Regency Centers Corporation $REG Shares Sold by Swiss National Bank

Key Points

• Swiss National Bank trimmed its stake in Regency Centers by 4.8% in Q3, selling 25,000 shares and leaving it with 497,028 shares (about 0.27% of the company) valued at roughly $36.2 million.
• Chairman Martin E. Stein, Jr. sold 38,000 shares at an average price of $77.21 (a 19.4% reduction in his holding), and insiders have sold 177,490 shares totaling about $13.84 million over the past 90 days.
• Regency declared a quarterly dividend of $0.755 per share (annualized $3.02) for a yield of 3.9%, with shareholders of record and the ex-dividend date on March 11 and a payment on April 1; the payout ratio is 107.86%.

Swiss National Bank lowered its position in Regency Centers Corporation (NASDAQ:REG - Free Report) by 4.8% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 497,028 shares of the company's stock after selling 25,000 shares during the period. Swiss National Bank owned 0.27% of Regency Centers worth $36,233,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Wolverine Asset Management LLC purchased a new stake in shares of Regency Centers in the 3rd quarter valued at approximately $1,083,000. Inspire Investing LLC raised its position in shares of Regency Centers by 441.4% during the 3rd quarter. Inspire Investing LLC now owns 21,736 shares of the company's stock valued at $1,585,000 after buying an additional 17,721 shares during the period. Centersquare Investment Management LLC lifted its holdings in Regency Centers by 5.7% in the third quarter. Centersquare Investment Management LLC now owns 351,963 shares of the company's stock valued at $25,658,000 after acquiring an additional 18,997 shares during the last quarter. Geode Capital Management LLC grew its position in Regency Centers by 1.4% in the second quarter. Geode Capital Management LLC now owns 4,786,646 shares of the company's stock worth $339,669,000 after acquiring an additional 65,719 shares during the period. Finally, Pacific Heights Asset Management LLC grew its position in Regency Centers by 50.0% in the third quarter. Pacific Heights Asset Management LLC now owns 225,000 shares of the company's stock worth $16,402,000 after acquiring an additional 75,000 shares during the period. Institutional investors and hedge funds own 96.07% of the company's stock.

Regency Centers Trading Up 0.5%

Shares of REG traded up $0.36 during midday trading on Friday, hitting $76.91. 93,807 shares of the stock were exchanged, compared to its average volume of 1,324,851. Regency Centers Corporation has a 52-week low of $63.44 and a 52-week high of $79.89. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a fifty day simple moving average of $74.22 and a 200 day simple moving average of $71.87. The firm has a market cap of $14.07 billion, a P/E ratio of 27.44, a P/E/G ratio of 3.34 and a beta of 0.91.

Regency Centers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be given a $0.755 dividend. This represents a $3.02 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, March 11th. Regency Centers's payout ratio is currently 107.86%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Royal Bank Of Canada upgraded Regency Centers to a "sector perform" rating in a research report on Friday, January 9th. Weiss Ratings upgraded Regency Centers from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, February 17th. UBS Group set a $76.00 price objective on Regency Centers in a research report on Wednesday, January 14th. Scotiabank reduced their price objective on shares of Regency Centers from $78.00 to $76.00 and set a "sector perform" rating on the stock in a report on Wednesday, January 14th. Finally, Citigroup upped their target price on shares of Regency Centers from $75.00 to $76.00 and gave the company a "neutral" rating in a research report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $79.50.

Insider Transactions at Regency Centers

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 38,000 shares of the business's stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $77.21, for a total transaction of $2,933,980.00. Following the sale, the chairman directly owned 157,892 shares in the company, valued at $12,190,841.32. This 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 the SEC website. Insiders have sold 177,490 shares of company stock worth $13,839,932 in the last 90 days. 1.00% of the stock is owned by corporate insiders.

Regency Centers Company 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.