State of New Jersey Common Pension Fund D Decreases Position in Regency Centers Corporation $REG

State of New Jersey Common Pension Fund D decreased its holdings in shares of Regency Centers Corporation (NASDAQ:REG) by 7.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 156,822 shares of the company’s stock after selling 11,818 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Regency Centers were worth $10,825,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in REG. AQR Capital Management LLC lifted its stake in Regency Centers by 15.4% during the first quarter. AQR Capital Management LLC now owns 64,337 shares of the company’s stock worth $4,701,000 after purchasing an additional 8,563 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Regency Centers by 3.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,894 shares of the company’s stock worth $1,099,000 after purchasing an additional 557 shares during the last quarter. Empowered Funds LLC lifted its stake in Regency Centers by 9.6% during the first quarter. Empowered Funds LLC now owns 5,856 shares of the company’s stock worth $432,000 after purchasing an additional 511 shares during the last quarter. Jane Street Group LLC lifted its stake in Regency Centers by 81.5% during the first quarter. Jane Street Group LLC now owns 8,247 shares of the company’s stock worth $608,000 after purchasing an additional 3,702 shares during the last quarter. Finally, Intech Investment Management LLC lifted its stake in Regency Centers by 47.6% during the first quarter. Intech Investment Management LLC now owns 20,011 shares of the company’s stock worth $1,476,000 after purchasing an additional 6,451 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. UBS Group set a $76.00 target price on Regency Centers in a research note on Wednesday, January 14th. Evercore set a $80.00 price objective on Regency Centers in a research note on Friday. Barclays boosted their price objective on Regency Centers from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, March 2nd. Morgan Stanley boosted their price objective on Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Finally, Weiss Ratings upgraded Regency Centers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $80.57.

Regency Centers Price Performance

Shares of NASDAQ REG opened at $78.65 on Friday. The stock has a market cap of $14.40 billion, a P/E ratio of 27.12, a P/E/G ratio of 3.34 and a beta of 0.83. The company has a current ratio of 2.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.72. The stock has a 50 day moving average of $77.84 and a two-hundred day moving average of $73.30. Regency Centers Corporation has a twelve month low of $66.86 and a twelve month high of $81.66.

Regency Centers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th were issued a $0.755 dividend. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.8%. Regency Centers’s payout ratio is presently 107.86%.

Insider Activity

In other news, Chairman Martin E. Stein, Jr. sold 129,490 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $78.33, for a total value of $10,142,951.70. Following the transaction, the chairman owned 195,892 shares of the company’s stock, valued at approximately $15,344,220.36. The trade was a 39.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 177,490 shares of company stock valued at $13,839,932 over the last quarter. Insiders own 1.00% of the company’s stock.

Regency Centers Profile

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.