Regency Centers Co. (NASDAQ:REG) Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue boosted its position in Regency Centers Co. (NASDAQ:REG) by 0.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 104,027 shares of the company’s stock after acquiring an additional 305 shares during the quarter. State of Alaska Department of Revenue’s holdings in Regency Centers were worth $6,298,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. increased its holdings in Regency Centers by 641.9% in the third quarter. Financial Gravity Asset Management Inc. now owns 460 shares of the company’s stock valued at $27,000 after buying an additional 398 shares during the last quarter. CVA Family Office LLC acquired a new stake in shares of Regency Centers in the 4th quarter worth $27,000. Capital Analysts LLC purchased a new stake in Regency Centers in the 4th quarter valued at approximately $27,000. Principal Securities Inc. purchased a new stake in shares of Regency Centers in the fourth quarter valued at approximately $106,000. Finally, GAMMA Investing LLC acquired a new position in shares of Regency Centers during the 4th quarter worth $107,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Regency Centers Trading Down 0.6 %

REG stock opened at $61.64 on Thursday. The business has a fifty day simple moving average of $60.46 and a 200-day simple moving average of $61.40. The company has a market cap of $11.39 billion, a price-to-earnings ratio of 30.07, a PEG ratio of 4.53 and a beta of 1.21. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.64. Regency Centers Co. has a 52 week low of $56.29 and a 52 week high of $68.47.

Regency Centers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Wednesday, June 12th were issued a $0.67 dividend. The ex-dividend date of this dividend was Wednesday, June 12th. This represents a $2.68 annualized dividend and a yield of 4.35%. Regency Centers’s payout ratio is 130.73%.

Analysts Set New Price Targets

A number of research firms recently weighed in on REG. Scotiabank lowered their price target on Regency Centers from $68.00 to $65.00 and set a “sector perform” rating on the stock in a report on Thursday, May 16th. Mizuho increased their price objective on Regency Centers from $60.00 to $61.00 and gave the company a “neutral” rating in a research note on Thursday, May 23rd. Finally, Truist Financial decreased their price target on shares of Regency Centers from $72.00 to $70.00 and set a “buy” rating on the stock in a research note on Monday, May 20th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $70.09.

Regency Centers Company Profile

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.