9,900 Shares in Regency Centers Co. (NASDAQ:REG) Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new position in Regency Centers Co. (NASDAQ:REG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 9,900 shares of the company’s stock, valued at approximately $663,000.

Several other institutional investors also recently modified their holdings of REG. AE Wealth Management LLC bought a new stake in shares of Regency Centers in the third quarter worth $287,000. Czech National Bank grew its stake in shares of Regency Centers by 57.7% in the third quarter. Czech National Bank now owns 28,719 shares of the company’s stock worth $1,707,000 after purchasing an additional 10,503 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Regency Centers by 9.4% in the third quarter. Commonwealth Equity Services LLC now owns 6,518 shares of the company’s stock worth $387,000 after purchasing an additional 558 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Regency Centers by 19.7% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 61,360 shares of the company’s stock worth $3,647,000 after purchasing an additional 10,100 shares during the last quarter. Finally, Chevy Chase Trust Holdings LLC boosted its position in Regency Centers by 4.7% during the third quarter. Chevy Chase Trust Holdings LLC now owns 92,710 shares of the company’s stock valued at $5,511,000 after acquiring an additional 4,185 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Regency Centers Trading Down 1.3 %

REG opened at $58.28 on Monday. 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 Co. has a fifty-two week low of $54.72 and a fifty-two week high of $68.47. The firm has a market capitalization of $10.77 billion, a PE ratio of 28.57, a P/E/G ratio of 3.84 and a beta of 1.16. The company’s 50-day moving average is $59.90 and its 200 day moving average is $61.73.

Regency Centers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th were issued a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 4.60%. Regency Centers’s dividend payout ratio is presently 131.37%.

Wall Street Analyst Weigh In

A number of analysts have commented on REG shares. Wells Fargo & Company started coverage on shares of Regency Centers in a research report on Thursday, February 1st. They set an “overweight” rating and a $70.00 price target on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Regency Centers in a research report on Tuesday, January 30th. They set a “buy” rating and a $74.00 price target on the stock. Evercore ISI raised shares of Regency Centers from an “in-line” rating to an “outperform” rating and upped their price target for the company from $69.00 to $71.00 in a research report on Monday, January 22nd. Mizuho started coverage on shares of Regency Centers in a research report on Thursday, April 18th. They set a “neutral” rating and a $60.00 price target on the stock. Finally, Truist Financial upped their price target on shares of Regency Centers from $71.00 to $72.00 and gave the company a “buy” rating in a research report on Tuesday, January 16th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.73.

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.