Regency Centers Corporation (NASDAQ:REG) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its holdings in Regency Centers Corporation (NASDAQ:REG - Free Report) by 6.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 65,374 shares of the company's stock after selling 4,161 shares during the quarter. Nisa Investment Advisors LLC's holdings in Regency Centers were worth $4,876,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Proficio Capital Partners LLC lifted its holdings in shares of Regency Centers by 9.7% during the 4th quarter. Proficio Capital Partners LLC now owns 3,677 shares of the company's stock worth $272,000 after acquiring an additional 326 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Regency Centers in the fourth quarter worth about $11,925,000. PNC Financial Services Group Inc. grew its holdings in shares of Regency Centers by 16.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 21,170 shares of the company's stock valued at $1,565,000 after buying an additional 3,049 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of Regency Centers by 47.4% during the fourth quarter. HighTower Advisors LLC now owns 43,253 shares of the company's stock valued at $3,198,000 after buying an additional 13,911 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in Regency Centers by 27.9% in the fourth quarter. Farther Finance Advisors LLC now owns 1,003 shares of the company's stock worth $74,000 after purchasing an additional 219 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Insider Activity at Regency Centers

In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the firm's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $72.44, for a total value of $301,205.52. Following the transaction, the insider directly owned 33,069 shares of the company's stock, valued at approximately $2,395,518.36. This trade represents a 11.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on REG shares. Barclays assumed coverage on shares of Regency Centers in a research note on Wednesday, July 2nd. They issued an "equal weight" rating and a $77.00 price objective for the company. Wall Street Zen downgraded shares of Regency Centers from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. Truist Financial boosted their target price on shares of Regency Centers from $78.00 to $79.00 and gave the company a "buy" rating in a research note on Monday, May 19th. Wells Fargo & Company reduced their target price on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Finally, Scotiabank dropped their price objective on shares of Regency Centers from $76.00 to $75.00 and set a "sector perform" rating for the company in a report on Monday, May 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $78.00.

Regency Centers Price Performance

Regency Centers stock traded down $1.31 during midday trading on Tuesday, hitting $68.62. 944,187 shares of the company's stock were exchanged, compared to its average volume of 1,064,666. The stock has a 50-day moving average price of $71.37 and a two-hundred day moving average price of $71.90. Regency Centers Corporation has a 52-week low of $63.44 and a 52-week high of $78.18. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $12.46 billion, a P/E ratio of 32.37, a PEG ratio of 3.38 and a beta of 1.00.

Regency Centers (NASDAQ:REG - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $1.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.01. The firm had revenue of $370.35 million during the quarter, compared to analyst estimates of $364.64 million. Regency Centers had a return on equity of 5.98% and a net margin of 27.21%. During the same quarter in the prior year, the firm posted $1.08 earnings per share. On average, equities research analysts forecast that Regency Centers Corporation will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 11th were paid a $0.705 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 4.11%. Regency Centers's dividend payout ratio is currently 133.02%.

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.