Louisiana State Employees Retirement System Makes New Investment in Regency Centers Corporation $REG

Louisiana State Employees Retirement System acquired a new stake in shares of Regency Centers Corporation (NASDAQ:REG) during the first quarter, HoldingsChannel.com reports. The fund acquired 8,400 shares of the company’s stock, valued at approximately $636,000.

A number of other institutional investors have also made changes to their positions in REG. Contravisory Investment Management Inc. acquired a new stake in Regency Centers in the 1st quarter worth approximately $79,000. OP Asset Management Ltd acquired a new position in Regency Centers during the first quarter valued at approximately $3,276,000. Banque Cantonale Vaudoise acquired a new position in Regency Centers during the first quarter valued at approximately $67,000. BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Regency Centers by 39.7% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 14,090 shares of the company’s stock valued at $1,066,000 after purchasing an additional 4,003 shares during the period. Finally, Rockefeller Capital Management L.P. raised its position in shares of Regency Centers by 38.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,205 shares of the company’s stock valued at $152,000 after purchasing an additional 615 shares during the period. 96.07% of the stock is owned by institutional investors.

Regency Centers Stock Performance

NASDAQ REG opened at $80.74 on Wednesday. The company’s fifty day moving average is $78.59 and its two-hundred day moving average is $76.06. Regency Centers Corporation has a 52-week low of $66.86 and a 52-week high of $81.93. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.14 and a quick ratio of 2.14. The firm has a market capitalization of $14.78 billion, a price-to-earnings ratio of 27.84, a P/E/G ratio of 3.38 and a beta of 0.80.

Regency Centers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were paid a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a yield of 3.7%. The ex-dividend date was Friday, June 12th. Regency Centers’s payout ratio is currently 104.14%.

Analyst Upgrades and Downgrades

REG has been the topic of a number of research analyst reports. Morgan Stanley raised their target price on shares of Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Wells Fargo & Company boosted their target price on shares of Regency Centers from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft cut shares of Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 price target for the company. in a report on Friday, May 29th. UBS Group lifted their price objective on Regency Centers from $75.00 to $81.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Regency Centers in a research note on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.69.

Insider Buying and Selling at Regency Centers

In other Regency Centers news, insider Terah L. Devereaux sold 1,240 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $80.14, for a total value of $99,373.60. Following the completion of the sale, the insider owned 17,990 shares in the company, valued at approximately $1,441,718.60. This trade represents a 6.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of Regency Centers stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $79.06, for a total value of $626,708.62. Following the sale, the insider directly owned 33,069 shares in the company, valued at $2,614,435.14. The trade was a 19.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 283,782 shares of company stock valued at $22,255,898 in the last quarter. Corporate insiders own 1.00% of the company’s stock.

Regency Centers Company Profile

Regency Centers Corporation is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of grocery-anchored shopping centers. Focused on everyday needs retail, the company’s portfolio is strategically concentrated in high-growth, densely populated markets across the United States. By aligning its properties with essential retailers, Regency Centers delivers stable income streams and drives sustained value for shareholders.

Founded in 1963 and headquartered in Jacksonville, Florida, Regency Centers began as a single shopping center developer before evolving into one of the largest owners of grocery-center real estate.