Arizona State Retirement System boosted its holdings in shares of Regency Centers Co. (NASDAQ:REG – Free Report) by 7.8% in the third quarter, Holdings Channel.com reports. The fund owned 45,338 shares of the company’s stock after buying an additional 3,262 shares during the quarter. Arizona State Retirement System’s holdings in Regency Centers were worth $2,695,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. Texas Permanent School Fund Corp grew its holdings in Regency Centers by 0.5% during the 2nd quarter. Texas Permanent School Fund Corp now owns 32,267 shares of the company’s stock worth $1,993,000 after acquiring an additional 158 shares during the period. Brinker Capital Investments LLC grew its holdings in Regency Centers by 5.3% during the 1st quarter. Brinker Capital Investments LLC now owns 3,215 shares of the company’s stock worth $229,000 after acquiring an additional 161 shares during the period. Wahed Invest LLC grew its holdings in Regency Centers by 8.6% during the 2nd quarter. Wahed Invest LLC now owns 2,439 shares of the company’s stock worth $151,000 after acquiring an additional 194 shares during the period. Kentucky Retirement Systems Insurance Trust Fund boosted its position in shares of Regency Centers by 4.1% during the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,519 shares of the company’s stock worth $297,000 after purchasing an additional 219 shares in the last quarter. Finally, Horizon Investments LLC boosted its position in shares of Regency Centers by 10.3% during the second quarter. Horizon Investments LLC now owns 2,444 shares of the company’s stock worth $151,000 after purchasing an additional 228 shares in the last quarter. Institutional investors and hedge funds own 90.59% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on REG shares. StockNews.com started coverage on shares of Regency Centers in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Compass Point raised shares of Regency Centers from a “neutral” rating to a “buy” rating and set a $72.00 price target on the stock in a research report on Thursday, November 30th. Morgan Stanley raised shares of Regency Centers from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $62.00 to $75.00 in a research report on Thursday, December 21st. Truist Financial lifted their price target on shares of Regency Centers from $71.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Regency Centers in a research report on Tuesday. They set a “buy” rating and a $74.00 price target on the stock. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $71.80.
Regency Centers Stock Up 1.6 %
Shares of REG stock opened at $63.65 on Friday. 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 1 year low of $54.72 and a 1 year high of $68.56. The firm’s fifty day moving average price is $64.57 and its two-hundred day moving average price is $62.77. The firm has a market capitalization of $11.75 billion, a P/E ratio of 29.88, a PEG ratio of 4.32 and a beta of 1.18.
About Regency Centers
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.
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