PFA Pension Forsikringsaktieselskab Buys New Stake in Regency Centers Corporation $REG

PFA Pension Forsikringsaktieselskab bought a new stake in Regency Centers Corporation (NASDAQ:REG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 811,551 shares of the company's stock, valued at approximately $56,480,000. PFA Pension Forsikringsaktieselskab owned about 0.44% of Regency Centers at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of REG. Brown Brothers Harriman & Co. increased its holdings 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 position in Regency Centers in the second quarter valued at $31,000. Steigerwald Gordon & Koch Inc. purchased a new position in Regency Centers in the third quarter valued at $33,000. MUFG Securities EMEA plc purchased a new position in Regency Centers in the second quarter valued at $34,000. Finally, Financial Consulate Inc. purchased a new position in Regency Centers in the third quarter valued at $38,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

Regency Centers Stock Performance

NASDAQ REG opened at $78.65 on Friday. The company has a quick ratio of 1.05, a current ratio of 2.06 and a debt-to-equity ratio of 0.72. Regency Centers Corporation has a 52-week low of $66.86 and a 52-week high of $81.66. The business's 50-day moving average price is $77.84 and its 200 day moving average price is $73.31. The firm has a market cap of $14.40 billion, a P/E ratio of 27.12, a P/E/G ratio of 3.38 and a beta of 0.83.

Regency Centers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th were given a $0.755 dividend. The ex-dividend date was Wednesday, March 11th. This represents a $3.02 dividend on an annualized basis and a yield of 3.8%. Regency Centers's dividend payout ratio (DPR) is presently 104.14%.

Analysts Set New Price Targets

REG has been the topic of several recent analyst reports. Scotiabank increased their target price on Regency Centers from $76.00 to $82.00 and gave the company a "sector perform" rating in a report on Tuesday, March 24th. Evercore set a $80.00 price objective on Regency Centers in a report on Friday. Deutsche Bank Aktiengesellschaft raised Regency Centers from a "hold" rating to a "buy" rating and set a $83.00 price objective on the stock in a report on Tuesday, January 20th. UBS Group set a $76.00 price objective on Regency Centers in a report on Wednesday, January 14th. Finally, Truist Financial raised their price objective on Regency Centers from $77.00 to $84.00 and gave the stock a "buy" rating in a report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $80.57.

Insider Buying and Selling

In related news, Chairman Martin E. Stein, Jr. sold 38,000 shares of the firm's stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $77.21, for a total value 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 trade represents a 19.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 177,490 shares of company stock valued at $13,839,932 in the last three months. 1.00% of the stock is owned by company insiders.

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.

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