New York State Teachers Retirement System Cuts Position in Regency Centers Co. (NASDAQ:REG)

New York State Teachers Retirement System lessened its holdings in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 7.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 151,510 shares of the company's stock after selling 12,319 shares during the period. New York State Teachers Retirement System owned approximately 0.08% of Regency Centers worth $11,201,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of REG. Heck Capital Advisors LLC purchased a new stake in shares of Regency Centers during the 4th quarter worth $26,000. Quest Partners LLC lifted its stake in shares of Regency Centers by 84.8% in the third quarter. Quest Partners LLC now owns 937 shares of the company's stock valued at $68,000 after purchasing an additional 430 shares during the period. Brooklyn Investment Group purchased a new stake in Regency Centers during the third quarter worth about $96,000. Quarry LP grew its position in Regency Centers by 2,811.4% during the third quarter. Quarry LP now owns 2,300 shares of the company's stock worth $166,000 after buying an additional 2,221 shares during the period. Finally, D Orazio & Associates Inc. purchased a new position in Regency Centers in the fourth quarter valued at about $200,000. Institutional investors and hedge funds own 96.07% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Evercore ISI decreased their price target 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. JPMorgan Chase & Co. boosted their target price on Regency Centers from $77.00 to $80.00 and gave the stock an "overweight" rating in a research report on Monday, November 4th. KeyCorp started coverage on Regency Centers in a report on Friday, October 25th. They issued an "overweight" rating and a $80.00 target price on the stock. Mizuho lifted their price target on Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 8th. Finally, BTIG Research increased their price objective on shares of Regency Centers from $72.00 to $79.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $78.08.

Regency Centers Trading Up 0.1 %

Shares of Regency Centers stock traded up $0.05 during mid-day trading on Friday, hitting $73.33. 841,954 shares of the stock were exchanged, compared to its average volume of 946,657. The stock has a market capitalization of $13.30 billion, a price-to-earnings ratio of 34.59, a price-to-earnings-growth ratio of 3.75 and a beta of 1.21. Regency Centers Co. has a twelve month low of $56.51 and a twelve month high of $76.53. The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. The company has a 50-day simple moving average of $72.61 and a 200 day simple moving average of $72.57.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.61. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. Research analysts forecast that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be paid a $0.705 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $2.82 annualized dividend and a yield of 3.85%. Regency Centers's payout ratio is currently 133.02%.

Insider Buying and Selling

In other news, CFO Michael J. Mas sold 20,000 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $73.60, for a total transaction of $1,472,000.00. Following the completion of the transaction, the chief financial officer now owns 54,020 shares of the company's stock, valued at $3,975,872. This represents a 27.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Lisa Palmer sold 25,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $73.26, for a total transaction of $1,831,500.00. Following the completion of the sale, the chief executive officer now directly owns 139,923 shares in the company, valued at $10,250,758.98. This represents a 15.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

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.