New Mexico Educational Retirement Board cut its holdings in shares of Regency Centers Co. (NASDAQ:REG – Get Rating) by 4.3% during the 1st quarter, HoldingsChannel reports. The fund owned 8,950 shares of the company’s stock after selling 400 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Regency Centers were worth $638,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new position in Regency Centers in the 4th quarter worth $1,219,112,000. Capital World Investors increased its holdings in shares of Regency Centers by 29.3% in the fourth quarter. Capital World Investors now owns 17,851,008 shares of the company’s stock worth $1,345,073,000 after buying an additional 4,047,132 shares during the period. American Century Companies Inc. increased its holdings in Regency Centers by 474.3% during the 4th quarter. American Century Companies Inc. now owns 1,751,375 shares of the company’s stock valued at $131,966,000 after acquiring an additional 1,446,435 shares during the period. State Street Corp grew its position in Regency Centers by 7.6% during the 4th quarter. State Street Corp now owns 11,033,280 shares of the company’s stock worth $838,149,000 after acquiring an additional 779,598 shares during the last quarter. Finally, BlackRock Inc. increased its stake in Regency Centers by 3.8% in the 4th quarter. BlackRock Inc. now owns 17,670,922 shares of the company’s stock worth $1,331,505,000 after purchasing an additional 647,092 shares during the period. Hedge funds and other institutional investors own 91.72% of the company’s stock.
Shares of REG stock opened at $59.54 on Friday. The company’s fifty-day moving average price is $65.99 and its 200-day moving average price is $69.03. The stock has a market cap of $10.26 billion, a PE ratio of 21.42, a price-to-earnings-growth ratio of 5.58 and a beta of 1.08. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.60. Regency Centers Co. has a 12 month low of $55.78 and a 12 month high of $78.78.
Regency Centers (NASDAQ:REG – Get Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.69. Regency Centers had a net margin of 39.83% and a return on equity of 7.30%. During the same quarter in the previous year, the company posted $0.90 earnings per share. On average, sell-side analysts forecast that Regency Centers Co. will post 3.89 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 6th. Investors of record on Wednesday, June 15th will be paid a $0.625 dividend. The ex-dividend date is Tuesday, June 14th. This represents a $2.50 annualized dividend and a dividend yield of 4.20%. Regency Centers’s payout ratio is currently 89.93%.
Several research analysts have recently issued reports on REG shares. Credit Suisse Group started coverage on shares of Regency Centers in a report on Wednesday. They issued a “neutral” rating and a $56.00 target price on the stock. Truist Financial lowered their price objective on shares of Regency Centers from $78.00 to $67.00 and set a “buy” rating for the company in a research note on Tuesday. Morgan Stanley reduced their price target on Regency Centers from $73.00 to $67.50 and set an “equal weight” rating on the stock in a report on Thursday, March 3rd. Deutsche Bank Aktiengesellschaft dropped their price objective on Regency Centers from $92.00 to $83.00 and set a “buy” rating for the company in a report on Thursday, March 31st. Finally, Compass Point reduced their target price on Regency Centers from $75.00 to $67.00 and set a “neutral” rating on the stock in a research note on Wednesday. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $70.95.
Regency Centers Company Profile (GetRating)
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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