Pacer Advisors Inc. Sells 10,062 Shares of Regency Centers Corporation (NASDAQ:REG)

Pacer Advisors Inc. decreased its holdings in Regency Centers Corporation (NASDAQ:REG - Free Report) by 27.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 26,183 shares of the company's stock after selling 10,062 shares during the period. Pacer Advisors Inc.'s holdings in Regency Centers were worth $1,931,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wayfinding Financial LLC acquired a new position in Regency Centers during the 1st quarter worth about $25,000. Heck Capital Advisors LLC acquired a new position in Regency Centers during the 4th quarter worth about $26,000. TD Waterhouse Canada Inc. lifted its holdings in Regency Centers by 48,700.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock worth $36,000 after buying an additional 487 shares during the period. Canada Post Corp Registered Pension Plan acquired a new position in Regency Centers during the 4th quarter worth about $39,000. Finally, Sentry Investment Management LLC acquired a new position in Regency Centers during the 1st quarter worth about $38,000. Institutional investors own 96.07% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Robert W. Baird lifted their target price on Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a report on Wednesday. Scotiabank dropped their price objective on Regency Centers from $76.00 to $75.00 and set a "sector perform" rating on the stock in a research note on Monday, May 12th. Wall Street Zen downgraded Regency Centers from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. Truist Financial boosted their price objective on Regency Centers from $78.00 to $79.00 and gave the company a "buy" rating in a research note on Monday, May 19th. Finally, Barclays started coverage on Regency Centers in a research note on Wednesday, July 2nd. They issued an "equal weight" rating and a $77.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $77.92.

Insider Activity at Regency Centers

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

Regency Centers Stock Down 1.3%

Regency Centers stock traded down $0.92 during midday trading on Friday, reaching $70.48. The stock had a trading volume of 1,141,645 shares, compared to its average volume of 1,091,238. Regency Centers Corporation has a 12 month low of $63.44 and a 12 month high of $78.18. The company has a market capitalization of $12.79 billion, a P/E ratio of 32.93, a PEG ratio of 3.47 and a beta of 1.00. The company has a fifty day moving average price of $70.89 and a two-hundred day moving average price of $71.81. The company has a current ratio of 1.13, a quick ratio of 1.01 and a debt-to-equity ratio of 0.72.

Regency Centers (NASDAQ:REG - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.12 by $0.04. The firm had revenue of $369.85 million during the quarter, compared to the consensus estimate of $366.35 million. Regency Centers had a return on equity of 6.05% and a net margin of 27.00%. The company's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.06 earnings per share. As a group, equities analysts expect that Regency Centers Corporation will post 4.54 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 4.0%. Regency Centers's dividend payout ratio is 131.78%.

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.