Teachers Retirement System of The State of Kentucky Reduces Holdings in Regency Centers Co. (NASDAQ:REG)

Teachers Retirement System of The State of Kentucky cut its holdings in shares of Regency Centers Co. (NASDAQ:REG) by 8.8% in the 3rd quarter, Holdings Channel reports. The fund owned 12,425 shares of the company’s stock after selling 1,205 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Regency Centers were worth $898,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Thrivent Financial for Lutherans raised its stake in shares of Regency Centers by 170.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 80,107 shares of the company’s stock valued at $4,983,000 after purchasing an additional 50,444 shares in the last quarter. Raymond James & Associates grew its position in shares of Regency Centers by 41.2% in the 2nd quarter. Raymond James & Associates now owns 151,913 shares of the company’s stock worth $9,449,000 after acquiring an additional 44,290 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Regency Centers by 60.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 33,618 shares of the company’s stock valued at $2,091,000 after acquiring an additional 12,682 shares during the last quarter. Trustmark National Bank Trust Department acquired a new stake in shares of Regency Centers during the 3rd quarter valued at approximately $719,000. Finally, HighTower Advisors LLC lifted its stake in Regency Centers by 47.3% during the third quarter. HighTower Advisors LLC now owns 29,342 shares of the company’s stock worth $2,121,000 after purchasing an additional 9,424 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Regency Centers from a “buy” rating to a “hold” rating and raised their price target for the stock from $70.00 to $75.00 in a research report on Thursday, September 26th. Compass Point lifted their target price on Regency Centers from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Evercore ISI upgraded Regency Centers from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Scotiabank boosted their price objective on Regency Centers from $65.00 to $75.00 and gave the company a “sector perform” rating in a research report on Monday, August 26th. Finally, Robert W. Baird increased their target price on Regency Centers from $71.00 to $78.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $77.08.

Regency Centers Price Performance

Shares of REG opened at $73.21 on Thursday. The firm has a market capitalization of $13.29 billion, a price-to-earnings ratio of 34.37, a price-to-earnings-growth ratio of 4.16 and a beta of 1.22. The stock’s fifty day moving average is $73.42 and its 200-day moving average is $69.65. Regency Centers Co. has a one year low of $56.51 and a one year high of $76.53. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.95 and a current ratio of 0.95.

Regency Centers (NASDAQ:REG) last released its quarterly earnings results on Monday, October 28th. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.50). The company had revenue of $360.27 million for the quarter, compared to the consensus estimate of $355.17 million. Regency Centers had a return on equity of 5.85% and a net margin of 27.78%. During the same quarter last year, the firm posted $1.02 earnings per share. Equities analysts anticipate that Regency Centers Co. will post 4.28 EPS for the current year.

Regency Centers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 16th will be paid a dividend of $0.705 per share. This is a positive change from Regency Centers’s previous quarterly dividend of $0.67. This represents a $2.82 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date is Monday, December 16th. Regency Centers’s dividend payout ratio (DPR) is presently 132.39%.

Regency Centers 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.