State of Alaska Department of Revenue Acquires 305 Shares of Regency Centers Co. (NASDAQ:REG)

State of Alaska Department of Revenue boosted its holdings in shares of Regency Centers Co. (NASDAQ:REG) by 0.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,027 shares of the company’s stock after acquiring an additional 305 shares during the quarter. State of Alaska Department of Revenue owned 0.06% of Regency Centers worth $6,298,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in REG. Signaturefd LLC grew its stake in shares of Regency Centers by 11.1% in the fourth quarter. Signaturefd LLC now owns 1,625 shares of the company’s stock worth $109,000 after purchasing an additional 162 shares during the last quarter. Greenleaf Trust increased its stake in shares of Regency Centers by 4.0% in the fourth quarter. Greenleaf Trust now owns 4,429 shares of the company’s stock valued at $297,000 after buying an additional 170 shares during the period. Naviter Wealth LLC raised its position in shares of Regency Centers by 2.0% during the first quarter. Naviter Wealth LLC now owns 10,901 shares of the company’s stock worth $667,000 after acquiring an additional 218 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Regency Centers by 8.2% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,167 shares of the company’s stock worth $279,000 after acquiring an additional 316 shares during the period. Finally, Arizona State Retirement System lifted its stake in shares of Regency Centers by 0.7% in the fourth quarter. Arizona State Retirement System now owns 45,674 shares of the company’s stock worth $3,060,000 after acquiring an additional 336 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

REG has been the subject of several analyst reports. Mizuho raised their price target on shares of Regency Centers from $60.00 to $61.00 and gave the stock a “neutral” rating in a report on Thursday, May 23rd. Scotiabank lowered their target price on shares of Regency Centers from $68.00 to $65.00 and set a “sector perform” rating for the company in a research note on Thursday, May 16th. Finally, Truist Financial cut their price target on shares of Regency Centers from $72.00 to $70.00 and set a “buy” rating on the stock in a research report on Monday, May 20th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $70.09.

Regency Centers Price Performance

REG stock opened at $61.64 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.37 and a current ratio of 1.37. The business has a 50-day simple moving average of $60.46 and a two-hundred day simple moving average of $61.40. The company has a market capitalization of $11.39 billion, a P/E ratio of 30.07, a price-to-earnings-growth ratio of 4.53 and a beta of 1.21. Regency Centers Co. has a 52-week low of $56.29 and a 52-week high of $68.47.

Regency Centers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Wednesday, June 12th were issued a dividend of $0.67 per share. The ex-dividend date was Wednesday, June 12th. This represents a $2.68 annualized dividend and a yield of 4.35%. Regency Centers’s dividend payout ratio (DPR) is currently 130.73%.

Regency Centers Company Profile

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.