Texas Permanent School Fund Acquires 1,302 Shares of Regency Centers Co. (NASDAQ:REG)

Texas Permanent School Fund increased its holdings in shares of Regency Centers Co. (NASDAQ:REG – Get Rating) by 6.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,791 shares of the company’s stock after purchasing an additional 1,302 shares during the period. Texas Permanent School Fund’s holdings in Regency Centers were worth $1,173,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of REG. Principal Financial Group Inc. boosted its stake in Regency Centers by 19.7% in the second quarter. Principal Financial Group Inc. now owns 7,392,275 shares of the company’s stock valued at $438,438,000 after acquiring an additional 1,217,612 shares in the last quarter. State Street Corp boosted its stake in Regency Centers by 8.1% in the first quarter. State Street Corp now owns 11,923,732 shares of the company’s stock valued at $857,927,000 after acquiring an additional 890,452 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Regency Centers by 119.7% in the second quarter. Goldman Sachs Group Inc. now owns 1,233,170 shares of the company’s stock valued at $73,139,000 after acquiring an additional 671,905 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Regency Centers by 101.8% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,179,901 shares of the company’s stock valued at $63,538,000 after acquiring an additional 595,343 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Regency Centers by 1.6% in the first quarter. Vanguard Group Inc. now owns 26,552,444 shares of the company’s stock valued at $1,894,252,000 after acquiring an additional 425,589 shares in the last quarter. 88.58% of the stock is currently owned by institutional investors.

Regency Centers Price Performance

Shares of Regency Centers stock opened at $65.98 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.60. Regency Centers Co. has a twelve month low of $51.97 and a twelve month high of $76.83. The business has a 50-day moving average price of $64.28 and a 200 day moving average price of $61.17. The firm has a market cap of $11.29 billion, a PE ratio of 24.90, a P/E/G ratio of 4.19 and a beta of 1.11.

Regency Centers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 4th. Investors of record on Friday, December 16th were paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 3.94%. The ex-dividend date was Thursday, December 15th. This is a positive change from Regency Centers’s previous quarterly dividend of $0.63. Regency Centers’s payout ratio is currently 98.11%.

Analyst Ratings Changes

A number of research analysts have issued reports on REG shares. StockNews.com started coverage on shares of Regency Centers in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Barclays raised their price target on shares of 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 raised their price target for the stock 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. Finally, Credit Suisse Group raised their price target on shares of Regency Centers to $63.00 in a report on Friday, November 4th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $68.27.

About Regency Centers

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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.