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New York State Common Retirement Fund Purchases 11,161 Shares of Regency Centers Co. (NASDAQ:REG)

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New York State Common Retirement Fund increased its stake in Regency Centers Co. (NASDAQ:REGGet Rating) by 4.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 249,715 shares of the company’s stock after purchasing an additional 11,161 shares during the quarter. New York State Common Retirement Fund owned about 0.15% of Regency Centers worth $17,815,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Advisor Group Holdings Inc. grew its position in shares of Regency Centers by 22.9% in the first quarter. Advisor Group Holdings Inc. now owns 8,498 shares of the company’s stock valued at $708,000 after purchasing an additional 1,586 shares in the last quarter. Wolverine Asset Management LLC grew its position in shares of Regency Centers by 207.1% in the first quarter. Wolverine Asset Management LLC now owns 7,426 shares of the company’s stock valued at $529,000 after purchasing an additional 5,008 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Regency Centers by 3.2% in the first quarter. Victory Capital Management Inc. now owns 107,490 shares of the company’s stock valued at $7,399,000 after purchasing an additional 3,312 shares in the last quarter. Commonwealth Equity Services LLC purchased a new position in shares of Regency Centers in the first quarter valued at $348,000. Finally, Ropes Wealth Advisors LLC purchased a new position in shares of Regency Centers in the first quarter valued at $621,000. 91.72% of the stock is currently owned by hedge funds and other institutional investors.

Regency Centers Price Performance

REG opened at $62.81 on Friday. The stock has a 50-day moving average price of $61.94 and a 200-day moving average price of $66.45. Regency Centers Co. has a 12-month low of $55.78 and a 12-month high of $78.78. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $10.83 billion, a P/E ratio of 22.62, a PEG ratio of 5.97 and a beta of 1.10.

Regency Centers (NASDAQ:REGGet Rating) last posted its quarterly earnings data on Tuesday, May 3rd. The company reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.69. Regency Centers had a return on equity of 7.30% and a net margin of 39.83%. During the same period in the previous year, the company posted $0.90 earnings per share. Equities analysts predict that Regency Centers Co. will post 3.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

REG has been the subject of several recent analyst reports. Jefferies Financial Group reduced their target price on Regency Centers from $79.00 to $69.00 in a research report on Thursday, June 30th. Compass Point reduced their target price on Regency Centers from $75.00 to $67.00 and set a “neutral” rating for the company in a research report on Wednesday, June 22nd. Morgan Stanley reduced their target price on Regency Centers from $63.00 to $57.50 and set an “equal weight” rating for the company in a research report on Friday, July 15th. Credit Suisse Group initiated coverage on Regency Centers in a research report on Wednesday, June 22nd. They set a “neutral” rating and a $56.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Regency Centers from $83.00 to $72.00 in a research report on Monday, July 11th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Regency Centers presently has an average rating of “Hold” and an average target price of $68.41.

About Regency Centers

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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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