Teacher Retirement System of Texas Grows Stock Position in Regency Centers Corporation (NASDAQ:REG)

Teacher Retirement System of Texas grew its stake in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 46.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,633 shares of the company's stock after purchasing 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 reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Regency Centers by 2.9% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 58,035 shares of the company's stock worth $4,281,000 after purchasing an additional 1,630 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Regency Centers by 14.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,322 shares of the company's stock worth $2,210,000 after buying an additional 3,857 shares in the last quarter. Achmea Investment Management B.V. boosted its position in shares of Regency Centers by 56.7% in the 1st quarter. Achmea Investment Management B.V. now owns 15,655 shares of the company's stock worth $1,155,000 after buying an additional 5,665 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Regency Centers by 164.8% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 443,723 shares of the company's stock worth $32,729,000 after buying an additional 276,174 shares in the last quarter. Finally, Lecap Asset Management Ltd. purchased a new stake in shares of Regency Centers in the 1st quarter worth about $611,000. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on REG shares. Wells Fargo & Company decreased their price objective 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 boosted their price objective on shares of Regency Centers from $78.00 to $79.00 and gave the stock a "buy" rating in a research report on Monday, May 19th. Barclays started coverage on shares of Regency Centers in a research report on Wednesday, July 2nd. They issued an "equal weight" rating and a $77.00 price objective on the stock. Scotiabank decreased their price objective on shares of 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. Finally, Wall Street Zen lowered shares of Regency Centers from a "hold" rating to a "sell" rating in a research report on Saturday, July 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $78.00.

Insider Transactions at Regency Centers

In related news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the 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 sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.00% of the company's stock.

Regency Centers Trading Up 0.3%

Shares of NASDAQ REG traded up $0.24 on Thursday, reaching $69.26. 1,060,086 shares of the company traded hands, compared to its average volume of 1,066,313. Regency Centers Corporation has a fifty-two week low of $61.93 and a fifty-two week high of $78.18. The company has a 50 day moving average of $71.56 and a 200 day moving average of $72.03. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $12.57 billion, a PE ratio of 32.67, a P/E/G ratio of 3.39 and a beta of 1.00.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.14 by $0.01. The firm 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 company earned $1.08 EPS. On average, equities research analysts forecast that Regency Centers Corporation will post 4.54 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

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

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.