8,400 Shares in Regency Centers Corporation $REG Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new position in shares of Regency Centers Corporation (NASDAQ:REG) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,400 shares of the company’s stock, valued at approximately $636,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC lifted its position in shares of Regency Centers by 15.4% in the 1st quarter. AQR Capital Management LLC now owns 64,337 shares of the company’s stock valued at $4,701,000 after acquiring an additional 8,563 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Regency Centers by 3.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,894 shares of the company’s stock worth $1,099,000 after purchasing an additional 557 shares in the last quarter. Empowered Funds LLC raised its stake in Regency Centers by 9.6% during the 1st quarter. Empowered Funds LLC now owns 5,856 shares of the company’s stock valued at $432,000 after purchasing an additional 511 shares during the period. Jane Street Group LLC raised its stake in Regency Centers by 81.5% during the 1st quarter. Jane Street Group LLC now owns 8,247 shares of the company’s stock valued at $608,000 after purchasing an additional 3,702 shares during the period. Finally, Intech Investment Management LLC lifted its holdings in shares of Regency Centers by 47.6% in the first quarter. Intech Investment Management LLC now owns 20,011 shares of the company’s stock valued at $1,476,000 after purchasing an additional 6,451 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Regency Centers Price Performance

Shares of NASDAQ:REG opened at $80.74 on Wednesday. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.72. Regency Centers Corporation has a 1 year low of $66.86 and a 1 year high of $81.93. The business has a fifty day simple moving average of $78.59 and a 200 day simple moving average of $76.06. The firm has a market cap of $14.78 billion, a price-to-earnings ratio of 27.84, a P/E/G ratio of 3.38 and a beta of 0.80.

Regency Centers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th were paid a dividend of $0.755 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.7%. Regency Centers’s dividend payout ratio (DPR) is 104.14%.

Insider Transactions at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 274,615 shares of the stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Terah L. Devereaux sold 1,240 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $80.14, for a total transaction of $99,373.60. Following the transaction, the insider directly owned 17,990 shares in the company, valued at approximately $1,441,718.60. The trade was a 6.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 283,782 shares of company stock valued at $22,255,898 in the last three months. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on REG. Citigroup lifted their price target on Regency Centers from $76.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Weiss Ratings restated a “buy (b)” rating on shares of Regency Centers in a research report on Friday, May 29th. BTIG Research reaffirmed a “buy” rating and set a $85.00 target price on shares of Regency Centers in a research note on Friday, June 12th. Scotiabank upped their target price on Regency Centers from $76.00 to $82.00 and gave the company a “sector perform” rating in a report on Tuesday, March 24th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 price target for the company. in a research report on Friday, May 29th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $82.69.

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.