State of New Jersey Common Pension Fund D Sells 5,000 Shares of Regency Centers Co. (NASDAQ:REG)

State of New Jersey Common Pension Fund D trimmed its position in Regency Centers Co. (NASDAQ:REG) by 2.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 170,210 shares of the company’s stock after selling 5,000 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.09% of Regency Centers worth $12,584,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Sheaff Brock Investment Advisors LLC acquired a new position in shares of Regency Centers during the fourth quarter worth approximately $634,000. Principal Securities Inc. lifted its stake in shares of Regency Centers by 29.0% in the fourth quarter. Principal Securities Inc. now owns 1,360 shares of the company’s stock valued at $101,000 after buying an additional 306 shares during the period. Wealthcare Capital Partners LLC acquired a new stake in Regency Centers during the fourth quarter worth about $408,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Regency Centers during the fourth quarter valued at approximately $479,000. Finally, Empowered Funds LLC acquired a new position in shares of Regency Centers in the 4th quarter valued at $395,000. 96.07% of the stock is owned by institutional investors.

Regency Centers Stock Performance

Shares of Regency Centers stock opened at $72.34 on Tuesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market cap of $13.13 billion, a price-to-earnings ratio of 34.12, a price-to-earnings-growth ratio of 3.77 and a beta of 1.21. Regency Centers Co. has a one year low of $56.51 and a one year high of $76.53. The stock’s 50-day moving average is $72.74 and its 200-day moving average is $72.51.

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

Regency Centers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be given a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date is Wednesday, March 12th. Regency Centers’s dividend payout ratio (DPR) is currently 133.02%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Evercore ISI decreased their price target on Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 24th. Wells Fargo & Company cut their price target on shares of Regency Centers from $81.00 to $80.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. Mizuho raised their price target on Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, January 8th. Robert W. Baird increased 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. Finally, KeyCorp started coverage on shares of Regency Centers in a research note on Friday, October 25th. They issued an “overweight” rating and a $80.00 target price for the company. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Regency Centers has a consensus rating of “Moderate Buy” and a consensus target price of $78.08.

About Regency Centers

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.