Retirement Systems of Alabama Purchases 1,716 Shares of Regency Centers Co. (NASDAQ:REG)

Retirement Systems of Alabama raised its position in Regency Centers Co. (NASDAQ:REG) by 1.3% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 131,726 shares of the company’s stock after acquiring an additional 1,716 shares during the period. Retirement Systems of Alabama owned about 0.07% of Regency Centers worth $8,193,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Stableford Capital II LLC bought a new stake in Regency Centers during the 2nd quarter worth about $1,546,000. Nisa Investment Advisors LLC increased its position in shares of Regency Centers by 0.4% in the second quarter. Nisa Investment Advisors LLC now owns 94,051 shares of the company’s stock valued at $5,913,000 after acquiring an additional 378 shares during the last quarter. Raymond James & Associates raised its holdings in Regency Centers by 41.2% during the second quarter. Raymond James & Associates now owns 151,913 shares of the company’s stock worth $9,449,000 after acquiring an additional 44,290 shares in the last quarter. Blue Trust Inc. boosted its position in Regency Centers by 582.1% during the second quarter. Blue Trust Inc. now owns 839 shares of the company’s stock valued at $51,000 after purchasing an additional 716 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in Regency Centers by 3.3% in the second quarter. Assenagon Asset Management S.A. now owns 4,744 shares of the company’s stock valued at $295,000 after purchasing an additional 152 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Insiders Place Their Bets

In related news, VP Michael R. Herman sold 1,000 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $69.57, for a total transaction of $69,570.00. Following the sale, the vice president now owns 13,010 shares of the company’s stock, valued at $905,105.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, VP Michael R. Herman sold 1,000 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $69.57, for a total transaction of $69,570.00. Following the completion of the sale, the vice president now directly owns 13,010 shares in the company, valued at approximately $905,105.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 25,000 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $70.00, for a total value of $1,750,000.00. Following the completion of the transaction, the chairman now owns 307,199 shares in the company, valued at approximately $21,503,930. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Regency Centers Trading Up 1.0 %

Shares of NASDAQ:REG opened at $71.42 on Friday. The stock has a market cap of $13.20 billion, a PE ratio of 34.84, a P/E/G ratio of 4.35 and a beta of 1.21. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65. Regency Centers Co. has a 12-month low of $56.29 and a 12-month high of $71.73. The business has a 50 day moving average of $65.75 and a 200-day moving average of $62.06.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.48). Regency Centers had a net margin of 27.60% and a return on equity of 5.63%. The firm had revenue of $357.25 million during the quarter, compared to analyst estimates of $361.56 million. During the same period in the prior year, the company earned $1.03 earnings per share. As a group, equities research analysts forecast that Regency Centers Co. will post 4.23 earnings per share for the current year.

Regency Centers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend is Thursday, September 12th. Regency Centers’s dividend payout ratio is currently 130.73%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on REG shares. Scotiabank dropped their price objective on Regency Centers from $68.00 to $65.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 16th. Raymond James increased their price target on shares of Regency Centers from $67.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Truist Financial boosted their price objective on shares of Regency Centers from $70.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Mizuho raised their target price on shares of Regency Centers from $67.00 to $73.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Finally, JPMorgan Chase & Co. boosted their price target on Regency Centers from $71.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $72.73.

Regency Centers 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.