State of Alaska Department of Revenue Acquires 7,767 Shares of Regency Centers Corp (REG)

State of Alaska Department of Revenue boosted its holdings in shares of Regency Centers Corp (NYSE:REG) by 10.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,499 shares of the real estate investment trust’s stock after acquiring an additional 7,767 shares during the period. State of Alaska Department of Revenue’s holdings in Regency Centers were worth $4,955,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of REG. FMR LLC lifted its position in Regency Centers by 5.4% during the 2nd quarter. FMR LLC now owns 3,369,276 shares of the real estate investment trust’s stock valued at $209,165,000 after acquiring an additional 172,900 shares during the period. Federated Investors Inc. PA purchased a new position in Regency Centers during the 2nd quarter valued at about $318,000. First Republic Investment Management Inc. purchased a new position in Regency Centers during the 2nd quarter valued at about $456,000. Natixis purchased a new position in Regency Centers during the 2nd quarter valued at about $808,000. Finally, Morgan Stanley lifted its position in Regency Centers by 25.3% during the 2nd quarter. Morgan Stanley now owns 3,207,953 shares of the real estate investment trust’s stock valued at $199,149,000 after acquiring an additional 648,680 shares during the period. 93.87% of the stock is owned by institutional investors.

Shares of Regency Centers stock opened at $59.79 on Monday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market capitalization of $11.02 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 2.50 and a beta of 0.37. Regency Centers Corp has a 52-week low of $54.87 and a 52-week high of $66.86.

Regency Centers (NYSE:REG) last issued its earnings results on Thursday, October 25th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.03. The business had revenue of $278.31 million during the quarter, compared to analysts’ expectations of $267.51 million. Regency Centers had a net margin of 23.19% and a return on equity of 3.86%. As a group, research analysts predict that Regency Centers Corp will post 3.78 EPS for the current year.

REG has been the subject of a number of recent research reports. BMO Capital Markets reissued a “hold” rating and set a $65.00 price target on shares of Regency Centers in a research report on Tuesday, September 25th. Morgan Stanley set a $71.00 price target on shares of Regency Centers and gave the company a “buy” rating in a research report on Thursday, October 11th. Barclays reissued a “hold” rating and set a $63.00 price target on shares of Regency Centers in a research report on Sunday, October 14th. Scotiabank initiated coverage on shares of Regency Centers in a research report on Tuesday, October 16th. They set a “sector perform” rating for the company. Finally, SunTrust Banks reissued a “buy” rating and set a $69.00 price target on shares of Regency Centers in a research report on Monday, November 19th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $68.57.

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About Regency Centers

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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