State of New Jersey Common Pension Fund D Decreases Stake in Regency Centers Corporation $REG

State of New Jersey Common Pension Fund D lowered its position in Regency Centers Corporation (NASDAQ:REG) by 7.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 156,822 shares of the company’s stock after selling 11,818 shares during the period. State of New Jersey Common Pension Fund D owned 0.09% of Regency Centers worth $10,825,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of REG. Massachusetts Financial Services Co. MA acquired a new stake in shares of Regency Centers in the 3rd quarter worth $107,144,000. Alyeska Investment Group L.P. acquired a new stake in shares of Regency Centers in the 3rd quarter worth $47,563,000. UBS Group AG increased its stake in shares of Regency Centers by 78.8% in the 3rd quarter. UBS Group AG now owns 1,337,215 shares of the company’s stock worth $97,483,000 after acquiring an additional 589,327 shares during the last quarter. National Bank of Canada FI increased its stake in shares of Regency Centers by 334.6% in the 3rd quarter. National Bank of Canada FI now owns 495,964 shares of the company’s stock worth $36,156,000 after acquiring an additional 381,833 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Regency Centers by 3.1% in the 3rd quarter. State Street Corp now owns 12,403,992 shares of the company’s stock worth $912,739,000 after acquiring an additional 368,031 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Weiss Ratings raised Regency Centers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 17th. Robert W. Baird set a $84.00 target price on Regency Centers in a research note on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft raised Regency Centers from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research note on Tuesday, January 20th. Wells Fargo & Company raised their price objective on Regency Centers from $82.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, March 19th. Finally, Scotiabank raised their price objective on Regency Centers from $76.00 to $82.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Regency Centers currently has an average rating of “Moderate Buy” and a consensus target price of $80.57.

Insider Buying and Selling at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 38,000 shares of Regency Centers stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $77.21, for a total transaction of $2,933,980.00. Following the completion of the sale, the chairman directly owned 157,892 shares of the company’s stock, valued at approximately $12,190,841.32. The trade was a 19.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have sold 177,490 shares of company stock valued at $13,839,932. 1.00% of the stock is currently owned by company insiders.

Regency Centers Stock Performance

NASDAQ REG opened at $78.65 on Friday. The company has a market cap of $14.40 billion, a P/E ratio of 27.12, a P/E/G ratio of 3.34 and a beta of 0.83. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.06 and a quick ratio of 1.05. The stock has a 50-day moving average of $77.84 and a two-hundred day moving average of $73.30. Regency Centers Corporation has a 1-year low of $66.86 and a 1-year high of $81.66.

Regency Centers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th were issued a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Wednesday, March 11th. Regency Centers’s dividend payout ratio (DPR) is presently 107.86%.

About Regency Centers

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.