Public Employees Retirement System of Ohio Has $21.98 Million Stake in Regency Centers Co. (NASDAQ:REG)

Public Employees Retirement System of Ohio trimmed its position in Regency Centers Co. (NASDAQ:REG - Free Report) by 2.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 297,273 shares of the company's stock after selling 7,534 shares during the period. Public Employees Retirement System of Ohio owned about 0.16% of Regency Centers worth $21,977,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in REG. Norges Bank acquired a new stake in Regency Centers during the fourth quarter worth about $1,262,425,000. Invesco Ltd. increased its holdings in shares of Regency Centers by 121.2% during the 4th quarter. Invesco Ltd. now owns 5,374,450 shares of the company's stock worth $397,333,000 after buying an additional 2,944,854 shares during the last quarter. Northern Trust Corp raised its position in shares of Regency Centers by 64.1% during the 4th quarter. Northern Trust Corp now owns 2,781,614 shares of the company's stock valued at $205,645,000 after buying an additional 1,086,797 shares during the period. Prudential Financial Inc. raised its position in shares of Regency Centers by 51.7% during the 4th quarter. Prudential Financial Inc. now owns 2,155,589 shares of the company's stock valued at $159,363,000 after buying an additional 734,210 shares during the period. Finally, California Public Employees Retirement System grew its position in Regency Centers by 137.2% in the fourth quarter. California Public Employees Retirement System now owns 776,521 shares of the company's stock worth $57,408,000 after acquiring an additional 449,110 shares during the period. Institutional investors and hedge funds own 96.07% of the company's stock.

Analyst Ratings Changes

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

Regency Centers Stock Down 0.6%

NASDAQ:REG traded down $0.43 during trading hours on Friday, reaching $71.96. The company's stock had a trading volume of 230,471 shares, compared to its average volume of 1,048,272. Regency Centers Co. has a one year low of $59.22 and a one year high of $78.18. The business's 50-day moving average is $71.53 and its 200-day moving average is $72.72. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95. The company has a market cap of $13.06 billion, a price-to-earnings ratio of 33.96, a price-to-earnings-growth ratio of 3.75 and a beta of 1.02.

Regency Centers (NASDAQ:REG - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.01. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. The company had revenue of $370.35 million during the quarter, compared to analyst estimates of $364.64 million. During the same period in the previous year, the company earned $1.08 earnings per share. Equities research analysts predict that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 11th will be issued a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date is Wednesday, June 11th. Regency Centers's dividend payout ratio (DPR) is presently 133.02%.

Insider Buying and Selling at Regency Centers

In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $72.44, for a total transaction of $301,205.52. Following the completion of the transaction, the insider now directly owns 33,069 shares in the company, valued at $2,395,518.36. The trade was a 11.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of Regency Centers stock in a transaction dated 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 owns 110,263 shares in the company, valued at approximately $8,102,125.24. This represents a 31.20% decrease in their position. The disclosure for this sale can be found here. Company 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.