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

Key Points

• Danske Bank boosted its stake in Regency Centers by 37.1% in Q4, adding 53,209 shares to hold 196,455 shares (about 0.11% ownership) valued at roughly $13.56 million.
• Insider selling has been significant: Chairman Martin E. Stein Jr. sold 38,000 shares (~$2.93 million) and insiders sold 177,490 shares (~$13.84 million) over the past three months, with insiders now owning just 1% of the company.
• Analyst sentiment is generally positive with multiple upgrades and higher price targets, a consensus "Moderate Buy" and an average target of $80.57; the stock pays a 3.8% yield but carries a payout ratio above 100% (104.14%).

Danske Bank A S raised its stake in Regency Centers Corporation (NASDAQ:REG - Free Report) by 37.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 196,455 shares of the company's stock after purchasing an additional 53,209 shares during the period. Danske Bank A S owned 0.11% of Regency Centers worth $13,561,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Brown Brothers Harriman & Co. grew its stake in shares of Regency Centers by 63.1% during the third quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company's stock worth $30,000 after acquiring an additional 157 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in Regency Centers in the 2nd quarter worth approximately $31,000. Steigerwald Gordon & Koch Inc. purchased a new stake in Regency Centers in the 3rd quarter worth approximately $33,000. MUFG Securities EMEA plc purchased a new stake in Regency Centers in the 2nd quarter worth approximately $34,000. Finally, Financial Consulate Inc. purchased a new stake in Regency Centers in the 3rd quarter worth approximately $38,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

Analyst Ratings Changes

REG has been the subject of several research analyst reports. UBS Group set a $76.00 target price on Regency Centers in a research note on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft upgraded Regency Centers from a "hold" rating to a "buy" rating and set a $83.00 price target on the stock in a report on Tuesday, January 20th. Truist Financial lifted their price target on Regency Centers from $77.00 to $84.00 and gave the stock a "buy" rating in a report on Monday, March 2nd. Morgan Stanley raised their price objective on Regency Centers from $85.00 to $88.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 21st. Finally, Evercore set a $80.00 price objective on Regency Centers in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $80.57.

Insiders Place Their Bets

In related news, Chairman Martin E. Stein, Jr. sold 38,000 shares of the business'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. The trade was 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 the SEC website. 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 insiders.

Regency Centers Stock Performance

Shares of REG opened at $78.65 on Monday. The stock has a 50-day simple moving average of $77.84 and a 200-day simple moving average of $73.32. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.05 and a current ratio of 2.06. The stock has a market capitalization of $14.40 billion, a PE ratio of 27.12, a PEG ratio of 3.38 and a beta of 0.82. Regency Centers Corporation has a 1 year low of $66.86 and a 1 year high of $81.66.

Regency Centers Announces Dividend

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

Regency Centers 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.

Want to see what other hedge funds are holding REG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Regency Centers Corporation (NASDAQ:REG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.