Louisiana State Employees Retirement System Has $651,000 Position in Regency Centers Co. (NASDAQ:REG)

Louisiana State Employees Retirement System lowered its stake in Regency Centers Co. (NASDAQ:REG) by 4.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,800 shares of the company’s stock after selling 400 shares during the period. Louisiana State Employees Retirement System’s holdings in Regency Centers were worth $651,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Glenmede Trust Co. NA boosted its stake in Regency Centers by 4.4% in the third quarter. Glenmede Trust Co. NA now owns 3,382 shares of the company’s stock valued at $244,000 after acquiring an additional 141 shares during the last quarter. Coldstream Capital Management Inc. boosted its stake in Regency Centers by 4.3% in the third quarter. Coldstream Capital Management Inc. now owns 3,950 shares of the company’s stock valued at $286,000 after acquiring an additional 163 shares during the last quarter. Greenleaf Trust boosted its stake in Regency Centers by 3.8% in the fourth quarter. Greenleaf Trust now owns 4,735 shares of the company’s stock valued at $350,000 after acquiring an additional 172 shares during the last quarter. Tectonic Advisors LLC boosted its stake in Regency Centers by 3.0% in the third quarter. Tectonic Advisors LLC now owns 6,941 shares of the company’s stock valued at $501,000 after acquiring an additional 203 shares during the last quarter. Finally, Groupama Asset Managment boosted its stake in Regency Centers by 0.8% in the third quarter. Groupama Asset Managment now owns 27,046 shares of the company’s stock valued at $1,954,000 after acquiring an additional 212 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Regency Centers Trading Up 0.7 %

Shares of NASDAQ:REG opened at $72.87 on Wednesday. Regency Centers Co. has a 12 month low of $56.51 and a 12 month high of $76.53. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.65. The company’s fifty day simple moving average is $72.71 and its 200 day simple moving average is $72.52. The firm has a market cap of $13.23 billion, a price-to-earnings ratio of 34.37, a PEG ratio of 3.77 and a beta of 1.21.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.61. Regency Centers had a net margin of 27.54% and a return on equity of 5.89%. As a group, research analysts forecast that Regency Centers Co. will post 4.49 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a $0.705 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $2.82 annualized dividend and a yield of 3.87%. Regency Centers’s payout ratio is currently 133.02%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on REG. Robert W. Baird lifted their price target on shares of Regency Centers from $71.00 to $78.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. lifted their price target on shares of Regency Centers from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Wells Fargo & Company reduced their price target on shares of Regency Centers from $81.00 to $80.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 29th. KeyCorp began coverage on shares of Regency Centers in a research report on Friday, October 25th. They set an “overweight” rating and a $80.00 price target on the stock. Finally, BTIG Research lifted their price target on shares of Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.08.

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.