Regency Centers Co. (NASDAQ:REG) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB lowered its stake in shares of Regency Centers Co. (NASDAQ:REG) by 8.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,900 shares of the company’s stock after selling 4,500 shares during the quarter. Handelsbanken Fonder AB’s holdings in Regency Centers were worth $3,467,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Creative Planning raised its holdings in Regency Centers by 6.5% in the third quarter. Creative Planning now owns 13,276 shares of the company’s stock valued at $959,000 after buying an additional 816 shares during the period. Greenleaf Trust raised its position in shares of Regency Centers by 5.5% in the 3rd quarter. Greenleaf Trust now owns 4,563 shares of the company’s stock valued at $330,000 after purchasing an additional 238 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of Regency Centers by 7,209.8% during the 3rd quarter. International Assets Investment Management LLC now owns 18,567 shares of the company’s stock valued at $1,341,000 after buying an additional 18,313 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Regency Centers by 43.7% during the third quarter. Assenagon Asset Management S.A. now owns 6,817 shares of the company’s stock worth $492,000 after buying an additional 2,073 shares in the last quarter. Finally, Ballentine Partners LLC acquired a new position in Regency Centers during the 3rd quarter worth $210,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Regency Centers Trading Up 0.1 %

Regency Centers stock opened at $73.33 on Monday. Regency Centers Co. has a 52 week low of $56.51 and a 52 week high of $76.53. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85. The firm has a market capitalization of $13.30 billion, a price-to-earnings ratio of 34.59, a P/E/G ratio of 3.75 and a beta of 1.21. The company has a 50 day moving average price of $72.61 and a 200 day moving average price of $72.61.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.61. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. Research analysts forecast that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be paid a $0.705 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $2.82 annualized dividend and a dividend yield of 3.85%. Regency Centers’s payout ratio is 133.02%.

Insiders Place Their Bets

In other news, CFO Michael J. Mas sold 20,000 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $73.60, for a total value of $1,472,000.00. Following the completion of the sale, the chief financial officer now directly owns 54,020 shares in the company, valued at approximately $3,975,872. The trade was a 27.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lisa Palmer sold 25,000 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $73.26, for a total transaction of $1,831,500.00. Following the completion of the transaction, the chief executive officer now owns 139,923 shares in the company, valued at $10,250,758.98. The trade was a 15.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on REG shares. BTIG Research lifted their target price on Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Wells Fargo & Company lowered their price target on shares of Regency Centers from $81.00 to $80.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. Mizuho lifted their price target on Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, January 8th. Evercore ISI lowered their target price on Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 24th. Finally, Robert W. Baird lifted their price objective on shares of Regency Centers from $71.00 to $78.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Regency Centers has an average rating of “Moderate Buy” and an average price target of $78.08.

Regency Centers 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.