Employees Retirement System of Texas Raises Position in Regency Centers Co. (NASDAQ:REG)

Employees Retirement System of Texas raised its holdings in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 35.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 162,060 shares of the company's stock after purchasing an additional 42,000 shares during the quarter. Employees Retirement System of Texas owned 0.09% of Regency Centers worth $11,981,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of REG. State of Wyoming lifted its holdings in shares of Regency Centers by 11.3% in the fourth quarter. State of Wyoming now owns 1,543 shares of the company's stock valued at $114,000 after purchasing an additional 157 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in Regency Centers by 3.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,845 shares of the company's stock valued at $356,000 after acquiring an additional 164 shares in the last quarter. Greenleaf Trust boosted its holdings in Regency Centers by 3.8% during the 4th quarter. Greenleaf Trust now owns 4,735 shares of the company's stock worth $350,000 after acquiring an additional 172 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Regency Centers by 27.9% during the 4th quarter. Farther Finance Advisors LLC now owns 1,003 shares of the company's stock worth $74,000 after acquiring an additional 219 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its stake in shares of Regency Centers by 7.7% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,395 shares of the company's stock worth $251,000 after acquiring an additional 244 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Regency Centers Stock Performance

Shares of REG stock traded down $0.63 during trading hours on Friday, hitting $71.76. 2,067,620 shares of the company were exchanged, compared to its average volume of 1,055,502. Regency Centers Co. has a 52-week low of $59.22 and a 52-week high of $78.18. The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. The firm has a fifty day simple moving average of $71.53 and a 200 day simple moving average of $72.72. The stock has a market capitalization of $13.03 billion, a price-to-earnings ratio of 33.85, a P/E/G ratio of 3.75 and a beta of 1.02.

Regency Centers (NASDAQ:REG - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.01. The firm 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 period in the previous year, the company posted $1.08 earnings per share. Research analysts predict that Regency Centers Co. will post 4.54 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Wells Fargo & Company dropped their price target on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Truist Financial increased their price objective on shares of Regency Centers from $78.00 to $79.00 and gave the company a "buy" rating in a research note on Monday, May 19th. Finally, Scotiabank reduced their target price on Regency Centers from $76.00 to $75.00 and set a "sector perform" rating for the company in a report on Monday, May 12th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $78.08.

Insider Activity

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

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.