Nisa Investment Advisors LLC Sells 4,247 Shares of Regency Centers Co. (NASDAQ:REG)

Nisa Investment Advisors LLC lowered its position in Regency Centers Co. (NASDAQ:REG) by 5.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 69,535 shares of the company’s stock after selling 4,247 shares during the period. Nisa Investment Advisors LLC’s holdings in Regency Centers were worth $5,193,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. State Street Corp lifted its holdings in shares of Regency Centers by 1.1% during the third quarter. State Street Corp now owns 11,768,052 shares of the company’s stock valued at $857,892,000 after purchasing an additional 131,300 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Regency Centers by 4.1% in the third quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company’s stock worth $801,056,000 after acquiring an additional 435,932 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Regency Centers by 3.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,312,535 shares of the company’s stock worth $167,034,000 after acquiring an additional 71,278 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Regency Centers by 1,138.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,075,753 shares of the company’s stock worth $149,932,000 after purchasing an additional 1,908,153 shares during the last quarter. Finally, Waterfront Capital Partners LLC purchased a new position in shares of Regency Centers in the 3rd quarter worth about $33,628,000. 96.07% of the stock is currently owned by institutional investors.

Regency Centers Trading Up 1.0 %

Regency Centers stock opened at $71.77 on Friday. Regency Centers Co. has a 52-week low of $56.51 and a 52-week high of $76.53. The company has a market cap of $13.03 billion, a P/E ratio of 33.69, a P/E/G ratio of 3.68 and a beta of 1.22. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.65. The business has a 50-day simple moving average of $73.30 and a two-hundred day simple moving average of $71.58.

Regency Centers (NASDAQ:REG) last announced its earnings results on Monday, October 28th. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.50). Regency Centers had a net margin of 27.78% and a return on equity of 5.85%. The business had revenue of $360.27 million for the quarter, compared to analysts’ expectations of $355.17 million. During the same period in the prior year, the company posted $1.02 earnings per share. Analysts predict that Regency Centers Co. will post 4.28 EPS for the current year.

Regency Centers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 16th were issued a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a yield of 3.93%. The ex-dividend date was Monday, December 16th. This is a positive change from Regency Centers’s previous quarterly dividend of $0.67. Regency Centers’s payout ratio is currently 132.39%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on REG shares. BTIG Research raised their price objective on shares of Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. KeyCorp assumed coverage on shares of Regency Centers in a report on Friday, October 25th. They issued an “overweight” rating and a $80.00 price objective for the company. Robert W. Baird increased their target price on Regency Centers from $71.00 to $78.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. boosted their price target on Regency Centers from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Finally, Mizuho increased their price objective on Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $78.00.

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.