Regency Centers Co. (NASDAQ:REG) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its stake in Regency Centers Co. (NASDAQ:REG - Free Report) by 5.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 69,535 shares of the company's stock after selling 4,247 shares during the quarter. Nisa Investment Advisors LLC's holdings in Regency Centers were worth $5,193,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Ballentine Partners LLC increased its stake in Regency Centers by 9.4% in the 4th quarter. Ballentine Partners LLC now owns 3,178 shares of the company's stock valued at $235,000 after buying an additional 272 shares during the period. Merit Financial Group LLC purchased a new stake in shares of Regency Centers in the fourth quarter valued at about $223,000. Avanza Fonder AB acquired a new position in shares of Regency Centers during the fourth quarter worth about $902,000. Ritholtz Wealth Management purchased a new position in Regency Centers during the fourth quarter worth about $207,000. Finally, Contravisory Investment Management Inc. acquired a new stake in Regency Centers in the fourth quarter valued at about $567,000. Institutional investors and hedge funds own 96.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Mizuho increased their target price on Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 8th. Evercore ISI reduced their target price on Regency Centers from $78.00 to $77.00 and set an "in-line" rating for the company in a report on Tuesday, December 24th. JPMorgan Chase & Co. upped their price target on shares of Regency Centers from $77.00 to $80.00 and gave the stock an "overweight" rating in a research note on Monday, November 4th. KeyCorp initiated coverage on shares of Regency Centers in a research note on Friday, October 25th. They issued an "overweight" rating and a $80.00 price objective for the company. Finally, BTIG Research boosted their price objective on shares of Regency Centers from $72.00 to $79.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $78.00.

Regency Centers Price Performance

Shares of NASDAQ:REG traded up $0.70 on Friday, hitting $71.77. The company had a trading volume of 797,714 shares, compared to its average volume of 757,312. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.65. The company has a market cap of $13.03 billion, a PE ratio of 33.69, a PEG ratio of 3.68 and a beta of 1.22. Regency Centers Co. has a 52-week low of $56.51 and a 52-week high of $76.53. The business has a 50 day moving average of $73.30 and a 200 day moving average of $71.58.

Regency Centers (NASDAQ:REG - Get Free Report) last released its earnings results on Monday, October 28th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.04 by ($0.50). The firm had revenue of $360.27 million during the quarter, compared to analysts' expectations of $355.17 million. Regency Centers had a net margin of 27.78% and a return on equity of 5.85%. During the same quarter last year, the company posted $1.02 earnings per share. As a group, equities analysts anticipate that Regency Centers Co. will post 4.28 earnings per share for the current fiscal year.

Regency Centers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 16th were paid a $0.705 dividend. This is a boost from Regency Centers's previous quarterly dividend of $0.67. This represents a $2.82 annualized dividend and a yield of 3.93%. The ex-dividend date was Monday, December 16th. Regency Centers's payout ratio is presently 132.39%.

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.