Regency Centers Corporation $REG Position Increased by Varma Mutual Pension Insurance Co

Varma Mutual Pension Insurance Co increased its position in shares of Regency Centers Corporation (NASDAQ:REG) by 27.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 197,737 shares of the company’s stock after buying an additional 42,500 shares during the quarter. Varma Mutual Pension Insurance Co’s holdings in Regency Centers were worth $13,650,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Brown Brothers Harriman & Co. raised its holdings in Regency Centers by 63.1% during 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 in the last quarter. CYBER HORNET ETFs LLC bought a new position in Regency Centers during the second quarter valued at about $31,000. Steigerwald Gordon & Koch Inc. bought a new position in Regency Centers during the third quarter valued at about $33,000. MUFG Securities EMEA plc bought a new position in Regency Centers during the second quarter valued at about $34,000. Finally, Financial Consulate Inc. bought a new position in Regency Centers during the third quarter valued at about $38,000. 96.07% of the stock is currently owned by institutional investors.

Regency Centers Trading Up 0.1%

Regency Centers stock opened at $78.75 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.05 and a current ratio of 2.06. The business’s 50-day simple moving average is $77.84 and its 200-day simple moving average is $73.32. The firm has a market capitalization of $14.42 billion, a PE ratio of 27.16, a PEG ratio of 3.38 and a beta of 0.82. Regency Centers Corporation has a 52 week low of $66.86 and a 52 week high of $81.66.

Regency Centers Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Scotiabank raised 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 target price on Regency Centers in a report on Friday. Robert W. Baird set a $84.00 target price on Regency Centers in a report on Tuesday, February 10th. Morgan Stanley raised their target price on Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Finally, Truist Financial raised their target price on Regency Centers from $77.00 to $84.00 and gave the company a “buy” rating in a report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $80.57.

Insider Activity at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 129,490 shares of Regency Centers stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $78.33, for a total value of $10,142,951.70. Following the transaction, the chairman directly owned 195,892 shares in the company, valued at approximately $15,344,220.36. The trade was a 39.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 177,490 shares of company stock valued at $13,839,932 in the last 90 days. Insiders own 1.00% of the company’s stock.

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.