Fjarde AP Fonden Fourth Swedish National Pension Fund Cuts Stock Position in Regency Centers Corporation (NASDAQ:REG)

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in Regency Centers Corporation by 20.8%, now holding 54,160 shares valued at $3,995,000.
• Several institutional investors increased their stakes in Regency Centers, with the National Pension Service boosting its holdings by 75.2%.
• Regency Centers announced a quarterly dividend of $0.705 per share, with an annualized yield of 4.0%, despite having a payout ratio of 131.78%.

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its position in Regency Centers Corporation (NASDAQ:REG - Free Report) by 20.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,160 shares of the company's stock after selling 14,200 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Regency Centers were worth $3,995,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Regency Centers by 17.6% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,779 shares of the company's stock worth $426,000 after acquiring an additional 864 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of Regency Centers by 42.3% in the first quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company's stock worth $37,000 after acquiring an additional 150 shares during the last quarter. National Pension Service boosted its stake in shares of Regency Centers by 75.2% in the first quarter. National Pension Service now owns 643 shares of the company's stock worth $47,000 after acquiring an additional 276 shares during the last quarter. GKV Capital Management Co. Inc. acquired a new stake in shares of Regency Centers in the first quarter worth approximately $40,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of Regency Centers by 112.9% in the first quarter. Russell Investments Group Ltd. now owns 321,812 shares of the company's stock worth $23,696,000 after acquiring an additional 170,684 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Regency Centers Stock Performance

Shares of Regency Centers stock opened at $71.02 on Friday. Regency Centers Corporation has a 52 week low of $63.44 and a 52 week high of $78.18. The business's fifty day simple moving average is $70.95 and its 200-day simple moving average is $71.84. The firm has a market cap of $12.89 billion, a PE ratio of 33.19, a price-to-earnings-growth ratio of 3.40 and a beta of 1.05. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.72.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.12 by $0.04. Regency Centers had a return on equity of 6.05% and a net margin of 27.00%. The business had revenue of $369.85 million for the quarter, compared to analyst estimates of $366.35 million. During the same quarter in the prior year, the company posted $1.06 EPS. The company's quarterly revenue was up 6.6% on a year-over-year basis. Equities analysts forecast that Regency Centers Corporation will post 4.54 earnings per share for the current year.

Regency Centers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be issued a $0.705 dividend. This represents a $2.82 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Thursday, September 11th. Regency Centers's payout ratio is currently 131.78%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Robert W. Baird boosted their price objective on Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Wall Street Zen lowered Regency Centers from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. Scotiabank lowered their price objective on Regency Centers from $76.00 to $75.00 and set a "sector perform" rating on the stock in a research note on Monday, May 12th. Truist Financial set a $81.00 price objective on Regency Centers in a research note on Friday. Finally, Mizuho lowered their price objective on Regency Centers from $79.00 to $74.00 and set an "outperform" rating on the stock in a research note on Thursday, July 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Regency Centers currently has an average rating of "Moderate Buy" and an average price target of $78.33.

Insider Activity

In related news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the business's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $72.44, for a total value of $301,205.52. Following the sale, the insider owned 33,069 shares in the company, valued at approximately $2,395,518.36. The trade was a 11.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company's stock.

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.

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