5,523 Shares in Regency Centers Co. (NASDAQ:REG) Acquired by Wealthcare Capital Partners LLC

Wealthcare Capital Partners LLC acquired a new stake in Regency Centers Co. (NASDAQ:REG) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,523 shares of the company’s stock, valued at approximately $408,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Heck Capital Advisors LLC purchased a new position in Regency Centers in the 4th quarter worth about $26,000. Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Regency Centers by 300.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 800 shares of the company’s stock worth $58,000 after acquiring an additional 600 shares during the period. Quest Partners LLC raised its stake in shares of Regency Centers by 84.8% during the third quarter. Quest Partners LLC now owns 937 shares of the company’s stock valued at $68,000 after acquiring an additional 430 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of Regency Centers in the third quarter valued at approximately $96,000. Finally, Quarry LP grew its stake in Regency Centers by 2,811.4% in the third quarter. Quarry LP now owns 2,300 shares of the company’s stock worth $166,000 after purchasing an additional 2,221 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on REG shares. Evercore ISI lowered 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. Mizuho increased their target price on shares of Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. 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 report on Monday, November 4th. Robert W. Baird lifted their price objective on shares of Regency Centers from $71.00 to $78.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Finally, BTIG Research upped their target price on 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 issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Regency Centers has a consensus rating of “Moderate Buy” and an average target price of $78.08.

Regency Centers Price Performance

Shares of NASDAQ REG opened at $73.61 on Tuesday. Regency Centers Co. has a fifty-two week low of $56.51 and a fifty-two week high of $76.53. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $13.36 billion, a PE ratio of 34.72, a P/E/G ratio of 3.77 and a beta of 1.21. The business has a 50-day simple moving average of $72.82 and a two-hundred day simple moving average of $72.28.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.61. Regency Centers had a net margin of 27.54% and a return on equity of 5.89%. As a group, equities analysts expect that Regency Centers Co. will post 4.49 EPS for the current fiscal year.

Regency Centers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be paid a $0.705 dividend. This represents a $2.82 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend is Wednesday, March 12th. Regency Centers’s payout ratio is 133.02%.

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.