Regency Centers Corporation $REG Shares Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Regency Centers Corporation (NASDAQ:REG) by 23.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 120,479 shares of the company’s stock after purchasing an additional 23,112 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Regency Centers were worth $9,115,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Regency Centers in the fourth quarter valued at approximately $1,183,667,000. PFA Pension Forsikringsaktieselskab acquired a new position in shares of Regency Centers during the 4th quarter worth approximately $56,480,000. Goldman Sachs Group Inc. lifted its position in shares of Regency Centers by 75.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,806,165 shares of the company’s stock valued at $124,680,000 after buying an additional 775,609 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Regency Centers by 364.9% during the 4th quarter. AQR Capital Management LLC now owns 842,037 shares of the company’s stock valued at $58,126,000 after buying an additional 660,896 shares in the last quarter. Finally, Alyeska Investment Group L.P. purchased a new position in shares of Regency Centers during the 3rd quarter valued at approximately $47,563,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on REG shares. Wells Fargo & Company boosted their price target on shares of Regency Centers from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Morgan Stanley increased their price objective on shares of Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Evercore set a $81.00 target price on shares of Regency Centers in a research report on Tuesday, July 7th. Barclays boosted their target price on shares of Regency Centers from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Finally, Scotiabank upped their price target on shares of Regency Centers from $76.00 to $82.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 24th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $82.94.

Insider Activity

In related news, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $79.06, for a total transaction of $626,708.62. Following the transaction, the insider directly owned 33,069 shares in the company, valued at approximately $2,614,435.14. The trade was a 19.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Martin E. Stein, Jr. sold 274,615 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $78.40, for a total transaction of $21,529,816.00. The disclosure for this sale is available in the SEC filing. Insiders sold 283,782 shares of company stock worth $22,255,898 over the last three months. Insiders own 1.00% of the company’s stock.

Regency Centers Stock Up 0.4%

NASDAQ REG opened at $79.94 on Tuesday. The business has a fifty day moving average price of $78.61 and a 200 day moving average price of $76.37. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.14 and a current ratio of 2.14. The company has a market cap of $14.64 billion, a P/E ratio of 27.57, a P/E/G ratio of 3.38 and a beta of 0.80. Regency Centers Corporation has a one year low of $66.86 and a one year high of $81.93.

Regency Centers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th were given a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Friday, June 12th. Regency Centers’s dividend payout ratio is 104.14%.

About Regency Centers

Regency Centers Corporation is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of grocery-anchored shopping centers. Focused on everyday needs retail, the company’s portfolio is strategically concentrated in high-growth, densely populated markets across the United States. By aligning its properties with essential retailers, Regency Centers delivers stable income streams and drives sustained value for shareholders.

Founded in 1963 and headquartered in Jacksonville, Florida, Regency Centers began as a single shopping center developer before evolving into one of the largest owners of grocery-center real estate.