Swedbank AB Grows Stock Holdings in Regency Centers Corporation $REG

Swedbank AB raised its stake in shares of Regency Centers Corporation (NASDAQ:REG) by 11.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 231,660 shares of the company’s stock after acquiring an additional 23,355 shares during the period. Swedbank AB’s holdings in Regency Centers were worth $16,888,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in REG. Raymond James Financial Inc. increased its holdings in shares of Regency Centers by 14.4% in the first quarter. Raymond James Financial Inc. now owns 184,511 shares of the company’s stock valued at $13,610,000 after purchasing an additional 23,209 shares during the period. Jump Financial LLC purchased a new position in Regency Centers in the 1st quarter valued at $1,345,000. GKV Capital Management Co. Inc. acquired a new position in Regency Centers in the 1st quarter valued at $40,000. Evergreen Capital Management LLC increased its stake in Regency Centers by 18.3% in the 1st quarter. Evergreen Capital Management LLC now owns 6,327 shares of the company’s stock valued at $467,000 after buying an additional 980 shares during the period. Finally, Nomura Holdings Inc. lifted its stake in shares of Regency Centers by 67.0% in the 1st quarter. Nomura Holdings Inc. now owns 40,661 shares of the company’s stock worth $2,999,000 after acquiring an additional 16,313 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

Regency Centers Stock Performance

REG opened at $69.55 on Friday. Regency Centers Corporation has a 1-year low of $63.44 and a 1-year high of $78.18. The stock has a market cap of $12.72 billion, a P/E ratio of 32.05, a P/E/G ratio of 2.70 and a beta of 0.93. The stock’s 50 day simple moving average is $69.79 and its 200 day simple moving average is $70.78. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.20 and a quick ratio of 1.20.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.15. The firm had revenue of $387.57 million during the quarter, compared to analysts’ expectations of $374.83 million. Regency Centers had a return on equity of 6.14% and a net margin of 27.04%.During the same period in the previous year, the firm posted $1.07 earnings per share. Regency Centers has set its FY 2025 guidance at 4.620-4.640 EPS. As a group, equities analysts anticipate that Regency Centers Corporation will post 4.54 EPS for the current fiscal year.

Regency Centers Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Monday, December 15th will be given a $0.755 dividend. The ex-dividend date is Monday, December 15th. This represents a $3.02 annualized dividend and a dividend yield of 4.3%. This is a boost from Regency Centers’s previous quarterly dividend of $0.71. Regency Centers’s payout ratio is presently 139.17%.

Insider Buying and Selling

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the firm’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $70.02, for a total transaction of $1,050,300.00. Following the completion of the transaction, the chairman directly owned 272,958 shares in the company, valued at approximately $19,112,519.16. This trade represents a 5.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on REG shares. Wall Street Zen upgraded shares of Regency Centers from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $76.00 price objective (down previously from $81.00) on shares of Regency Centers in a report on Thursday, December 18th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Regency Centers in a research report on Monday. UBS Group cut Regency Centers from a “hold” rating to a “sell” rating in a report on Thursday, December 4th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Regency Centers in a report on Thursday, December 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $78.40.

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.