California Public Employees Retirement System Sells 12,443 Shares of Regency Centers Co. (NASDAQ:REG)

California Public Employees Retirement System decreased its holdings in shares of Regency Centers Co. (NASDAQ:REG) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 335,440 shares of the company’s stock after selling 12,443 shares during the period. California Public Employees Retirement System’s holdings in Regency Centers were worth $22,474,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Regency Centers by 6.2% in the 3rd quarter. Vanguard Group Inc. now owns 28,378,732 shares of the company’s stock worth $1,686,832,000 after buying an additional 1,645,784 shares during the period. Principal Financial Group Inc. boosted its holdings in Regency Centers by 1.2% in the 3rd quarter. Principal Financial Group Inc. now owns 7,330,089 shares of the company’s stock worth $435,697,000 after buying an additional 90,051 shares during the period. JPMorgan Chase & Co. boosted its holdings in Regency Centers by 22.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,348,492 shares of the company’s stock worth $317,914,000 after buying an additional 964,488 shares during the period. Invesco Ltd. boosted its holdings in Regency Centers by 115.7% in the 3rd quarter. Invesco Ltd. now owns 4,852,979 shares of the company’s stock worth $288,461,000 after buying an additional 2,603,320 shares during the period. Finally, FMR LLC boosted its holdings in Regency Centers by 10.5% in the 3rd quarter. FMR LLC now owns 4,077,220 shares of the company’s stock worth $242,350,000 after buying an additional 388,148 shares during the period. Institutional investors own 96.07% of the company’s stock.

Regency Centers Stock Down 1.3 %

Shares of NASDAQ:REG opened at $58.28 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60. Regency Centers Co. has a 12 month low of $54.72 and a 12 month high of $68.47. The company has a 50-day moving average price of $59.90 and a 200 day moving average price of $61.73. The company has a market cap of $10.77 billion, a price-to-earnings ratio of 28.57, a PEG ratio of 3.84 and a beta of 1.16.

Regency Centers Announces Dividend

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

Analyst Ratings Changes

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

Regency Centers 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.