Nisa Investment Advisors LLC Cuts Stock Holdings in Regency Centers Co. (NASDAQ:REG)

Nisa Investment Advisors LLC lowered its stake in Regency Centers Co. (NASDAQ:REG) by 21.6% during the 3rd quarter, Holdings Channel reports. The firm owned 73,782 shares of the company’s stock after selling 20,269 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Regency Centers were worth $5,387,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale boosted its stake in Regency Centers by 0.8% during the third quarter. DekaBank Deutsche Girozentrale now owns 80,078 shares of the company’s stock valued at $5,674,000 after buying an additional 644 shares during the last quarter. Forsta AP Fonden raised its holdings in shares of Regency Centers by 6.7% during the 3rd quarter. Forsta AP Fonden now owns 53,800 shares of the company’s stock worth $3,886,000 after acquiring an additional 3,400 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Regency Centers by 36.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,570 shares of the company’s stock valued at $1,898,000 after acquiring an additional 7,044 shares during the last quarter. Ballentine Partners LLC purchased a new position in shares of Regency Centers in the third quarter valued at $210,000. Finally, Tectonic Advisors LLC increased its position in Regency Centers by 3.0% in the third quarter. Tectonic Advisors LLC now owns 6,941 shares of the company’s stock worth $501,000 after purchasing an additional 203 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Insider Activity

In related news, VP Michael R. Herman sold 1,000 shares of Regency Centers stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $69.57, for a total transaction of $69,570.00. Following the transaction, the vice president now directly owns 13,010 shares of the company’s stock, valued at $905,105.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

REG has been the subject of a number of recent research reports. Robert W. Baird lifted their price objective on shares of Regency Centers from $71.00 to $78.00 and gave the stock an “outperform” rating in a research note on Thursday. Evercore ISI raised Regency Centers from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Truist Financial lifted their target price on Regency Centers from $70.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Compass Point raised their price target on Regency Centers from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Regency Centers from $71.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $76.67.

Regency Centers Price Performance

Shares of REG stock opened at $71.44 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market capitalization of $12.97 billion, a P/E ratio of 33.54, a P/E/G ratio of 4.42 and a beta of 1.21. The company’s 50-day simple moving average is $72.14 and its two-hundred day simple moving average is $66.05. Regency Centers Co. has a one year low of $56.51 and a one year high of $75.26.

Regency Centers (NASDAQ:REG) last issued its earnings results on Monday, October 28th. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 5.63% and a net margin of 27.60%. During the same quarter in the prior year, the company posted $1.02 earnings per share. As a group, equities analysts anticipate that Regency Centers Co. will post 4.24 EPS for the current year.

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.