Wealth Enhancement Advisory Services LLC Increases Position in Regency Centers Co. (NASDAQ:REG)

Wealth Enhancement Advisory Services LLC grew its position in Regency Centers Co. (NASDAQ:REG) by 9.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 6,906 shares of the company’s stock after acquiring an additional 619 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Regency Centers were worth $511,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of REG. Sanctuary Advisors LLC lifted its stake in Regency Centers by 104.1% during the fourth quarter. Sanctuary Advisors LLC now owns 20,038 shares of the company’s stock worth $1,442,000 after purchasing an additional 10,221 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in Regency Centers during the fourth quarter worth approximately $1,499,000. Raymond James Financial Inc. purchased a new stake in shares of Regency Centers during the 4th quarter worth approximately $11,925,000. US Bancorp DE boosted its holdings in shares of Regency Centers by 4.3% in the 4th quarter. US Bancorp DE now owns 8,383 shares of the company’s stock valued at $620,000 after buying an additional 347 shares in the last quarter. Finally, Empowered Funds LLC acquired a new position in shares of Regency Centers in the 4th quarter valued at $395,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Regency Centers

In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the business’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $72.44, for a total value of $301,205.52. Following the transaction, the insider now directly owns 33,069 shares of the company’s stock, valued at approximately $2,395,518.36. The trade was a 11.17% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on REG. Scotiabank cut their price target on shares of Regency Centers from $76.00 to $75.00 and set a “sector perform” rating on the stock in a research note on Monday, May 12th. Wells Fargo & Company dropped their price objective on Regency Centers from $80.00 to $79.00 and set an “overweight” rating on the stock in a report on Wednesday, March 26th. Finally, Truist Financial lifted their target price on Regency Centers from $78.00 to $79.00 and gave the stock a “buy” rating in a research report on Monday, May 19th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Regency Centers currently has a consensus rating of “Moderate Buy” and an average price target of $78.08.

Regency Centers Trading Up 0.1%

Shares of Regency Centers stock opened at $71.06 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85. The company has a market capitalization of $12.90 billion, a P/E ratio of 33.52, a PEG ratio of 3.75 and a beta of 1.01. Regency Centers Co. has a 1 year low of $60.33 and a 1 year high of $78.18. The company’s fifty day moving average is $71.45 and its two-hundred day moving average is $72.56.

Regency Centers (NASDAQ:REG) last announced its earnings results on Tuesday, April 29th. The company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.01. The business had revenue of $370.35 million during the quarter, compared to the consensus estimate of $364.64 million. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. During the same quarter in the prior year, the firm earned $1.08 earnings per share. Analysts forecast that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 11th will be given a dividend of $0.705 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $2.82 dividend on an annualized basis and a yield of 3.97%. Regency Centers’s payout ratio is 133.02%.

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.