SEB Asset Management AB Takes Position in Regency Centers Corporation $REG

SEB Asset Management AB acquired a new stake in Regency Centers Corporation (NASDAQ:REG) in the 1st quarter, Holdings Channel.com reports. The fund acquired 59,786 shares of the company’s stock, valued at approximately $4,523,000.

Other large investors have also bought and sold shares of the company. Havemeyer Place LP bought a new stake in Regency Centers during the 4th quarter worth approximately $26,000. Brown Brothers Harriman & Co. lifted its stake in Regency Centers by 63.1% in the third quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock valued at $30,000 after buying an additional 157 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of Regency Centers in the second quarter valued at approximately $31,000. Hantz Financial Services Inc. increased its position in shares of Regency Centers by 388.9% during the fourth quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock worth $30,000 after acquiring an additional 350 shares in the last quarter. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Regency Centers during the second quarter worth $34,000. 96.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on REG. UBS Group boosted their price objective on shares of Regency Centers from $81.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Barclays lifted their price target on Regency Centers from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. BTIG Research reaffirmed a “buy” rating and set a $85.00 price objective on shares of Regency Centers in a research report on Friday, June 12th. Wells Fargo & Company increased their price objective on Regency Centers from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Finally, Citigroup lifted their target price on Regency Centers from $76.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $82.94.

Insider Transactions at Regency Centers

In other news, insider Terah L. Devereaux sold 1,240 shares of the stock in a transaction dated 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 transaction, 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Martin E. Stein, Jr. sold 274,615 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were 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. Insiders sold a total of 283,782 shares of company stock worth $22,255,898 in the last three months. Insiders own 1.00% of the company’s stock.

Regency Centers Stock Performance

Shares of REG opened at $82.22 on Thursday. The stock has a market capitalization of $15.05 billion, a price-to-earnings ratio of 28.35, a PEG ratio of 3.48 and a beta of 0.80. Regency Centers Corporation has a 12 month low of $66.86 and a 12 month high of $83.66. The firm has a fifty day simple moving average of $79.14 and a 200 day simple moving average of $76.98. 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 Announces Dividend

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

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.