Nisa Investment Advisors LLC grew its holdings in shares of Regency Centers Corp (NYSE:REG) by 17.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,312 shares of the real estate investment trust’s stock after acquiring an additional 4,752 shares during the period. Nisa Investment Advisors LLC’s holdings in Regency Centers were worth $2,090,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its stake in shares of Regency Centers by 14.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,519 shares of the real estate investment trust’s stock valued at $103,000 after acquiring an additional 194 shares in the last quarter. ETF Managers Group LLC lifted its position in shares of Regency Centers by 9.0% during the first quarter. ETF Managers Group LLC now owns 2,473 shares of the real estate investment trust’s stock worth $167,000 after purchasing an additional 205 shares during the last quarter. Advisor Partners LLC lifted its position in shares of Regency Centers by 4.6% during the first quarter. Advisor Partners LLC now owns 4,975 shares of the real estate investment trust’s stock worth $336,000 after purchasing an additional 218 shares during the last quarter. Conning Inc. lifted its position in shares of Regency Centers by 5.5% during the first quarter. Conning Inc. now owns 4,221 shares of the real estate investment trust’s stock worth $285,000 after purchasing an additional 220 shares during the last quarter. Finally, Commonwealth Bank of Australia lifted its position in shares of Regency Centers by 4.2% during the first quarter. Commonwealth Bank of Australia now owns 5,620 shares of the real estate investment trust’s stock worth $378,000 after purchasing an additional 224 shares during the last quarter. Institutional investors own 93.87% of the company’s stock.
Shares of REG stock traded up $0.08 during trading hours on Friday, hitting $66.04. 206,983 shares of the company were exchanged, compared to its average volume of 849,822. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.87 and a quick ratio of 0.87. Regency Centers Corp has a one year low of $55.50 and a one year high of $70.26. The firm has a 50-day moving average price of $67.67. The company has a market cap of $11.05 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 2.50 and a beta of 0.37.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 22nd. Shareholders of record on Monday, August 12th will be issued a $0.585 dividend. This represents a $2.34 dividend on an annualized basis and a yield of 3.54%. Regency Centers’s dividend payout ratio is currently 63.41%.
In other Regency Centers news, insider H Craig Ramey sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $66.90, for a total value of $66,900.00. Following the transaction, the insider now owns 16,976 shares of the company’s stock, valued at $1,135,694.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.
Separately, Citigroup set a $76.00 price target on shares of Regency Centers and gave the stock a “buy” rating in a research report on Monday, May 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. Regency Centers has an average rating of “Buy” and a consensus target price of $69.33.
Regency Centers Company Profile
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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