Forsta AP Fonden Decreases Position in Regency Centers Corp (REG)

Forsta AP Fonden lowered its position in shares of Regency Centers Corp (NYSE:REG) by 5.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 87,005 shares of the real estate investment trust’s stock after selling 5,300 shares during the quarter. Forsta AP Fonden’s holdings in Regency Centers were worth $5,872,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Quadrant Capital Group LLC boosted its position in shares of Regency Centers by 398.4% in the 1st quarter. Quadrant Capital Group LLC now owns 623 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 498 shares during the period. Enlightenment Research LLC acquired a new position in shares of Regency Centers in the 4th quarter valued at $47,000. Bessemer Group Inc. boosted its position in shares of Regency Centers by 367.9% in the 4th quarter. Bessemer Group Inc. now owns 2,171 shares of the real estate investment trust’s stock valued at $127,000 after purchasing an additional 1,707 shares during the period. ETF Managers Group LLC boosted its position in shares of Regency Centers by 18.9% in the 4th quarter. ETF Managers Group LLC now owns 2,268 shares of the real estate investment trust’s stock valued at $133,000 after purchasing an additional 360 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of Regency Centers in the 1st quarter valued at $146,000. 93.87% of the stock is owned by institutional investors and hedge funds.

In other Regency Centers news, insider H Craig Ramey sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $66.90, for a total transaction of $66,900.00. Following the completion of the sale, the insider now directly owns 16,976 shares in the company, valued at approximately $1,135,694.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP James D. Thompson sold 14,000 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $66.26, for a total value of $927,640.00. Following the sale, the vice president now owns 63,249 shares of the company’s stock, valued at $4,190,878.74. The disclosure for this sale can be found here. Insiders have sold a total of 102,941 shares of company stock valued at $6,700,525 over the last 90 days. Corporate insiders own 1.10% of the company’s stock.

A number of equities analysts recently weighed in on REG shares. Zacks Investment Research upgraded Regency Centers from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research report on Tuesday, January 29th. Barclays upgraded Regency Centers from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $63.00 to $69.00 in a research report on Monday, February 4th. BMO Capital Markets set a $64.00 price target on Regency Centers and gave the company a “hold” rating in a research report on Thursday, February 14th. SunTrust Banks reiterated a “buy” rating and issued a $70.00 price target on shares of Regency Centers in a research report on Friday, February 22nd. Finally, Citigroup set a $75.00 price target on Regency Centers and gave the company a “buy” rating in a research report on Friday, February 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. Regency Centers currently has a consensus rating of “Buy” and an average target price of $69.23.

Shares of NYSE REG opened at $67.09 on Monday. Regency Centers Corp has a one year low of $55.38 and a one year high of $69.01. The stock has a market cap of $11.22 billion, a price-to-earnings ratio of 18.18, a price-to-earnings-growth ratio of 2.50 and a beta of 0.37. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.87 and a quick ratio of 0.87.

Regency Centers (NYSE:REG) last announced its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.95 EPS for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.01). Regency Centers had a return on equity of 3.86% and a net margin of 23.19%. The business had revenue of $286.26 million for the quarter, compared to analyst estimates of $274.40 million. During the same quarter in the previous year, the business posted $0.96 earnings per share. Equities analysts expect that Regency Centers Corp will post 3.78 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Monday, May 13th will be given a dividend of $0.585 per share. The ex-dividend date is Friday, May 10th. This is a positive change from Regency Centers’s previous quarterly dividend of $0.38. This represents a $2.34 dividend on an annualized basis and a yield of 3.49%. Regency Centers’s dividend payout ratio (DPR) is presently 63.41%.

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Regency Centers Company Profile

Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. 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.

See Also: Diversification

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Institutional Ownership by Quarter for Regency Centers (NYSE:REG)

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