Public Sector Pension Investment Board Grows Stock Position in Regency Centers Co. (NASDAQ:REG)

Public Sector Pension Investment Board raised its position in Regency Centers Co. (NASDAQ:REG) by 17.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,482 shares of the company’s stock after acquiring an additional 3,412 shares during the quarter. Public Sector Pension Investment Board’s holdings in Regency Centers were worth $1,398,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in REG. Assenagon Asset Management S.A. lifted its stake in shares of Regency Centers by 3.3% in the second quarter. Assenagon Asset Management S.A. now owns 4,744 shares of the company’s stock worth $295,000 after acquiring an additional 152 shares in the last quarter. Naviter Wealth LLC raised its position in shares of Regency Centers by 2.0% in the 1st quarter. Naviter Wealth LLC now owns 10,901 shares of the company’s stock valued at $667,000 after purchasing an additional 218 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in shares of Regency Centers by 7.6% during the 2nd quarter. V Square Quantitative Management LLC now owns 3,829 shares of the company’s stock valued at $238,000 after buying an additional 269 shares during the last quarter. SYSTM Wealth Solutions LLC grew its position in shares of Regency Centers by 13.3% during the first quarter. SYSTM Wealth Solutions LLC now owns 2,303 shares of the company’s stock worth $140,000 after buying an additional 271 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its stake in shares of Regency Centers by 0.3% in the first quarter. State of Alaska Department of Revenue now owns 104,027 shares of the company’s stock worth $6,298,000 after buying an additional 305 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Regency Centers Stock Performance

REG stock opened at $72.17 on Wednesday. Regency Centers Co. has a 1 year low of $56.29 and a 1 year high of $75.26. The stock has a market capitalization of $13.34 billion, a price-to-earnings ratio of 35.20, a PEG ratio of 4.52 and a beta of 1.21. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.93. The stock’s fifty day moving average is $71.04 and its two-hundred day moving average is $64.30.

Regency Centers (NASDAQ:REG) last posted its earnings results on Thursday, August 1st. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.48). Regency Centers had a net margin of 27.60% and a return on equity of 5.63%. The firm had revenue of $357.25 million for the quarter, compared to analyst estimates of $361.56 million. During the same period in the previous year, the firm earned $1.03 earnings per share. On average, research analysts predict that Regency Centers Co. will post 4.23 EPS for the current year.

Regency Centers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 12th will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.71%. The ex-dividend date is Thursday, September 12th. Regency Centers’s dividend payout ratio is currently 130.73%.

Insider Buying and Selling at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $70.00, for a total value of $1,750,000.00. Following the completion of the transaction, the chairman now owns 307,199 shares of the company’s stock, valued at $21,503,930. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $70.00, for a total value of $1,750,000.00. Following the completion of the transaction, the chairman now directly owns 307,199 shares in the company, valued at $21,503,930. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Michael R. Herman sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $69.57, for a total value of $69,570.00. Following the sale, the vice president now directly owns 13,010 shares in the company, valued at approximately $905,105.70. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on REG. JPMorgan Chase & Co. increased their price objective on shares of Regency Centers from $71.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Truist Financial lifted their price target on Regency Centers from $70.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Scotiabank upped their price objective on Regency Centers from $65.00 to $75.00 and gave the company a “sector perform” rating in a research note on Monday, August 26th. Wells Fargo & Company increased their target price on Regency Centers from $69.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. Finally, Compass Point boosted their price target on Regency Centers from $75.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $76.20.

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.