California Public Employees Retirement System Has $57.41 Million Stock Position in Regency Centers Co. (NASDAQ:REG)

California Public Employees Retirement System raised its holdings in Regency Centers Co. (NASDAQ:REG - Free Report) by 137.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 776,521 shares of the company's stock after buying an additional 449,110 shares during the quarter. California Public Employees Retirement System owned 0.43% of Regency Centers worth $57,408,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Allstate Corp bought a new stake in shares of Regency Centers in the fourth quarter valued at about $388,000. Nomura Asset Management Co. Ltd. lifted its position in shares of Regency Centers by 4.7% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 272,177 shares of the company's stock worth $20,122,000 after acquiring an additional 12,291 shares during the period. New Age Alpha Advisors LLC grew its holdings in shares of Regency Centers by 18,315.0% during the 4th quarter. New Age Alpha Advisors LLC now owns 39,408 shares of the company's stock worth $2,913,000 after purchasing an additional 39,194 shares in the last quarter. Norges Bank bought a new stake in shares of Regency Centers during the fourth quarter valued at approximately $1,262,425,000. Finally, NEOS Investment Management LLC raised its stake in shares of Regency Centers by 25.6% in the fourth quarter. NEOS Investment Management LLC now owns 6,074 shares of the company's stock valued at $449,000 after purchasing an additional 1,238 shares in the last quarter. 96.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on REG. Mizuho lifted their price target on shares of Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 8th. Evercore ISI reduced their price objective on shares of Regency Centers from $78.00 to $77.00 and set an "in-line" rating for the company in a report on Tuesday, December 24th. Finally, Wells Fargo & Company lowered their target price on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong 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 $78.00.

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Regency Centers Price Performance

Shares of NASDAQ:REG traded down $2.25 during trading on Friday, reaching $69.85. The stock had a trading volume of 1,597,737 shares, compared to its average volume of 1,057,761. The stock has a market capitalization of $12.68 billion, a PE ratio of 32.92, a P/E/G ratio of 3.75 and a beta of 1.03. Regency Centers Co. has a 52 week low of $56.51 and a 52 week high of $78.18. The business's 50-day moving average price is $73.29 and its 200 day moving average price is $72.95. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95.

Regency Centers (NASDAQ:REG - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.61. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. As a group, equities analysts predict that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date was Wednesday, March 12th. Regency Centers's dividend payout ratio is currently 133.02%.

Insider Buying and Selling at Regency Centers

In related news, CEO Lisa Palmer sold 25,000 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $73.26, for a total value of $1,831,500.00. Following the transaction, the chief executive officer now owns 139,923 shares in the company, valued at $10,250,758.98. This trade represents a 15.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $73.48, for a total value of $3,674,000.00. Following the sale, the chairman now directly owns 110,263 shares of the company's stock, valued at $8,102,125.24. This represents a 31.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 95,000 shares of company stock worth $6,977,500. 1.00% of the stock is currently owned by corporate insiders.

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.