Employees Retirement System of Texas Has $119.81 Million Holdings in Regency Centers Co. (NASDAQ:REG)

Employees Retirement System of Texas lifted its stake in Regency Centers Co. (NASDAQ:REG - Free Report) by 35.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 162,060 shares of the company's stock after buying an additional 42,000 shares during the period. Regency Centers makes up 0.6% of Employees Retirement System of Texas' portfolio, making the stock its 28th biggest position. Employees Retirement System of Texas owned 0.09% of Regency Centers worth $119,811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the company. Heck Capital Advisors LLC bought a new stake in shares of Regency Centers in the 4th quarter worth about $26,000. National Pension Service bought a new position in shares of Regency Centers during the fourth quarter valued at approximately $27,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Regency Centers during the 4th quarter worth approximately $54,000. Venturi Wealth Management LLC lifted its holdings in shares of Regency Centers by 4,400.0% in the 4th quarter. Venturi Wealth Management LLC now owns 855 shares of the company's stock worth $63,000 after purchasing an additional 836 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in Regency Centers by 27.9% during the 4th quarter. Farther Finance Advisors LLC now owns 1,003 shares of the company's stock valued at $74,000 after purchasing an additional 219 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Evercore ISI reduced their price target on shares of Regency Centers from $78.00 to $77.00 and set an "in-line" rating for the company in a research note on Tuesday, December 24th. Finally, Mizuho raised their price objective on shares of Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a research note on Wednesday, January 8th. Three investment 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $78.00.

Regency Centers Stock Performance

Shares of NASDAQ REG traded down $1.15 during trading hours on Thursday, reaching $68.51. The stock had a trading volume of 597,402 shares, compared to its average volume of 1,072,531. Regency Centers Co. has a twelve month low of $56.51 and a twelve month high of $78.18. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95. The business's fifty day moving average is $72.77 and its two-hundred day moving average is $72.73. The company has a market cap of $12.44 billion, a price-to-earnings ratio of 32.32, a PEG ratio of 3.75 and a beta of 1.03.

Regency Centers (NASDAQ:REG - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates 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, research analysts expect that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were issued a $0.705 dividend. This represents a $2.82 annualized dividend and a dividend yield of 4.12%. The ex-dividend date was Wednesday, March 12th. Regency Centers's payout ratio is 133.02%.

Insider Activity at Regency Centers

In other news, CFO Michael J. Mas sold 20,000 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $73.60, for a total transaction of $1,472,000.00. Following the sale, the chief financial officer now owns 54,020 shares in the company, valued at approximately $3,975,872. This represents a 27.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lisa Palmer sold 25,000 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer now owns 139,923 shares in the company, valued at approximately $10,250,758.98. This trade represents a 15.16 % 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 in the last ninety days. Insiders own 1.00% of the company's stock.

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.