Teacher Retirement System of Texas Increases Holdings in Regency Centers Corporation (NASDAQ:REG)

Teacher Retirement System of Texas lifted its stake in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 46.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,633 shares of the company's stock after buying an additional 9,359 shares during the period. Teacher Retirement System of Texas' holdings in Regency Centers were worth $2,186,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in REG. Heck Capital Advisors LLC purchased a new position in Regency Centers during the fourth quarter worth approximately $26,000. TD Waterhouse Canada Inc. lifted its position in Regency Centers by 48,700.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock worth $36,000 after buying an additional 487 shares in the last quarter. Canada Post Corp Registered Pension Plan purchased a new position in Regency Centers during the fourth quarter worth approximately $39,000. Sentry Investment Management LLC purchased a new position in Regency Centers during the first quarter worth approximately $38,000. Finally, Ameriflex Group Inc. purchased a new position in Regency Centers during the fourth quarter worth approximately $53,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on REG shares. 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. Scotiabank lowered their target price 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. Wall Street Zen lowered Regency Centers from a "hold" rating to a "sell" rating in a research report on Saturday, July 5th. Barclays started coverage on Regency Centers in a research report on Wednesday, July 2nd. They set an "equal weight" rating and a $77.00 target price on the stock. Finally, Truist Financial lifted their price target on Regency Centers from $78.00 to $79.00 and gave the stock a "buy" rating in a research note on Monday, May 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $78.00.

Regency Centers Stock Down 0.8%

Regency Centers stock opened at $69.02 on Thursday. The firm has a fifty day moving average price of $71.56 and a two-hundred day moving average price of $72.03. The firm has a market cap of $12.53 billion, a price-to-earnings ratio of 32.56, a P/E/G ratio of 3.39 and a beta of 1.00. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.01 and a quick ratio of 1.01. Regency Centers Corporation has a fifty-two week low of $61.93 and a fifty-two week high of $78.18.

Regency Centers (NASDAQ:REG - Get Free Report) last released its quarterly earnings results 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 net margin of 27.21% and a return on equity of 5.98%. The business had revenue of $370.35 million for the quarter, compared to analysts' expectations of $364.64 million. During the same period in the prior year, the firm earned $1.08 earnings per share. As a group, analysts forecast that Regency Centers Corporation will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Wednesday, June 11th were issued a dividend of $0.705 per share. The ex-dividend date was Wednesday, June 11th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 4.09%. Regency Centers's payout ratio is 133.02%.

Insider Activity at Regency Centers

In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of Regency Centers 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 sale, the insider directly owned 33,069 shares in the company, valued at approximately $2,395,518.36. The trade was a 11.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is currently owned by insiders.

About Regency Centers

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.

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