Louisiana State Employees Retirement System acquired a new stake in Regency Centers Co. (NASDAQ:REG – Get Rating) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 9,900 shares of the company’s stock, valued at approximately $533,000.
Other large investors have also modified their holdings of the company. HighTower Advisors LLC boosted its stake in shares of Regency Centers by 46.2% during the first quarter. HighTower Advisors LLC now owns 18,448 shares of the company’s stock worth $1,309,000 after buying an additional 5,833 shares during the period. Private Advisor Group LLC acquired a new stake in Regency Centers during the 1st quarter worth approximately $243,000. MetLife Investment Management LLC lifted its position in Regency Centers by 24.0% during the 1st quarter. MetLife Investment Management LLC now owns 42,220 shares of the company’s stock worth $3,012,000 after acquiring an additional 8,175 shares during the period. Panagora Asset Management Inc. grew its stake in shares of Regency Centers by 125.3% in the 1st quarter. Panagora Asset Management Inc. now owns 10,723 shares of the company’s stock valued at $765,000 after purchasing an additional 5,964 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Regency Centers by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,618 shares of the company’s stock valued at $1,471,000 after purchasing an additional 1,277 shares during the period. 88.58% of the stock is owned by institutional investors and hedge funds.
Regency Centers Price Performance
REG opened at $62.53 on Tuesday. Regency Centers Co. has a 1-year low of $51.97 and a 1-year high of $78.33. The firm has a market cap of $10.70 billion, a PE ratio of 23.60, a P/E/G ratio of 4.26 and a beta of 1.11. The stock has a 50 day moving average price of $64.03. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.60.
Regency Centers Increases Dividend
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on REG shares. Barclays increased their price target on Regency Centers from $62.00 to $69.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 6th. JPMorgan Chase & Co. raised shares of Regency Centers from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $70.00 to $72.00 in a report on Friday, December 16th. Robert W. Baird raised shares of Regency Centers from a “neutral” rating to an “outperform” rating and set a $71.00 price target for the company in a report on Thursday, January 5th. StockNews.com started coverage on Regency Centers in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Evercore ISI cut their target price on Regency Centers to $67.00 in a research note on Thursday, October 20th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $68.27.
About Regency Centers
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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