State of Alaska Department of Revenue Buys 26,431 Shares of Regency Centers Corp (NYSE:REG)

State of Alaska Department of Revenue boosted its stake in Regency Centers Corp (NYSE:REG) by 31.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,502 shares of the real estate investment trust’s stock after acquiring an additional 26,431 shares during the quarter. State of Alaska Department of Revenue owned 0.07% of Regency Centers worth $7,439,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in Regency Centers during the 4th quarter worth about $88,314,000. Principal Financial Group Inc. lifted its position in Regency Centers by 6.4% during the 1st quarter. Principal Financial Group Inc. now owns 6,178,121 shares of the real estate investment trust’s stock worth $416,958,000 after buying an additional 372,002 shares in the last quarter. Janus Henderson Group PLC lifted its position in Regency Centers by 357.4% during the 1st quarter. Janus Henderson Group PLC now owns 416,911 shares of the real estate investment trust’s stock worth $28,138,000 after buying an additional 325,766 shares in the last quarter. BlackRock Inc. lifted its position in Regency Centers by 1.7% during the 1st quarter. BlackRock Inc. now owns 16,930,814 shares of the real estate investment trust’s stock worth $1,142,661,000 after buying an additional 282,603 shares in the last quarter. Finally, Strs Ohio lifted its position in Regency Centers by 51.9% during the 1st quarter. Strs Ohio now owns 751,610 shares of the real estate investment trust’s stock worth $50,726,000 after buying an additional 256,873 shares in the last quarter. 93.87% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider H Craig Ramey sold 1,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $66.90, for a total transaction of $66,900.00. Following the transaction, the insider now directly owns 16,976 shares in the company, valued at approximately $1,135,694.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by insiders.

Separately, Citigroup set a $76.00 price target on shares of Regency Centers and gave the stock a “buy” rating in a research report on Monday, May 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. Regency Centers currently has an average rating of “Buy” and a consensus target price of $69.33.

Shares of Regency Centers stock traded up $0.03 during trading on Wednesday, hitting $66.96. 545,656 shares of the stock were exchanged, compared to its average volume of 847,894. The firm has a market cap of $11.09 billion, a PE ratio of 18.15, a price-to-earnings-growth ratio of 2.50 and a beta of 0.37. The stock has a fifty day moving average of $67.70. Regency Centers Corp has a 1-year low of $55.50 and a 1-year high of $70.26. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.87 and a quick ratio of 0.87.

Regency Centers (NYSE:REG) last released its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.01). The firm had revenue of $286.26 million for the quarter, compared to analyst estimates of $274.40 million. Regency Centers had a return on equity of 3.86% and a net margin of 23.19%. During the same quarter in the prior year, the firm earned $0.96 earnings per share. Equities research analysts expect that Regency Centers Corp will post 3.78 earnings per share for the current fiscal year.

Regency Centers Company Profile

Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. 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.

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Institutional Ownership by Quarter for Regency Centers (NYSE:REG)

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