Forsta AP Fonden Sells 8,000 Shares of Regency Centers Co. (NASDAQ:REG)

Forsta AP Fonden trimmed its holdings in shares of Regency Centers Co. (NASDAQ:REG) by 13.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 50,400 shares of the company’s stock after selling 8,000 shares during the period. Forsta AP Fonden’s holdings in Regency Centers were worth $3,135,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of REG. Principal Securities Inc. acquired a new stake in Regency Centers in the fourth quarter worth $106,000. Envestnet Portfolio Solutions Inc. bought a new position in Regency Centers in the fourth quarter worth approximately $237,000. Quadrant Capital Group LLC grew its stake in Regency Centers by 17.5% in the fourth quarter. Quadrant Capital Group LLC now owns 2,722 shares of the company’s stock valued at $182,000 after acquiring an additional 405 shares during the period. Brown Advisory Inc. increased its holdings in shares of Regency Centers by 5.3% during the fourth quarter. Brown Advisory Inc. now owns 61,593 shares of the company’s stock valued at $4,127,000 after acquiring an additional 3,100 shares in the last quarter. Finally, ING Groep NV acquired a new position in shares of Regency Centers during the fourth quarter worth approximately $1,507,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Scotiabank lifted their price target on shares of Regency Centers from $65.00 to $75.00 and gave the company a “sector perform” rating in a research report on Monday, August 26th. Mizuho upped their target price on shares of Regency Centers from $67.00 to $73.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Compass Point lifted their price target on Regency Centers from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. JPMorgan Chase & Co. increased their price objective on Regency Centers from $71.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Finally, Wells Fargo & Company lifted their target price on Regency Centers from $69.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $75.27.

Insider Activity at Regency Centers

In other Regency Centers news, VP Michael R. Herman sold 1,000 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $69.57, for a total value of $69,570.00. Following the sale, the vice president now directly owns 13,010 shares in the company, valued at $905,105.70. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, VP Michael R. Herman sold 1,000 shares of Regency Centers stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $69.57, for a total value of $69,570.00. Following the completion of the sale, the vice president now owns 13,010 shares of the company’s stock, valued at approximately $905,105.70. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 25,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $70.00, for a total transaction of $1,750,000.00. Following the sale, the chairman now directly owns 307,199 shares in the company, valued at $21,503,930. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Regency Centers Stock Up 0.4 %

Shares of NASDAQ:REG opened at $74.68 on Monday. Regency Centers Co. has a 1 year low of $56.29 and a 1 year high of $75.26. The company has a market capitalization of $13.55 billion, a PE ratio of 36.43, a price-to-earnings-growth ratio of 4.63 and a beta of 1.21. The business has a fifty day moving average price of $69.14 and a two-hundred day moving average price of $63.35. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.48). The company had revenue of $357.25 million for the quarter, compared to the consensus estimate of $361.56 million. Regency Centers had a net margin of 27.60% and a return on equity of 5.63%. During the same quarter in the previous year, the company posted $1.03 EPS. Analysts forecast that Regency Centers Co. will post 4.23 earnings per share for the current year.

Regency Centers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 12th will be paid a $0.67 dividend. The ex-dividend date is Thursday, September 12th. This represents a $2.68 annualized dividend and a yield of 3.59%. Regency Centers’s payout ratio is 130.73%.

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.