State of Alaska Department of Revenue Grows Holdings in Regency Centers Corporation (NASDAQ:REG)

State of Alaska Department of Revenue lifted its stake in shares of Regency Centers Corporation (NASDAQ:REG) by 1.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 107,328 shares of the company’s stock after acquiring an additional 1,600 shares during the quarter. State of Alaska Department of Revenue’s holdings in Regency Centers were worth $7,915,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of REG. Norges Bank bought a new stake in shares of Regency Centers in the fourth quarter valued at about $1,262,425,000. JPMorgan Chase & Co. raised its holdings in shares of Regency Centers by 0.5% in the 4th quarter. JPMorgan Chase & Co. now owns 11,141,771 shares of the company’s stock valued at $823,711,000 after purchasing an additional 51,424 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Regency Centers by 1.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,440,384 shares of the company’s stock valued at $771,859,000 after purchasing an additional 171,047 shares in the last quarter. Invesco Ltd. lifted its position in shares of Regency Centers by 121.2% in the 4th quarter. Invesco Ltd. now owns 5,374,450 shares of the company’s stock worth $397,333,000 after purchasing an additional 2,944,854 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Regency Centers by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 4,568,525 shares of the company’s stock valued at $336,955,000 after purchasing an additional 86,644 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Regency Centers Trading Up 0.8%

Shares of NASDAQ:REG opened at $70.72 on Thursday. The business’s 50-day moving average is $71.68 and its 200 day moving average is $72.42. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.01 and a quick ratio of 1.01. Regency Centers Corporation has a 1 year low of $60.64 and a 1 year high of $78.18. The firm has a market capitalization of $12.84 billion, a P/E ratio of 33.36, a P/E/G ratio of 3.42 and a beta of 1.01.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.01. The firm had revenue of $370.35 million for the quarter, compared to the consensus estimate of $364.64 million. Regency Centers had a net margin of 27.21% and a return on equity of 5.98%. During the same quarter in the prior year, the company posted $1.08 earnings per share. On average, research analysts predict that Regency Centers Corporation will post 4.54 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 11th will be issued a $0.705 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.99%. Regency Centers’s dividend payout ratio is currently 133.02%.

Insiders Place Their Bets

In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the business’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $72.44, for a total transaction of $301,205.52. Following the sale, the insider now owns 33,069 shares in the company, valued at approximately $2,395,518.36. The trade was a 11.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Wall Street Zen lowered shares of Regency Centers from a “hold” rating to a “sell” rating in a report on Saturday, June 14th. Truist Financial lifted their price target on Regency Centers from $78.00 to $79.00 and gave the company a “buy” rating in a report on Monday, May 19th. Wells Fargo & Company reduced their price target on Regency Centers from $80.00 to $79.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. Finally, Scotiabank dropped their price objective on Regency Centers from $76.00 to $75.00 and set a “sector perform” rating on the stock in a research report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.08.

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.