California Public Employees Retirement System Sells 35,852 Shares of Regency Centers Corporation $REG

California Public Employees Retirement System cut its stake in shares of Regency Centers Corporation (NASDAQ:REG) by 7.4% in the 1st quarter, HoldingsChannel reports. The fund owned 445,886 shares of the company’s stock after selling 35,852 shares during the quarter. California Public Employees Retirement System’s holdings in Regency Centers were worth $33,736,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in REG. Norges Bank bought a new position in shares of Regency Centers during the fourth quarter worth approximately $1,183,667,000. State Street Corp lifted its holdings in Regency Centers by 1.4% during the 4th quarter. State Street Corp now owns 12,572,876 shares of the company’s stock worth $877,261,000 after purchasing an additional 168,884 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Regency Centers by 10.3% in the 1st quarter. Principal Financial Group Inc. now owns 10,004,796 shares of the company’s stock valued at $756,967,000 after purchasing an additional 931,272 shares during the period. Geode Capital Management LLC boosted its stake in Regency Centers by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 4,915,089 shares of the company’s stock valued at $338,110,000 after purchasing an additional 67,739 shares during the period. Finally, Invesco Ltd. grew its holdings in Regency Centers by 7.2% in the 4th quarter. Invesco Ltd. now owns 4,261,437 shares of the company’s stock valued at $294,167,000 after buying an additional 287,397 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on REG. BTIG Research reiterated a “buy” rating and set a $85.00 price objective on shares of Regency Centers in a research report on Friday, June 12th. UBS Group lifted their target price on Regency Centers from $81.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Evercore set a $81.00 target price on shares of Regency Centers in a research report on Tuesday, July 7th. Morgan Stanley upped their price target on shares of Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Finally, Wells Fargo & Company increased their target price on shares of Regency Centers from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $82.94.

Regency Centers Stock Down 0.1%

Shares of NASDAQ REG opened at $82.09 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.14 and a current ratio of 2.14. Regency Centers Corporation has a 52 week low of $66.86 and a 52 week high of $83.66. The stock has a market capitalization of $15.03 billion, a P/E ratio of 28.31, a PEG ratio of 3.48 and a beta of 0.80. The stock’s fifty day moving average is $79.03 and its 200 day moving average is $76.89.

Regency Centers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th were paid a dividend of $0.755 per share. The ex-dividend date was Friday, June 12th. This represents a $3.02 annualized dividend and a yield of 3.7%. Regency Centers’s dividend payout ratio is presently 104.14%.

Insider Buying and Selling at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 274,615 shares of Regency Centers stock in a transaction on Monday, May 4th. The stock was sold at an average price of $78.40, for a total value of $21,529,816.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Terah L. Devereaux sold 1,240 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $80.14, for a total value of $99,373.60. Following the sale, the insider owned 17,990 shares of the company’s stock, valued at approximately $1,441,718.60. This represents a 6.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 283,782 shares of company stock valued at $22,255,898. 1.00% of the stock is currently owned by corporate insiders.

Regency Centers Profile

Regency Centers Corporation is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of grocery-anchored shopping centers. Focused on everyday needs retail, the company’s portfolio is strategically concentrated in high-growth, densely populated markets across the United States. By aligning its properties with essential retailers, Regency Centers delivers stable income streams and drives sustained value for shareholders.

Founded in 1963 and headquartered in Jacksonville, Florida, Regency Centers began as a single shopping center developer before evolving into one of the largest owners of grocery-center real estate.