REG) last released its quarterly earnings data on Tuesday, October 28th. The company reported $1.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.15. Regency Centers had a net margin of 27.04% and a return on equity of 6.14%. The company had revenue of $387.57 million for the quarter, compared to analysts’ expectations of $374.83 million. During the same quarter last year, the company earned $1.07 earnings per share. Regency Centers has set its FY 2025 guidance at 4.620-4.640 EPS. Research analysts predict that Regency Centers Corporation will post 4.54 EPS for the current fiscal year.

Regency Centers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th will be issued a $0.755 dividend. This represents a $3.02 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Monday, December 15th. This is an increase from Regency Centers’s previous quarterly dividend of $0.71. Regency Centers’s dividend payout ratio (DPR) is presently 139.17%.

Regency Centers Company Profile

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.