New York State Common Retirement Fund Increases Position in Regency Centers Corporation (NASDAQ:REG)

New York State Common Retirement Fund increased its stake in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 4.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,981 shares of the company's stock after buying an additional 5,300 shares during the quarter. New York State Common Retirement Fund owned about 0.07% of Regency Centers worth $9,735,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Xponance Inc. boosted its holdings in shares of Regency Centers by 1.9% during the 1st quarter. Xponance Inc. now owns 29,162 shares of the company's stock valued at $2,151,000 after acquiring an additional 544 shares in the last quarter. WESPAC Advisors LLC bought a new position in Regency Centers during the 1st quarter worth $722,000. Cerity Partners LLC raised its position in Regency Centers by 8.6% during the 1st quarter. Cerity Partners LLC now owns 8,915 shares of the company's stock worth $658,000 after purchasing an additional 708 shares during the last quarter. Greenleaf Trust raised its position in Regency Centers by 21.3% during the 1st quarter. Greenleaf Trust now owns 5,743 shares of the company's stock worth $424,000 after purchasing an additional 1,008 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in Regency Centers by 45.8% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 116,726 shares of the company's stock worth $8,448,000 after purchasing an additional 36,648 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Insider Transactions at Regency Centers

In other news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $72.44, for a total value of $301,205.52. Following the transaction, the insider owned 33,069 shares of the company's stock, valued at approximately $2,395,518.36. This represents a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

REG has been the subject of several research analyst reports. Wells Fargo & Company lowered their price objective on Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Barclays initiated coverage on Regency Centers in a research report on Wednesday, July 2nd. They issued an "equal weight" rating and a $77.00 price objective for the company. Wall Street Zen lowered Regency Centers from a "hold" rating to a "sell" rating in a research report on Saturday, July 5th. Truist Financial lifted their price objective on Regency Centers from $78.00 to $79.00 and gave the stock a "buy" rating in a research report on Monday, May 19th. Finally, Mizuho lowered their price objective on Regency Centers from $79.00 to $74.00 and set an "outperform" rating for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $77.54.

Regency Centers Stock Performance

Shares of NASDAQ REG traded down $0.03 during midday trading on Friday, reaching $69.87. The company's stock had a trading volume of 979,563 shares, compared to its average volume of 1,069,242. Regency Centers Corporation has a 12-month low of $63.44 and a 12-month high of $78.18. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a 50 day moving average price of $71.17 and a 200-day moving average price of $71.81. The stock has a market capitalization of $12.68 billion, a P/E ratio of 32.96, a PEG ratio of 3.40 and a beta of 1.00.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.14 by $0.01. Regency Centers had a return on equity of 5.98% and a net margin of 27.21%. The business had revenue of $370.35 million for the quarter, compared to the consensus estimate of $364.64 million. During the same quarter in the prior year, the business earned $1.08 earnings per share. As a group, equities analysts predict that Regency Centers Corporation will post 4.54 earnings per share for the current year.

Regency Centers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 11th were issued a dividend of $0.705 per share. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $2.82 dividend on an annualized basis and a yield of 4.04%. Regency Centers's payout ratio is 133.02%.

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.