Regency Centers Corporation $REG Stock Position Reduced by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd lessened its stake in Regency Centers Corporation (NASDAQ:REG) by 75.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 20,239 shares of the company’s stock after selling 63,249 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Regency Centers were worth $1,475,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Regency Centers during the 2nd quarter valued at $1,219,335,000. State Street Corp increased its stake in shares of Regency Centers by 3.1% in the third quarter. State Street Corp now owns 12,403,992 shares of the company’s stock worth $912,739,000 after acquiring an additional 368,031 shares during the last quarter. Boston Partners raised its holdings in shares of Regency Centers by 2.1% during the third quarter. Boston Partners now owns 3,540,137 shares of the company’s stock worth $258,062,000 after acquiring an additional 72,584 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Regency Centers by 3.3% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,426,163 shares of the company’s stock worth $172,816,000 after acquiring an additional 77,978 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in Regency Centers by 1.6% during the second quarter. Legal & General Group Plc now owns 1,774,056 shares of the company’s stock valued at $126,366,000 after purchasing an additional 27,507 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Regency Centers Price Performance

Shares of NASDAQ:REG opened at $74.65 on Tuesday. The stock has a market capitalization of $13.65 billion, a P/E ratio of 26.66, a P/E/G ratio of 3.22 and a beta of 0.91. The business has a 50-day moving average of $75.17 and a two-hundred day moving average of $72.05. Regency Centers Corporation has a fifty-two week low of $63.44 and a fifty-two week high of $79.89. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.05 and a quick ratio of 1.05.

Regency Centers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be issued a $0.755 dividend. This represents a $3.02 annualized dividend and a yield of 4.0%. The ex-dividend date is Wednesday, March 11th. Regency Centers’s payout ratio is 107.86%.

Wall Street Analysts Forecast Growth

REG has been the topic of a number of recent research reports. Mizuho restated a “neutral” rating and issued a $74.00 target price (down from $77.00) on shares of Regency Centers in a research note on Friday, January 9th. Truist Financial lifted their price target on Regency Centers from $77.00 to $84.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Citigroup boosted their price target on Regency Centers from $75.00 to $76.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. Scotiabank cut their price objective on shares of Regency Centers from $78.00 to $76.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 14th. Finally, Jefferies Financial Group set a $79.00 target price on shares of Regency Centers in a research note on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Regency Centers currently has a consensus rating of “Moderate Buy” and an average price target of $79.71.

Insider Transactions at Regency Centers

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 38,000 shares of the stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $77.21, for a total transaction of $2,933,980.00. Following the transaction, the chairman owned 157,892 shares in the company, valued at $12,190,841.32. This trade represents a 19.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold a total of 177,490 shares of company stock worth $13,839,932 over the last three months. 1.00% of the stock is owned by corporate 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.