New York State Common Retirement Fund Sells 18,755 Shares of Regency Centers Co. (NASDAQ:REG)

New York State Common Retirement Fund cut its position in shares of Regency Centers Co. (NASDAQ:REGFree Report) by 9.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 179,356 shares of the company’s stock after selling 18,755 shares during the quarter. New York State Common Retirement Fund owned 0.10% of Regency Centers worth $10,661,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Regency Centers during the 4th quarter worth $1,011,208,000. JPMorgan Chase & Co. increased its holdings in Regency Centers by 59.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,384,004 shares of the company’s stock worth $270,800,000 after purchasing an additional 1,634,028 shares in the last quarter. State Street Corp increased its holdings in Regency Centers by 8.1% in the 1st quarter. State Street Corp now owns 11,923,732 shares of the company’s stock worth $857,927,000 after purchasing an additional 890,452 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Regency Centers by 119.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,233,170 shares of the company’s stock worth $73,139,000 after purchasing an additional 671,905 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Regency Centers by 11.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,746,631 shares of the company’s stock worth $412,761,000 after purchasing an additional 669,582 shares in the last quarter. 90.59% of the stock is currently owned by institutional investors.

Regency Centers Stock Down 0.4 %

REG opened at $61.94 on Thursday. The company has a market cap of $11.43 billion, a P/E ratio of 29.08, a P/E/G ratio of 4.29 and a beta of 1.18. The business’s 50-day moving average price is $64.60 and its 200-day moving average price is $62.68. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.58. Regency Centers Co. has a 12 month low of $54.72 and a 12 month high of $68.47.

Analysts Set New Price Targets

REG has been the subject of several recent research reports. Evercore ISI raised Regency Centers from an “in-line” rating to an “outperform” rating and increased their price target for the company from $69.00 to $71.00 in a research note on Monday, January 22nd. Truist Financial upped their target price on Regency Centers from $71.00 to $72.00 and gave the company a “buy” rating in a research report on Tuesday, January 16th. Morgan Stanley upgraded Regency Centers from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $62.00 to $75.00 in a research report on Thursday, December 21st. Deutsche Bank Aktiengesellschaft began coverage on Regency Centers in a report on Tuesday, January 30th. They issued a “buy” rating and a $74.00 price target on the stock. Finally, Compass Point upgraded Regency Centers from a “neutral” rating to a “buy” rating and set a $72.00 price target on the stock in a report on Thursday, November 30th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $71.80.

Get Our Latest Analysis on REG

About Regency Centers

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Regency Centers (NASDAQ:REG)

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