PensionDanmark Pensionsforsikringsaktieselskab Boosts Stock Holdings in Regency Centers Corporation $REG

Key Points

• PensionDanmark increased its Regency Centers stake by 344% in the second quarter, ending with 22,155 shares valued at approximately $1.77 million. Institutional investors collectively own 96.07% of the REIT.
• Analysts maintain a generally positive outlook, with Regency Centers receiving a consensus “Moderate Buy” rating and an average price target of $83.82; Barclays raised its target to $90 and rated the stock “overweight.”
• Regency Centers declared a quarterly dividend of $0.755 per share, equivalent to $3.02 annually and a 4.0% yield, although its payout ratio stands at 102.37%.

PensionDanmark Pensionsforsikringsaktieselskab raised its position in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 344.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,155 shares of the company's stock after purchasing an additional 17,165 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab's holdings in Regency Centers were worth $1,769,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. AQR Capital Management LLC increased its holdings in Regency Centers by 15.4% in the 1st quarter. AQR Capital Management LLC now owns 64,337 shares of the company's stock worth $4,701,000 after acquiring an additional 8,563 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Regency Centers by 3.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,894 shares of the company's stock worth $1,099,000 after purchasing an additional 557 shares in the last quarter. Empowered Funds LLC raised its position in shares of Regency Centers by 9.6% in the first quarter. Empowered Funds LLC now owns 5,856 shares of the company's stock valued at $432,000 after purchasing an additional 511 shares during the period. Jane Street Group LLC raised its position in shares of Regency Centers by 81.5% in the first quarter. Jane Street Group LLC now owns 8,247 shares of the company's stock valued at $608,000 after purchasing an additional 3,702 shares during the period. Finally, Intech Investment Management LLC lifted its stake in shares of Regency Centers by 47.6% during the 1st quarter. Intech Investment Management LLC now owns 20,011 shares of the company's stock valued at $1,476,000 after buying an additional 6,451 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Regency Centers

In other Regency Centers news, insider Terah L. Devereaux sold 1,240 shares of Regency Centers stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $80.14, for a total transaction of $99,373.60. Following the completion of the sale, the insider directly owned 17,990 shares in the company, valued at $1,441,718.60. The trade was a 6.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently commented on REG. Evercore set a $83.00 price objective on shares of Regency Centers in a report on Thursday, July 30th. Weiss Ratings upgraded Regency Centers from a "buy (b)" rating to a "buy (b+)" rating in a research report on Wednesday, August 5th. LADENBURG THALM/SH SH lifted their price target on Regency Centers from $83.00 to $85.00 and gave the company a "neutral" rating in a research report on Friday, July 31st. Argus set a $85.00 price objective on Regency Centers in a research note on Monday. Finally, Barclays increased their price objective on Regency Centers from $85.00 to $90.00 and gave the stock an "overweight" rating in a report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $83.82.

Regency Centers Price Performance

Shares of NASDAQ REG opened at $76.11 on Tuesday. The stock's 50-day simple moving average is $79.66 and its two-hundred day simple moving average is $77.88. Regency Centers Corporation has a twelve month low of $66.86 and a twelve month high of $83.66. The firm has a market capitalization of $13.94 billion, a P/E ratio of 25.80, a P/E/G ratio of 3.22 and a beta of 0.80. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.71.

Regency Centers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be paid a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, September 11th. Regency Centers's dividend payout ratio (DPR) is currently 102.37%.

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source