Swedbank AB Has $13.41 Million Stock Holdings in Regency Centers Co. (NASDAQ:REG)

Swedbank AB decreased its stake in shares of Regency Centers Co. (NASDAQ:REG) by 5.2% during the 4th quarter, Holdings Channel reports. The firm owned 181,400 shares of the company’s stock after selling 9,883 shares during the period. Swedbank AB’s holdings in Regency Centers were worth $13,411,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Marshall Wace LLP bought a new position in Regency Centers during the second quarter worth about $2,687,000. AQR Capital Management LLC increased its holdings in shares of Regency Centers by 6.0% during the 2nd quarter. AQR Capital Management LLC now owns 23,631 shares of the company’s stock worth $1,462,000 after acquiring an additional 1,331 shares during the last quarter. Millennium Management LLC raised its stake in Regency Centers by 43.8% in the 2nd quarter. Millennium Management LLC now owns 83,387 shares of the company’s stock valued at $5,187,000 after acquiring an additional 25,379 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Regency Centers by 0.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 164,792 shares of the company’s stock valued at $10,250,000 after purchasing an additional 1,404 shares during the last quarter. Finally, Creative Planning boosted its position in Regency Centers by 5.0% during the second quarter. Creative Planning now owns 12,460 shares of the company’s stock worth $775,000 after purchasing an additional 597 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on REG shares. KeyCorp started coverage on shares of Regency Centers in a research note on Friday, October 25th. They set an “overweight” rating and a $80.00 target price for the company. Wells Fargo & Company reduced their price objective on Regency Centers from $81.00 to $80.00 and set an “overweight” rating for the company in a report on Wednesday. BTIG Research increased their target price on Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Robert W. Baird boosted their price target on Regency Centers from $71.00 to $78.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Finally, Mizuho increased their price objective on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.08.

Regency Centers Trading Down 0.2 %

REG opened at $71.84 on Friday. The stock has a market capitalization of $13.04 billion, a price-to-earnings ratio of 33.73, a P/E/G ratio of 3.69 and a beta of 1.22. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.65. Regency Centers Co. has a twelve month low of $56.51 and a twelve month high of $76.53. The company has a 50-day simple moving average of $73.09 and a 200 day simple moving average of $71.89.

Regency Centers Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 16th were given a dividend of $0.705 per share. This is a positive change from Regency Centers’s previous quarterly dividend of $0.67. The ex-dividend date was Monday, December 16th. This represents a $2.82 annualized dividend and a dividend yield of 3.93%. Regency Centers’s dividend payout ratio (DPR) is currently 132.39%.

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.