Fjarde AP Fonden Fourth Swedish National Pension Fund Invests $3.42 Million in Regency Centers Corporation $REG

Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new position in shares of Regency Centers Corporation (NASDAQ:REG) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 49,560 shares of the company’s stock, valued at approximately $3,421,000.

Several other large investors have also modified their holdings of REG. Norges Bank acquired a new stake in shares of Regency Centers in the fourth quarter worth $1,183,667,000. PFA Pension Forsikringsaktieselskab purchased a new position in shares of Regency Centers during the fourth quarter valued at $56,480,000. Goldman Sachs Group Inc. raised its position in Regency Centers by 75.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,806,165 shares of the company’s stock valued at $124,680,000 after buying an additional 775,609 shares during the period. Alyeska Investment Group L.P. purchased a new stake in Regency Centers in the 3rd quarter worth about $47,563,000. Finally, UBS Group AG lifted its stake in Regency Centers by 78.8% in the 3rd quarter. UBS Group AG now owns 1,337,215 shares of the company’s stock worth $97,483,000 after acquiring an additional 589,327 shares in the last quarter. 96.07% of the stock is owned by institutional investors.

Regency Centers Price Performance

Shares of NASDAQ:REG opened at $77.56 on Tuesday. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.72. Regency Centers Corporation has a 1 year low of $66.86 and a 1 year high of $81.66. The business has a fifty day simple moving average of $78.02 and a 200 day simple moving average of $74.55. The firm has a market cap of $14.20 billion, a price-to-earnings ratio of 26.74, a P/E/G ratio of 3.29 and a beta of 0.81.

Regency Centers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 12th will be issued a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, June 12th. Regency Centers’s dividend payout ratio (DPR) is currently 104.14%.

Insider Buying and Selling at Regency Centers

In related news, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the stock in a transaction 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 completion of the sale, the insider directly owned 33,069 shares in the company, valued at approximately $2,614,435.14. This trade represents a 19.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Martin E. Stein, Jr. sold 274,615 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $78.40, for a total value of $21,529,816.00. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 320,542 shares of company stock valued at $25,090,505. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

REG has been the topic of several research analyst reports. Wells Fargo & Company lifted their target price on Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Robert W. Baird set a $84.00 target price on Regency Centers in a report on Tuesday, February 10th. Truist Financial upped their target price on Regency Centers from $77.00 to $84.00 and gave the company a “buy” rating in a report on Monday, March 2nd. UBS Group upped their target price on Regency Centers from $75.00 to $81.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Finally, Deutsche Bank Aktiengesellschaft downgraded Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 target price on the stock. in a report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $82.07.

About Regency Centers

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.