Strs Ohio Reduces Stock Holdings in Regency Centers Co. (NASDAQ:REG)

Strs Ohio lowered its holdings in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 17.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 79,887 shares of the company's stock after selling 17,474 shares during the period. Strs Ohio's holdings in Regency Centers were worth $5,352,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Glass Jacobson Investment Advisors llc bought a new position in shares of Regency Centers in the third quarter worth approximately $26,000. Financial Gravity Asset Management Inc. raised its stake in shares of Regency Centers by 641.9% during the third quarter. Financial Gravity Asset Management Inc. now owns 460 shares of the company's stock valued at $27,000 after acquiring an additional 398 shares during the last quarter. CVA Family Office LLC purchased a new stake in shares of Regency Centers during the fourth quarter worth about $27,000. Newbridge Financial Services Group Inc. purchased a new position in Regency Centers during the 3rd quarter valued at about $29,000. Finally, Bogart Wealth LLC bought a new position in Regency Centers during the 3rd quarter valued at approximately $31,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft began coverage on Regency Centers in a research note on Tuesday, January 30th. They set a "buy" rating and a $74.00 target price on the stock. Wells Fargo & Company began coverage on shares of Regency Centers in a research note on Thursday, February 1st. They set an "overweight" rating and a $70.00 target price on the stock. Truist Financial increased their price target on shares of Regency Centers from $71.00 to $72.00 and gave the stock a "buy" rating in a research note on Tuesday, January 16th. Evercore ISI raised Regency Centers from an "in-line" rating to an "outperform" rating and lifted their price objective for the company from $69.00 to $71.00 in a research report on Monday, January 22nd. Finally, Mizuho started coverage on Regency Centers in a report on Thursday. They set a "neutral" rating and a $60.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $70.73.

Regency Centers Stock Up 1.1 %

REG stock traded up $0.61 on Friday, reaching $58.37. 1,388,880 shares of the company traded hands, compared to its average volume of 1,260,731. The firm has a fifty day simple moving average of $60.11 and a 200-day simple moving average of $61.64. The company has a market cap of $10.79 billion, a P/E ratio of 28.31, a price-to-earnings-growth ratio of 3.77 and a beta of 1.16. Regency Centers Co. has a one year low of $54.72 and a one year high of $68.47. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.85 and a quick ratio of 0.85.

Regency Centers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 4.59%. The ex-dividend date of this dividend was Tuesday, March 12th. Regency Centers's dividend payout ratio is presently 131.37%.

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.