Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys 25,755 Shares of Regency Centers Co. (NASDAQ:REG)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Regency Centers Co. (NASDAQ:REG - Free Report) by 38.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,467 shares of the company's stock after buying an additional 25,755 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.05% of Regency Centers worth $6,910,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Heck Capital Advisors LLC bought a new position in shares of Regency Centers in the fourth quarter worth approximately $26,000. National Pension Service purchased a new stake in shares of Regency Centers during the fourth quarter worth about $27,000. Catalyst Capital Advisors LLC purchased a new position in Regency Centers during the 4th quarter valued at about $54,000. Venturi Wealth Management LLC raised its position in Regency Centers by 4,400.0% during the 4th quarter. Venturi Wealth Management LLC now owns 855 shares of the company's stock valued at $63,000 after purchasing an additional 836 shares during the last quarter. Finally, Quest Partners LLC lifted its holdings in Regency Centers by 84.8% in the 3rd quarter. Quest Partners LLC now owns 937 shares of the company's stock worth $68,000 after buying an additional 430 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Insider Activity

In other Regency Centers news, CFO Michael J. Mas sold 20,000 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $73.60, for a total value of $1,472,000.00. Following the transaction, the chief financial officer now directly owns 54,020 shares of the company's stock, valued at approximately $3,975,872. This trade represents a 27.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $73.48, for a total transaction 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. The trade was a 31.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 95,000 shares of company stock valued at $6,977,500 over the last three months. Insiders own 1.00% of the company's stock.

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Analysts Set New Price Targets

REG has been the topic of several research analyst reports. Evercore ISI reduced their target price on Regency Centers from $78.00 to $77.00 and set an "in-line" rating on the stock in a research note on Tuesday, December 24th. Mizuho upped their price objective on shares of Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a report on Wednesday, January 8th. Wells Fargo & Company cut 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. Finally, BTIG Research increased their price target on shares of Regency Centers from $72.00 to $79.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $78.00.

Regency Centers Stock Up 0.9 %

Regency Centers stock traded up $0.65 during mid-day trading on Wednesday, reaching $72.83. The stock had a trading volume of 555,064 shares, compared to its average volume of 1,004,300. Regency Centers Co. has a one year low of $56.51 and a one year high of $78.18. The company has a 50-day moving average price of $73.03 and a two-hundred day moving average price of $73.00. The company has a market capitalization of $13.21 billion, a price-to-earnings ratio of 34.35, a PEG ratio of 3.75 and a beta of 1.23. 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 earnings results 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%. On average, analysts expect that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date is Wednesday, March 12th. Regency Centers's dividend payout ratio (DPR) 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.