Danske Bank A S Boosts Position in Regency Centers Corporation $REG

Danske Bank A S increased its holdings in shares of Regency Centers Corporation (NASDAQ:REG) by 37.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 196,455 shares of the company’s stock after purchasing an additional 53,209 shares during the quarter. Danske Bank A S’s holdings in Regency Centers were worth $13,561,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 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 during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in Regency Centers in the second quarter valued at approximately $31,000. Steigerwald Gordon & Koch Inc. purchased a new stake in Regency Centers in the third quarter valued at approximately $33,000. MUFG Securities EMEA plc purchased a new stake in Regency Centers in the second quarter valued at approximately $34,000. Finally, Financial Consulate Inc. purchased a new stake in Regency Centers in the third quarter valued at approximately $38,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Insider Activity at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 38,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $77.21, for a total transaction of $2,933,980.00. Following the completion of the sale, the chairman owned 157,892 shares in the company, valued at $12,190,841.32. This represents a 19.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 177,490 shares of company stock worth $13,839,932 in the last three months. 1.00% of the stock is owned by corporate insiders.

Regency Centers Price Performance

Regency Centers stock opened at $78.65 on Monday. Regency Centers Corporation has a 12 month low of $66.86 and a 12 month high of $81.66. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.06 and a quick ratio of 1.05. The business has a 50 day simple moving average of $77.84 and a 200-day simple moving average of $73.32. The stock has a market capitalization of $14.40 billion, a PE ratio of 27.12, a price-to-earnings-growth ratio of 3.38 and a beta of 0.82.

Regency Centers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th were paid a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Wednesday, March 11th. Regency Centers’s dividend payout ratio is 104.14%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on REG shares. Deutsche Bank Aktiengesellschaft upgraded Regency Centers from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research note on Tuesday, January 20th. Barclays boosted their price objective on Regency Centers from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, March 2nd. Evercore set a $80.00 price objective on Regency Centers in a research note on Friday. Mizuho reiterated a “neutral” rating and issued a $74.00 price objective (down from $77.00) on shares of Regency Centers in a research note on Friday, January 9th. Finally, Morgan Stanley boosted their price objective on Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Regency Centers presently has a consensus rating of “Moderate Buy” and an average price target of $80.57.

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.