Louisiana State Employees Retirement System Has $651,000 Holdings in Regency Centers Co. (NASDAQ:REG)

Louisiana State Employees Retirement System lessened its holdings in Regency Centers Co. (NASDAQ:REG) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,800 shares of the company’s stock after selling 400 shares during the period. Louisiana State Employees Retirement System’s holdings in Regency Centers were worth $651,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of REG. Pacer Advisors Inc. lifted its position in Regency Centers by 196.1% during the 4th quarter. Pacer Advisors Inc. now owns 36,245 shares of the company’s stock worth $2,680,000 after acquiring an additional 24,003 shares during the last quarter. Trustmark National Bank Trust Department acquired a new position in Regency Centers during the 3rd quarter worth $719,000. HighTower Advisors LLC lifted its position in Regency Centers by 47.3% during the 3rd quarter. HighTower Advisors LLC now owns 29,342 shares of the company’s stock worth $2,121,000 after acquiring an additional 9,424 shares during the last quarter. Royal London Asset Management Ltd. lifted its position in Regency Centers by 9.3% during the 3rd quarter. Royal London Asset Management Ltd. now owns 105,433 shares of the company’s stock worth $7,615,000 after acquiring an additional 8,959 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in Regency Centers during the 3rd quarter worth $953,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Regency Centers Price Performance

Shares of Regency Centers stock opened at $72.87 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $13.23 billion, a price-to-earnings ratio of 34.37, a P/E/G ratio of 3.77 and a beta of 1.21. Regency Centers Co. has a 1-year low of $56.51 and a 1-year high of $76.53. The firm’s 50-day moving average price is $72.71 and its two-hundred day moving average price is $72.52.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.61. Regency Centers had a net margin of 27.54% and a return on equity of 5.89%. On average, equities analysts predict that Regency Centers Co. will post 4.49 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend is Wednesday, March 12th. Regency Centers’s dividend payout ratio is currently 133.02%.

Analysts Set New Price Targets

A number of research firms have weighed in on REG. KeyCorp began coverage on shares of Regency Centers in a research report on Friday, October 25th. They set an “overweight” rating and a $80.00 target price for the company. Wells Fargo & Company dropped their price objective on shares of Regency Centers from $81.00 to $80.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. Mizuho boosted their price objective on shares of Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. BTIG Research boosted their price objective on shares of Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Robert W. Baird boosted their price objective on shares of Regency Centers from $71.00 to $78.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Regency Centers presently has an average rating of “Moderate Buy” and a consensus price target of $78.08.

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.