Teacher Retirement System of Texas Makes New $1.50 Million Investment in Regency Centers Co. (NASDAQ:REG)

Teacher Retirement System of Texas bought a new position in Regency Centers Co. (NASDAQ:REG - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 20,274 shares of the company's stock, valued at approximately $1,499,000.

Several other hedge funds have also modified their holdings of REG. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Regency Centers by 1,138.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,075,753 shares of the company's stock worth $149,932,000 after buying an additional 1,908,153 shares during the last quarter. Waterfront Capital Partners LLC purchased a new stake in shares of Regency Centers during the third quarter worth about $33,628,000. JPMorgan Chase & Co. grew its stake in shares of Regency Centers by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company's stock worth $801,056,000 after acquiring an additional 435,932 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Regency Centers by 4.2% during the fourth quarter. Principal Financial Group Inc. now owns 9,182,664 shares of the company's stock valued at $678,873,000 after acquiring an additional 366,427 shares in the last quarter. Finally, National Bank of Canada FI raised its position in shares of Regency Centers by 701.7% in the 3rd quarter. National Bank of Canada FI now owns 361,597 shares of the company's stock valued at $26,118,000 after purchasing an additional 316,496 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 50,000 shares of Regency Centers stock in a transaction that occurred on 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. The trade was a 31.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Michael J. Mas sold 20,000 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $73.60, for a total value of $1,472,000.00. Following the completion of the transaction, the chief financial officer now directly owns 54,020 shares of the company's stock, valued at approximately $3,975,872. This represents a 27.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 95,000 shares of company stock valued at $6,977,500. 1.00% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have weighed in on REG. Evercore ISI dropped their target price on shares of Regency Centers from $78.00 to $77.00 and set an "in-line" rating on the stock in a research report on Tuesday, December 24th. Mizuho boosted their price objective on shares of Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a report on Wednesday, January 8th. Finally, Wells Fargo & Company cut their target price on Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $78.00.

Regency Centers Stock Performance

REG stock traded down $0.19 during trading on Tuesday, hitting $73.57. 1,411,643 shares of the company traded hands, compared to its average volume of 1,053,784. Regency Centers Co. has a 1 year low of $56.51 and a 1 year high of $78.18. The company has a market cap of $13.35 billion, a PE ratio of 34.70, a P/E/G ratio of 3.75 and a beta of 1.23. The stock's 50-day simple moving average is $73.20 and its 200 day simple moving average is $72.94. 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 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%. On average, equities analysts expect that Regency Centers Co. will post 4.54 earnings per share 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. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a dividend yield of 3.83%. The ex-dividend date is Wednesday, March 12th. Regency Centers's payout ratio is 133.02%.

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.