Arizona State Retirement System Sells 205 Shares of Regency Centers Co. (NASDAQ:REG)

Arizona State Retirement System decreased its position in Regency Centers Co. (NASDAQ:REG) by 0.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 50,087 shares of the company’s stock after selling 205 shares during the quarter. Arizona State Retirement System’s holdings in Regency Centers were worth $3,703,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in REG. Heck Capital Advisors LLC acquired a new position in Regency Centers during the 4th quarter valued at about $26,000. National Pension Service bought a new stake in shares of Regency Centers during the fourth quarter worth approximately $27,000. Catalyst Capital Advisors LLC acquired a new position in Regency Centers in the fourth quarter valued at approximately $54,000. Venturi Wealth Management LLC boosted its stake in Regency Centers by 4,400.0% in the fourth quarter. Venturi Wealth Management LLC now owns 855 shares of the company’s stock valued at $63,000 after acquiring an additional 836 shares during the last quarter. Finally, Quest Partners LLC grew its holdings in Regency Centers by 84.8% during the 3rd quarter. Quest Partners LLC now owns 937 shares of the company’s stock worth $68,000 after acquiring an additional 430 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Regency Centers news, CEO Lisa Palmer sold 25,000 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $73.26, for a total transaction of $1,831,500.00. Following the sale, the chief executive officer now directly owns 139,923 shares of the company’s stock, valued at $10,250,758.98. The trade was a 15.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Michael J. Mas sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $73.60, for a total value of $1,472,000.00. Following the completion of the transaction, the chief financial officer now owns 54,020 shares of the company’s stock, valued at $3,975,872. The trade was a 27.02 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on REG shares. BTIG Research increased their price target on Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Wells Fargo & Company dropped their price objective on Regency Centers from $81.00 to $80.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. Mizuho raised their target price on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. Finally, Evercore ISI lowered their price target on Regency Centers from $78.00 to $77.00 and set an “in-line” rating for the company in a research note on Tuesday, December 24th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $78.08.

Regency Centers Price Performance

NASDAQ REG opened at $73.96 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85. The stock has a market cap of $13.41 billion, a price-to-earnings ratio of 34.89, a PEG ratio of 3.75 and a beta of 1.23. The business has a 50 day simple moving average of $72.92 and a 200 day simple moving average of $73.00. Regency Centers Co. has a 52-week low of $56.51 and a 52-week high of $78.18.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.61. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. Analysts anticipate that Regency Centers Co. will post 4.54 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a $0.705 dividend. This represents a $2.82 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend is Wednesday, March 12th. Regency Centers’s dividend payout ratio is 133.02%.

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.