California State Teachers Retirement System Purchases 26,175 Shares of Regency Centers Co. (NASDAQ:REG)

California State Teachers Retirement System increased its holdings in Regency Centers Co. (NASDAQ:REG - Free Report) by 11.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 250,988 shares of the company's stock after purchasing an additional 26,175 shares during the period. California State Teachers Retirement System owned 0.14% of Regency Centers worth $18,556,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new position in Regency Centers in the 4th quarter worth approximately $26,000. National Pension Service purchased a new stake in shares of Regency Centers during the 4th quarter worth approximately $27,000. TD Waterhouse Canada Inc. raised its holdings in shares of Regency Centers by 48,700.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock worth $36,000 after acquiring an additional 487 shares in the last quarter. Canada Post Corp Registered Pension Plan purchased a new stake in shares of Regency Centers during the 4th quarter worth approximately $39,000. Finally, Ameriflex Group Inc. purchased a new stake in shares of Regency Centers during the 4th quarter worth approximately $53,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Regency Centers

In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $72.44, for a total value of $301,205.52. Following the transaction, the insider now owns 33,069 shares of the company's stock, valued at $2,395,518.36. This represents a 11.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $73.48, for a total value of $3,674,000.00. Following the completion of the transaction, the chairman now directly owns 110,263 shares in the company, valued at $8,102,125.24. This trade represents a 31.20% decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Regency Centers Trading Down 0.9%

NASDAQ:REG traded down $0.63 during midday trading on Friday, hitting $71.76. 2,067,620 shares of the company traded hands, compared to its average volume of 1,054,657. The firm's fifty day moving average is $71.52 and its 200-day moving average is $72.70. Regency Centers Co. has a 12-month low of $60.00 and a 12-month high of $78.18. The firm has a market capitalization of $13.03 billion, a P/E ratio of 33.85, a P/E/G ratio of 3.75 and a beta of 1.02. The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66.

Regency Centers (NASDAQ:REG - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.01. The company had revenue of $370.35 million for the quarter, compared to analyst estimates of $364.64 million. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. During the same quarter in the prior year, the firm posted $1.08 EPS. On average, sell-side analysts predict that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 11th will be given a $0.705 dividend. This represents a $2.82 annualized dividend and a yield of 3.93%. The ex-dividend date is Wednesday, June 11th. Regency Centers's dividend payout ratio (DPR) is presently 133.02%.

Analysts Set New Price Targets

Several analysts have recently issued reports on REG shares. Scotiabank decreased their price objective on Regency Centers from $76.00 to $75.00 and set a "sector perform" rating on the stock in a report on Monday, May 12th. Wells Fargo & Company decreased their price objective on Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Finally, Truist Financial upped their price objective on Regency Centers from $78.00 to $79.00 and gave the stock a "buy" rating in a report on Monday, May 19th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $78.08.

Regency Centers 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.