Retirement Systems of Alabama Raises Stock Position in Regency Centers Co. (NASDAQ:REG)

Retirement Systems of Alabama increased its stake in Regency Centers Co. (NASDAQ:REGFree Report) by 1.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 130,908 shares of the company’s stock after purchasing an additional 1,917 shares during the quarter. Retirement Systems of Alabama’s holdings in Regency Centers were worth $7,781,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in REG. Vanguard Group Inc. boosted its stake in shares of Regency Centers by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 26,552,444 shares of the company’s stock worth $1,894,252,000 after acquiring an additional 425,589 shares during the last quarter. BlackRock Inc. boosted its holdings in Regency Centers by 3.9% in the 1st quarter. BlackRock Inc. now owns 17,807,259 shares of the company’s stock worth $1,089,448,000 after buying an additional 660,801 shares during the period. Norges Bank bought a new position in Regency Centers in the 4th quarter worth $1,011,208,000. State Street Corp boosted 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 buying an additional 890,452 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in Regency Centers by 1.2% in the 3rd quarter. Principal Financial Group Inc. now owns 7,330,089 shares of the company’s stock worth $435,697,000 after buying an additional 90,051 shares during the period. Hedge funds and other institutional investors own 90.59% of the company’s stock.

Regency Centers Stock Performance

Regency Centers stock opened at $62.67 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.78 and a quick ratio of 0.78. Regency Centers Co. has a 1-year low of $54.72 and a 1-year high of $68.56. The firm has a market capitalization of $11.57 billion, a P/E ratio of 29.42, a price-to-earnings-growth ratio of 4.35 and a beta of 1.19. The company’s 50-day moving average is $64.52 and its 200 day moving average is $62.76.

Wall Street Analysts Forecast Growth

REG has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Regency Centers in a report on Tuesday. They issued a “buy” rating and a $74.00 target price for the company. StockNews.com initiated coverage on shares of Regency Centers in a report on Thursday, October 5th. They issued a “hold” rating for the company. Compass Point raised shares of Regency Centers from a “neutral” rating to a “buy” rating and set a $72.00 target price for the company in a report on Thursday, November 30th. Evercore ISI raised shares of Regency Centers from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $69.00 to $71.00 in a report on Monday, January 22nd. Finally, Morgan Stanley upgraded shares of Regency Centers from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $62.00 to $75.00 in a research note on Thursday, December 21st. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Regency Centers has a consensus rating of “Moderate Buy” and an average price target of $72.00.

Read Our Latest Research Report on Regency Centers

Regency Centers Profile

(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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