Regency Centers Corporation (NASDAQ:REG) Shares Purchased by Forsta AP Fonden

Key Points

• Forsta AP Fonden increased its stake in Regency Centers Corporation (NASDAQ:REG) by 31.4% in Q1, now holding a total of 69,500 shares valued at approximately $5.1 million.
• Regency Centers reported a quarterly earnings of $1.16 per share, surpassing the consensus estimate by $0.04, alongside a revenue increase of 6.6% year-over-year.
• The firm has announced a quarterly dividend of $0.705 per share, representing an annualized yield of 3.9%, with a payout ratio currently at 131.78%.

Forsta AP Fonden increased its holdings in Regency Centers Corporation (NASDAQ:REG - Free Report) by 31.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,500 shares of the company's stock after buying an additional 16,600 shares during the period. Forsta AP Fonden's holdings in Regency Centers were worth $5,126,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of REG. National Bank of Canada FI grew its holdings in Regency Centers by 91.1% in the first quarter. National Bank of Canada FI now owns 123,072 shares of the company's stock worth $9,078,000 after purchasing an additional 58,664 shares during the last quarter. Citigroup Inc. grew its holdings in Regency Centers by 32.3% in the first quarter. Citigroup Inc. now owns 396,653 shares of the company's stock worth $29,257,000 after purchasing an additional 96,867 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Regency Centers by 1.6% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 386,564 shares of the company's stock worth $28,513,000 after purchasing an additional 5,995 shares during the last quarter. Deutsche Bank AG grew its holdings in Regency Centers by 37.7% in the first quarter. Deutsche Bank AG now owns 1,119,554 shares of the company's stock worth $82,578,000 after purchasing an additional 306,464 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Regency Centers by 0.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,348,185 shares of the company's stock worth $173,202,000 after purchasing an additional 19,675 shares during the last quarter. Institutional investors own 96.07% of the company's stock.

Insider Buying and Selling at Regency Centers

In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $72.44, for a total value of $301,205.52. Following the completion of the transaction, the insider owned 33,069 shares in the company, valued at approximately $2,395,518.36. This represents a 11.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.00% of the company's stock.

Regency Centers Stock Performance

Shares of REG stock traded up $0.14 on Wednesday, hitting $72.02. The company had a trading volume of 1,592,569 shares, compared to its average volume of 1,105,948. The company has a 50-day moving average price of $70.97 and a 200-day moving average price of $71.86. The firm has a market cap of $13.08 billion, a P/E ratio of 33.65, a price-to-earnings-growth ratio of 3.43 and a beta of 1.05. Regency Centers Corporation has a twelve month low of $63.44 and a twelve month high of $78.18. 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 issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.16 earnings per share for the quarter, topping analysts' consensus estimates of $1.12 by $0.04. The business had revenue of $369.85 million during the quarter, compared to the consensus estimate of $366.35 million. Regency Centers had a net margin of 27.00% and a return on equity of 6.05%. The company's revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.06 earnings per share. As a group, equities research analysts predict that Regency Centers Corporation will post 4.54 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be given a $0.705 dividend. The ex-dividend date is Thursday, September 11th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.9%. Regency Centers's dividend payout ratio is 131.78%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on REG shares. Barclays initiated coverage on shares of Regency Centers in a report on Wednesday, July 2nd. They issued an "equal weight" rating and a $77.00 price target on the stock. Truist Financial boosted their price objective on shares of Regency Centers from $78.00 to $79.00 and gave the company a "buy" rating in a report on Monday, May 19th. Evercore ISI boosted their price objective on shares of Regency Centers from $79.00 to $80.00 and gave the company an "in-line" rating in a report on Wednesday, July 30th. Mizuho dropped their price objective on shares of Regency Centers from $79.00 to $74.00 and set an "outperform" rating on the stock in a report on Thursday, July 17th. Finally, Robert W. Baird boosted their price objective on shares of Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $77.92.

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.