Pacer Advisors Inc. Has $1.93 Million Holdings in Regency Centers Corporation (NASDAQ:REG)

Pacer Advisors Inc. cut its holdings in Regency Centers Corporation (NASDAQ:REG) by 27.8% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 26,183 shares of the company’s stock after selling 10,062 shares during the quarter. Pacer Advisors Inc.’s holdings in Regency Centers were worth $1,931,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Invesco Ltd. increased its holdings in shares of Regency Centers by 121.2% during the fourth quarter. Invesco Ltd. now owns 5,374,450 shares of the company’s stock valued at $397,333,000 after acquiring an additional 2,944,854 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Regency Centers by 64.1% during the fourth quarter. Northern Trust Corp now owns 2,781,614 shares of the company’s stock valued at $205,645,000 after acquiring an additional 1,086,797 shares in the last quarter. California Public Employees Retirement System increased its holdings in shares of Regency Centers by 137.2% during the fourth quarter. California Public Employees Retirement System now owns 776,521 shares of the company’s stock valued at $57,408,000 after acquiring an additional 449,110 shares in the last quarter. Adelante Capital Management LLC bought a new stake in shares of Regency Centers during the fourth quarter valued at approximately $24,399,000. Finally, FMR LLC increased its holdings in shares of Regency Centers by 16.1% during the fourth quarter. FMR LLC now owns 2,113,299 shares of the company’s stock valued at $156,236,000 after acquiring an additional 293,668 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Regency Centers

In other news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the firm’s 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 transaction, the insider owned 33,069 shares in the company, valued at $2,395,518.36. This trade represents a 11.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by insiders.

Regency Centers Price Performance

REG opened at $71.76 on Wednesday. The stock’s 50 day simple moving average is $70.86 and its 200 day simple moving average is $71.80. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.01 and a quick ratio of 1.01. Regency Centers Corporation has a 1 year low of $63.44 and a 1 year high of $78.18. The firm has a market cap of $13.03 billion, a price-to-earnings ratio of 33.85, a PEG ratio of 3.41 and a beta of 1.00.

Regency Centers (NASDAQ:REG) last released its quarterly earnings data on Tuesday, July 29th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.04. Regency Centers had a return on equity of 5.98% and a net margin of 27.21%. The business had revenue of $369.85 million during the quarter, compared to analysts’ expectations of $366.35 million. During the same quarter last year, the business posted $1.06 EPS. The business’s revenue was up 6.6% on a year-over-year basis. As a group, analysts predict that Regency Centers Corporation will post 4.54 earnings per share for the current year.

Regency Centers Announces Dividend

The company 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. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date of this dividend was Wednesday, June 11th. Regency Centers’s payout ratio is presently 133.02%.

Wall Street Analyst Weigh In

Several research firms have recently commented on REG. Barclays started coverage on Regency Centers in a report on Wednesday, July 2nd. They set an “equal weight” rating and a $77.00 price objective for the company. Mizuho decreased their price target on Regency Centers from $79.00 to $74.00 and set an “outperform” rating for the company in a report on Thursday, July 17th. Wall Street Zen downgraded Regency Centers from a “hold” rating to a “sell” rating in a report on Saturday, July 5th. Scotiabank decreased their price target on Regency Centers from $76.00 to $75.00 and set a “sector perform” rating for the company in a report on Monday, May 12th. Finally, Truist Financial upped their price target on Regency Centers from $78.00 to $79.00 and gave the stock a “buy” rating in a report on Monday, May 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $77.54.

Regency Centers 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.