Swiss National Bank Lowers Holdings in Regency Centers Co. (NASDAQ:REG)

Swiss National Bank decreased its holdings in Regency Centers Co. (NASDAQ:REG) by 6.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 487,028 shares of the company’s stock after selling 32,700 shares during the quarter. Swiss National Bank’s holdings in Regency Centers were worth $36,006,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in REG. Farther Finance Advisors LLC raised its holdings in Regency Centers by 27.9% in the fourth quarter. Farther Finance Advisors LLC now owns 1,003 shares of the company’s stock valued at $74,000 after acquiring an additional 219 shares in the last quarter. HighTower Advisors LLC raised its holdings in Regency Centers by 47.4% in the fourth quarter. HighTower Advisors LLC now owns 43,253 shares of the company’s stock valued at $3,198,000 after acquiring an additional 13,911 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in Regency Centers by 17.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 246,498 shares of the company’s stock valued at $18,224,000 after acquiring an additional 35,766 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Regency Centers by 115.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 367,238 shares of the company’s stock valued at $27,150,000 after acquiring an additional 196,775 shares in the last quarter. Finally, Amundi raised its holdings in Regency Centers by 29.2% in the fourth quarter. Amundi now owns 447,837 shares of the company’s stock valued at $31,416,000 after acquiring an additional 101,258 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Insider Buying and Selling

In related news, CEO Lisa Palmer sold 25,000 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $73.26, for a total value of $1,831,500.00. Following the completion of the transaction, the chief executive officer now owns 139,923 shares of the company’s stock, valued at approximately $10,250,758.98. The trade was a 15.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $73.48, for a total transaction of $3,674,000.00. Following the completion of the transaction, the chairman now directly owns 110,263 shares of the company’s stock, valued at $8,102,125.24. The trade was a 31.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 95,000 shares of company stock worth $6,977,500 in the last three months. Corporate insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on REG shares. Mizuho raised their price objective on shares of Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. Evercore ISI cut their price objective on shares of Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a report on Tuesday, December 24th. Wells Fargo & Company cut their price objective on shares of Regency Centers from $81.00 to $80.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. Finally, BTIG Research raised their price objective on shares of Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $78.08.

Regency Centers Price Performance

Shares of NASDAQ REG opened at $71.07 on Monday. The firm has a market capitalization of $12.89 billion, a P/E ratio of 33.52, a PEG ratio of 3.75 and a beta of 1.23. Regency Centers Co. has a one year low of $56.51 and a one year high of $78.18. The company’s fifty day moving average is $72.81 and its two-hundred day moving average is $73.03. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85.

Regency Centers (NASDAQ:REG) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.48 by $0.61. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. Analysts forecast that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be given a $0.705 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $2.82 annualized dividend and a dividend yield of 3.97%. Regency Centers’s dividend payout ratio is presently 133.02%.

Regency Centers Company 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.