Regency Centers Co. (NASDAQ:REG) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV decreased its stake in Regency Centers Co. (NASDAQ:REG - Free Report) by 25.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,486 shares of the company's stock after selling 18,799 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Regency Centers were worth $3,389,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in REG. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Regency Centers by 18.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 312,155 shares of the company's stock worth $18,904,000 after buying an additional 49,188 shares during the period. Cbre Investment Management Listed Real Assets LLC boosted its stake in shares of Regency Centers by 36.9% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 375,952 shares of the company's stock worth $25,189,000 after acquiring an additional 101,260 shares during the period. FORA Capital LLC grew its position in shares of Regency Centers by 493.7% during the first quarter. FORA Capital LLC now owns 25,061 shares of the company's stock worth $1,518,000 after purchasing an additional 20,840 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Regency Centers by 10.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,048,753 shares of the company's stock valued at $547,995,000 after purchasing an additional 873,062 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its holdings in Regency Centers by 14.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 116,726 shares of the company's stock worth $6,998,000 after purchasing an additional 14,410 shares in the last quarter. Institutional investors own 96.07% of the company's stock.

Insider Buying and Selling at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the company's stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $70.00, for a total value of $1,750,000.00. Following the completion of the sale, the chairman now directly owns 307,199 shares of the company's stock, valued at $21,503,930. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the company's stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $70.00, for a total transaction of $1,750,000.00. Following the completion of the sale, the chairman now owns 307,199 shares in the company, valued at $21,503,930. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Michael R. Herman sold 1,000 shares of Regency Centers stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $69.57, for a total value of $69,570.00. Following the completion of the transaction, the vice president now owns 13,010 shares in the company, valued at approximately $905,105.70. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Regency Centers Trading Up 0.8 %

REG traded up $0.55 during trading hours on Monday, reaching $72.14. 986,152 shares of the company's stock traded hands, compared to its average volume of 1,132,629. The firm has a 50-day moving average price of $70.18 and a 200 day moving average price of $63.74. The firm has a market capitalization of $13.09 billion, a PE ratio of 35.19, a PEG ratio of 4.66 and a beta of 1.21. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65. Regency Centers Co. has a 52-week low of $56.29 and a 52-week high of $75.26.

Regency Centers (NASDAQ:REG - Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.02 by ($0.48). The company had revenue of $357.25 million for the quarter, compared to analysts' expectations of $361.56 million. Regency Centers had a net margin of 27.60% and a return on equity of 5.63%. During the same period in the prior year, the firm posted $1.03 earnings per share. As a group, sell-side analysts predict that Regency Centers Co. will post 4.23 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th will be issued a dividend of $0.67 per share. The ex-dividend date is Thursday, September 12th. This represents a $2.68 annualized dividend and a yield of 3.71%. Regency Centers's payout ratio is currently 130.73%.

Analyst Ratings Changes

REG has been the topic of several recent analyst reports. Wells Fargo & Company lifted their price objective on shares of Regency Centers from $69.00 to $79.00 and gave the company an "overweight" rating in a research report on Wednesday, August 28th. Evercore ISI downgraded Regency Centers from an "outperform" rating to an "inline" rating and boosted their target price for the stock from $72.00 to $75.00 in a research report on Monday, September 16th. Truist Financial raised their price target on Regency Centers from $70.00 to $78.00 and gave the company a "buy" rating in a report on Friday, August 16th. Raymond James increased their target price on Regency Centers from $67.00 to $75.00 and gave the company an "outperform" rating in a research report on Friday, August 16th. Finally, Scotiabank lifted their price target on Regency Centers from $65.00 to $75.00 and gave the stock a "sector perform" rating in a research report on Monday, August 26th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $76.10.

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.