Regency Centers Corp (REG) Shares Sold by State Board of Administration of Florida Retirement System

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State Board of Administration of Florida Retirement System reduced its stake in Regency Centers Corp (NYSE:REG) by 0.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 215,668 shares of the real estate investment trust’s stock after selling 228 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.13% of Regency Centers worth $12,655,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Point72 Hong Kong Ltd purchased a new position in Regency Centers in the third quarter worth $106,000. Conning Inc. lifted its stake in Regency Centers by 5.5% in the fourth quarter. Conning Inc. now owns 4,001 shares of the real estate investment trust’s stock worth $235,000 after purchasing an additional 210 shares during the last quarter. Ninepoint Partners LP bought a new stake in Regency Centers in the fourth quarter worth $274,000. Mackenzie Financial Corp lifted its stake in Regency Centers by 22.7% in the third quarter. Mackenzie Financial Corp now owns 4,483 shares of the real estate investment trust’s stock worth $290,000 after purchasing an additional 829 shares during the last quarter. Finally, First Hawaiian Bank bought a new stake in Regency Centers in the third quarter worth $294,000. Institutional investors and hedge funds own 93.87% of the company’s stock.

Several analysts have weighed in on the stock. Barclays raised shares of Regency Centers from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $63.00 to $69.00 in a research note on Monday, February 4th. Scotiabank assumed coverage on shares of Regency Centers in a research note on Tuesday, October 16th. They issued a “sector perform” rating for the company. Zacks Investment Research raised shares of Regency Centers from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research note on Tuesday, January 29th. Royal Bank of Canada downgraded shares of Regency Centers from a “top pick” rating to an “outperform” rating and set a $62.30 price target for the company. in a research note on Friday, December 14th. Finally, SunTrust Banks reissued a “buy” rating and issued a $69.00 price target on shares of Regency Centers in a research note on Monday, November 19th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $69.03.

Shares of NYSE:REG traded up $0.14 during midday trading on Monday, hitting $65.86. 8,041 shares of the stock traded hands, compared to its average volume of 955,043. The company has a market cap of $11.14 billion, a price-to-earnings ratio of 17.84, a price-to-earnings-growth ratio of 2.50 and a beta of 0.37. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.57. Regency Centers Corp has a one year low of $54.87 and a one year high of $66.86.

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Regency Centers Profile

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.

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Institutional Ownership by Quarter for Regency Centers (NYSE:REG)

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