Teacher Retirement System of Texas Has $2.19 Million Stock Holdings in Regency Centers Corporation (NASDAQ:REG)

Teacher Retirement System of Texas increased its holdings in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 46.2% during the 1st quarter, according to its most recent filing 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 quarter. Teacher Retirement System of Texas' holdings in Regency Centers were worth $2,186,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Heck Capital Advisors LLC acquired a new stake in shares of Regency Centers in the 4th quarter valued at about $26,000. TD Waterhouse Canada Inc. raised its stake in shares of Regency Centers by 48,700.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock valued at $36,000 after purchasing an additional 487 shares during the period. Sentry Investment Management LLC acquired a new stake in shares of Regency Centers in the 1st quarter valued at about $38,000. Canada Post Corp Registered Pension Plan acquired a new stake in shares of Regency Centers in the 4th quarter valued at about $39,000. Finally, Ameriflex Group Inc. acquired a new stake in shares of Regency Centers in the 4th quarter valued at about $53,000. Institutional investors and hedge funds own 96.07% of the company's stock.

Insider Transactions at Regency Centers

In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the company'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 value of $301,205.52. Following the completion of the transaction, the insider directly owned 33,069 shares in the company, valued at approximately $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 can be accessed through this link. Company insiders own 1.00% of the company's stock.

Regency Centers Price Performance

Shares of Regency Centers stock traded up $0.08 on Friday, reaching $69.34. 1,380,379 shares of the stock were exchanged, compared to its average volume of 1,065,762. The firm has a market cap of $12.59 billion, a PE ratio of 32.71, a P/E/G ratio of 3.38 and a beta of 1.00. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.01 and a current ratio of 1.01. The firm's 50 day moving average is $71.43 and its 200-day moving average is $71.94. Regency Centers Corporation has a one year low of $63.44 and a one year high of $78.18.

Regency Centers (NASDAQ:REG - Get Free Report) last issued 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. The business had revenue of $370.35 million during the quarter, compared to the consensus estimate of $364.64 million. Regency Centers had a net margin of 27.21% and a return on equity of 5.98%. During the same quarter in the prior year, the firm earned $1.08 EPS. As a group, analysts anticipate that Regency Centers Corporation will post 4.54 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 11th were given a $0.705 dividend. This represents a $2.82 annualized dividend and a yield of 4.07%. The ex-dividend date was Wednesday, June 11th. Regency Centers's dividend payout ratio (DPR) is currently 133.02%.

Wall Street Analysts Forecast Growth

REG has been the topic of a number of recent research reports. 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 research report on Monday, May 12th. Barclays initiated coverage on Regency Centers in a research report on Wednesday, July 2nd. They issued an "equal weight" rating and a $77.00 target price on the stock. Wells Fargo & Company lowered their target price on 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 lifted their target price on Regency Centers from $78.00 to $79.00 and gave the company a "buy" rating in a research report on Monday, May 19th. Finally, Wall Street Zen downgraded Regency Centers from a "hold" rating to a "sell" rating in a research report on Saturday, July 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $78.00.

Regency Centers Company 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.