Mercer Global Advisors Inc. ADV Sells 18,799 Shares of Regency Centers Co. (NASDAQ:REG)

Mercer Global Advisors Inc. ADV lowered its position in Regency Centers Co. (NASDAQ:REG) by 25.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. PGGM Investments increased its stake in Regency Centers by 2,586.9% in the 2nd quarter. PGGM Investments now owns 1,670,607 shares of the company’s stock worth $103,912,000 after acquiring an additional 1,608,431 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Regency Centers by 16.5% in the first quarter. Principal Financial Group Inc. now owns 8,565,897 shares of the company’s stock worth $518,751,000 after purchasing an additional 1,210,906 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Regency Centers by 10.7% in the first 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 in the last quarter. Vanguard Group Inc. lifted its position in Regency Centers by 3.0% during the first quarter. Vanguard Group Inc. now owns 28,889,033 shares of the company’s stock valued at $1,749,520,000 after purchasing an additional 830,572 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Regency Centers by 67.0% in the 1st quarter. Russell Investments Group Ltd. now owns 987,147 shares of the company’s stock worth $59,768,000 after buying an additional 395,901 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Regency Centers Trading Down 0.7 %

NASDAQ:REG opened at $71.59 on Monday. The firm has a market capitalization of $12.99 billion, a P/E ratio of 34.92, a P/E/G ratio of 4.66 and a beta of 1.21. Regency Centers Co. has a 52 week low of $56.29 and a 52 week high of $75.26. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65. The company has a fifty day moving average of $70.18 and a 200 day moving average of $63.72.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.48). The firm had revenue of $357.25 million for the quarter, compared to the consensus estimate 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 last year, the company posted $1.03 earnings per share. On average, research analysts predict that Regency Centers Co. will post 4.23 earnings per share for the current year.

Regency Centers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th will be given a $0.67 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.74%. Regency Centers’s dividend payout ratio is currently 130.73%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Compass Point lifted their price objective on shares of Regency Centers from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Mizuho lifted their price target on Regency Centers from $67.00 to $73.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. JPMorgan Chase & Co. increased their price objective on Regency Centers from $71.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Raymond James boosted their target price on Regency Centers from $67.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Finally, Truist Financial increased their price target on shares of Regency Centers from $70.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $76.10.

Insider Activity

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $70.00, for a total transaction of $1,750,000.00. Following the transaction, the chairman now directly owns 307,199 shares of the company’s stock, valued at approximately $21,503,930. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 25,000 shares of Regency Centers stock in a transaction that occurred 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 sale, the chairman now directly owns 307,199 shares of the company’s stock, valued at approximately $21,503,930. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Michael R. Herman sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $69.57, for a total value of $69,570.00. Following 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. Insiders own 1.00% of the company’s stock.

Regency Centers 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.