Louisiana State Employees Retirement System increased its position in Regency Centers Corp (NYSE:REG) by 13.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,900 shares of the real estate investment trust’s stock after buying an additional 1,200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Regency Centers were worth $640,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Piedmont Investment Advisors LLC acquired a new stake in shares of Regency Centers in the second quarter valued at $107,000. Gideon Capital Advisors Inc. acquired a new stake in shares of Regency Centers in the second quarter valued at $202,000. HRT Financial LLC acquired a new stake in shares of Regency Centers in the second quarter valued at $210,000. Brown Advisory Inc. acquired a new stake in shares of Regency Centers in the first quarter valued at $206,000. Finally, WINTON GROUP Ltd acquired a new stake in shares of Regency Centers in the first quarter valued at $207,000. Institutional investors and hedge funds own 93.39% of the company’s stock.
REG has been the subject of several research analyst reports. ValuEngine upgraded Regency Centers from a “sell” rating to a “hold” rating in a report on Friday, June 22nd. TheStreet upgraded Regency Centers from a “c+” rating to a “b-” rating in a report on Friday, July 27th. BMO Capital Markets restated a “hold” rating and issued a $62.00 price objective on shares of Regency Centers in a report on Thursday, August 2nd. Wells Fargo & Co upped their price objective on Regency Centers from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, August 10th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $67.00 target price on shares of Regency Centers in a report on Wednesday, August 15th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $69.36.
Shares of NYSE REG opened at $63.45 on Friday. Regency Centers Corp has a 12 month low of $54.87 and a 12 month high of $70.64. The firm has a market cap of $10.68 billion, a PE ratio of 17.20, a P/E/G ratio of 2.37 and a beta of 0.41. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.92 and a quick ratio of 0.92.
Regency Centers (NYSE:REG) last announced its earnings results on Thursday, August 2nd. The real estate investment trust reported $0.28 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.06). Regency Centers had a net margin of 22.90% and a return on equity of 3.83%. The company had revenue of $274.53 million for the quarter, compared to analysts’ expectations of $269.18 million. During the same period in the prior year, the company earned $0.93 earnings per share. On average, research analysts anticipate that Regency Centers Corp will post 3.79 earnings per share for the current fiscal year.
Regency Centers Company Profile
Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. 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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