State of Alaska Department of Revenue Cuts Position in Regency Centers Co. (NASDAQ:REG)

State of Alaska Department of Revenue reduced its stake in shares of Regency Centers Co. (NASDAQ:REG) by 1.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 105,728 shares of the company’s stock after selling 1,058 shares during the period. State of Alaska Department of Revenue’s holdings in Regency Centers were worth $7,815,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in REG. Heck Capital Advisors LLC acquired a new position in Regency Centers during the fourth quarter worth about $26,000. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Regency Centers by 300.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 800 shares of the company’s stock worth $58,000 after acquiring an additional 600 shares in the last quarter. Quest Partners LLC grew its holdings in shares of Regency Centers by 84.8% in the 3rd quarter. Quest Partners LLC now owns 937 shares of the company’s stock worth $68,000 after acquiring an additional 430 shares during the period. Brooklyn Investment Group purchased a new position in Regency Centers in the 3rd quarter valued at approximately $96,000. Finally, Quarry LP raised its holdings in Regency Centers by 2,811.4% during the third quarter. Quarry LP now owns 2,300 shares of the company’s stock worth $166,000 after purchasing an additional 2,221 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on REG. JPMorgan Chase & Co. upped their target price on Regency Centers from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Monday, November 4th. BTIG Research raised their target price on shares of Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Evercore ISI reduced their price target on shares of Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a report on Tuesday, December 24th. KeyCorp started coverage on shares of Regency Centers in a research note on Friday, October 25th. They set an “overweight” rating and a $80.00 price objective for the company. Finally, Mizuho upped their target price on Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $78.08.

Regency Centers Trading Down 0.1 %

Shares of Regency Centers stock opened at $72.95 on Friday. Regency Centers Co. has a fifty-two week low of $56.51 and a fifty-two week high of $76.53. The business’s fifty day moving average is $72.87 and its two-hundred day moving average is $72.07. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.65. The firm has a market cap of $13.24 billion, a PE ratio of 34.25, a P/E/G ratio of 3.71 and a beta of 1.22.

Regency Centers (NASDAQ:REG) last released its earnings results 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 return on equity of 5.85% and a net margin of 27.78%. Analysts anticipate that Regency Centers Co. will post 4.28 earnings per share for the current year.

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.