Regency Centers Corporation $REG Shares Purchased by Varma Mutual Pension Insurance Co

Varma Mutual Pension Insurance Co increased its holdings in shares of Regency Centers Corporation (NASDAQ:REG) by 8.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 155,237 shares of the company’s stock after buying an additional 12,300 shares during the quarter. Varma Mutual Pension Insurance Co’s holdings in Regency Centers were worth $11,317,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in REG. Park Avenue Securities LLC lifted its holdings in shares of Regency Centers by 5.2% during the 3rd quarter. Park Avenue Securities LLC now owns 3,040 shares of the company’s stock worth $222,000 after acquiring an additional 149 shares during the period. Atria Investments Inc increased its position in Regency Centers by 3.3% during the second quarter. Atria Investments Inc now owns 4,847 shares of the company’s stock worth $345,000 after purchasing an additional 156 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Regency Centers by 13.9% during the third quarter. Jones Financial Companies Lllp now owns 1,293 shares of the company’s stock worth $92,000 after purchasing an additional 158 shares during the period. Cibc World Market Inc. boosted its holdings in shares of Regency Centers by 0.4% in the 3rd quarter. Cibc World Market Inc. now owns 43,561 shares of the company’s stock valued at $3,176,000 after purchasing an additional 161 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Regency Centers by 12.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,437 shares of the company’s stock valued at $102,000 after buying an additional 162 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Regency Centers Price Performance

REG opened at $76.18 on Friday. Regency Centers Corporation has a twelve month low of $63.44 and a twelve month high of $78.18. The firm has a market cap of $13.93 billion, a price-to-earnings ratio of 27.21, a PEG ratio of 2.81 and a beta of 0.94. The company has a current ratio of 1.05, a quick ratio of 1.20 and a debt-to-equity ratio of 0.68. The company has a fifty day simple moving average of $70.68 and a 200 day simple moving average of $71.07.

Regency Centers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be given a dividend of $0.755 per share. This represents a $3.02 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, March 11th. Regency Centers’s payout ratio is presently 107.86%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on REG. Citigroup increased their target price on Regency Centers from $75.00 to $76.00 and gave the stock a “neutral” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft raised shares of Regency Centers from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research report on Tuesday, January 20th. UBS Group set a $76.00 price target on shares of Regency Centers in a research report on Wednesday, January 14th. Barclays raised shares of Regency Centers from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $83.00 to $82.00 in a research note on Tuesday, November 18th. Finally, Wells Fargo & Company upped their price target on shares of Regency Centers from $81.00 to $82.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, Regency Centers presently has an average rating of “Hold” and an average price target of $78.79.

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.