PFA Pension Forsikringsaktieselskab Acquires New Position in Regency Centers Corporation $REG

PFA Pension Forsikringsaktieselskab acquired a new stake in Regency Centers Corporation (NASDAQ:REG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 811,551 shares of the company’s stock, valued at approximately $56,480,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. lifted its position 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 purchasing an additional 157 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in shares of Regency Centers during the 2nd quarter valued at approximately $31,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Regency Centers during the 3rd quarter valued at approximately $33,000. MUFG Securities EMEA plc acquired a new stake in shares of Regency Centers during the 2nd quarter valued at approximately $34,000. Finally, Financial Consulate Inc. acquired a new stake in shares of Regency Centers during the 3rd quarter valued at approximately $38,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

REG has been the subject of a number of research reports. Truist Financial lifted their price target on shares of Regency Centers from $77.00 to $84.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Evercore set a $80.00 price target on shares of Regency Centers in a research report on Friday. Barclays lifted their price target on shares of Regency Centers from $82.00 to $85.00 and gave the company an “overweight” rating in a research report on Monday, March 2nd. Scotiabank lifted their price target on shares of Regency Centers from $76.00 to $82.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 24th. Finally, Royal Bank Of Canada upgraded shares of Regency Centers to a “sector perform” rating in a research report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $80.57.

Regency Centers Trading Up 1.0%

Shares of Regency Centers stock opened at $78.65 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.06 and a quick ratio of 1.05. Regency Centers Corporation has a 1 year low of $66.86 and a 1 year high of $81.66. The company has a market capitalization 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. The business has a 50 day moving average price of $77.84 and a 200 day moving average price of $73.31.

Regency Centers Announces Dividend

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

Insider Buying and Selling

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 38,000 shares of Regency Centers stock in a transaction that occurred on 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 directly owned 157,892 shares of the company’s stock, valued at approximately $12,190,841.32. The trade was a 19.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have sold 177,490 shares of company stock valued at $13,839,932. 1.00% of the stock is currently owned by insiders.

About Regency Centers

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.