Regency Centers Co. (NASDAQ:REG) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D decreased its position in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 2.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 170,210 shares of the company's stock after selling 5,000 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.09% of Regency Centers worth $12,584,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of REG. Heck Capital Advisors LLC acquired a new position in Regency Centers in the fourth quarter valued at approximately $26,000. Quest Partners LLC lifted its holdings in 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 acquiring an additional 430 shares during the period. Brooklyn Investment Group acquired a new position in Regency Centers in the third quarter valued at approximately $96,000. Principal Securities Inc. lifted its holdings in Regency Centers by 29.0% in the fourth quarter. Principal Securities Inc. now owns 1,360 shares of the company's stock valued at $101,000 after acquiring an additional 306 shares during the period. Finally, Quarry LP lifted its holdings in Regency Centers by 2,811.4% in the third quarter. Quarry LP now owns 2,300 shares of the company's stock valued at $166,000 after acquiring an additional 2,221 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on REG. Robert W. Baird upped their target price on Regency Centers from $71.00 to $78.00 and gave the stock an "outperform" rating in a research note on Thursday, October 31st. Wells Fargo & Company reduced their target price on Regency Centers from $81.00 to $80.00 and set an "overweight" rating for the company in a research note on Wednesday, January 29th. BTIG Research upped their target price on Regency Centers from $72.00 to $79.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Evercore ISI reduced their target price on 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, JPMorgan Chase & Co. upped their target price on Regency Centers from $77.00 to $80.00 and gave the stock an "overweight" rating in a research note on Monday, November 4th. Three 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 stock. According to data from MarketBeat.com, Regency Centers has a consensus rating of "Moderate Buy" and an average target price of $78.08.

Regency Centers Price Performance

Shares of REG traded up $0.05 during trading hours on Friday, hitting $73.33. 841,954 shares of the stock were exchanged, compared to its average volume of 946,657. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85. Regency Centers Co. has a 12-month low of $56.51 and a 12-month high of $76.53. The company has a market cap 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. The stock's 50-day moving average price is $72.61 and its two-hundred day moving average price is $72.57.

Regency Centers (NASDAQ:REG - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.09 EPS for the quarter, topping 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%. Research analysts expect that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

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

Insider Buying and Selling at Regency Centers

In other Regency Centers news, CFO Michael J. Mas sold 20,000 shares of the company's stock in a transaction on 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 completion of the sale, the chief financial officer now directly owns 54,020 shares in the company, valued at $3,975,872. This represents a 27.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lisa Palmer sold 25,000 shares of the stock in a transaction on 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 of the company's stock, valued at approximately $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 owned by company insiders.

Regency Centers 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.