Pacer Advisors Inc. Buys 14,665 Shares of Regency Centers Corporation $REG

Pacer Advisors Inc. lifted its stake in Regency Centers Corporation (NASDAQ:REG) by 112.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,697 shares of the company’s stock after purchasing an additional 14,665 shares during the quarter. Pacer Advisors Inc.’s holdings in Regency Centers were worth $1,912,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brown Brothers Harriman & Co. lifted its position in Regency Centers by 63.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock valued at $30,000 after acquiring an additional 157 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in Regency Centers in the 2nd quarter valued at approximately $31,000. MUFG Securities EMEA plc bought a new position in Regency Centers in the 2nd quarter valued at approximately $34,000. EverSource Wealth Advisors LLC lifted its position in Regency Centers by 233.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 570 shares of the company’s stock valued at $41,000 after acquiring an additional 399 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in Regency Centers in the 3rd quarter valued at approximately $48,000. 96.07% of the stock is owned by institutional investors.

Insider Buying and Selling at Regency Centers

In other news, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $79.06, for a total value of $626,708.62. Following the completion of the sale, the insider directly owned 33,069 shares in the company, valued at $2,614,435.14. This represents a 19.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Martin E. Stein, Jr. sold 274,615 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $78.40, for a total value of $21,529,816.00. The SEC filing for this sale provides additional information. Insiders sold a total of 460,032 shares of company stock valued at $35,996,456 over the last 90 days. 1.00% of the stock is currently owned by company insiders.

Regency Centers Trading Up 0.3%

NASDAQ:REG opened at $76.92 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.14 and a quick ratio of 2.14. The firm has a market capitalization of $14.08 billion, a price-to-earnings ratio of 26.52, a price-to-earnings-growth ratio of 3.25 and a beta of 0.82. Regency Centers Corporation has a one year low of $66.86 and a one year high of $81.66. The business has a fifty day moving average price of $77.76 and a 200-day moving average price of $73.63.

Regency Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th will be paid a $0.755 dividend. This represents a $3.02 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, June 12th. Regency Centers’s dividend payout ratio is 104.14%.

Analyst Ratings Changes

REG has been the topic of several analyst reports. Truist Financial upped their price objective on Regency Centers from $77.00 to $84.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Weiss Ratings raised Regency Centers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 17th. Barclays upped their price objective on Regency Centers from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday. Robert W. Baird set a $84.00 price objective on Regency Centers in a research report on Tuesday, February 10th. Finally, Wells Fargo & Company increased their price target on Regency Centers from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, March 19th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $81.36.

Regency Centers Company Profile

Regency Centers Corporation is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of grocery-anchored shopping centers. Focused on everyday needs retail, the company’s portfolio is strategically concentrated in high-growth, densely populated markets across the United States. By aligning its properties with essential retailers, Regency Centers delivers stable income streams and drives sustained value for shareholders.

Founded in 1963 and headquartered in Jacksonville, Florida, Regency Centers began as a single shopping center developer before evolving into one of the largest owners of grocery-center real estate.