Regency Centers Co. (NASDAQ:REG) Shares Acquired by Naviter Wealth LLC

Naviter Wealth LLC boosted its position in Regency Centers Co. (NASDAQ:REG) by 24.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,683 shares of the company’s stock after purchasing an additional 2,078 shares during the quarter. Naviter Wealth LLC’s holdings in Regency Centers were worth $722,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CVA Family Office LLC acquired a new stake in Regency Centers in the 4th quarter worth about $27,000. Capital Analysts LLC purchased a new position in shares of Regency Centers during the 4th quarter worth about $27,000. Glass Jacobson Investment Advisors llc acquired a new stake in shares of Regency Centers in the third quarter worth approximately $26,000. Financial Gravity Asset Management Inc. grew its holdings in Regency Centers by 641.9% in the third quarter. Financial Gravity Asset Management Inc. now owns 460 shares of the company’s stock valued at $27,000 after purchasing an additional 398 shares during the period. Finally, Bogart Wealth LLC acquired a new position in Regency Centers during the third quarter worth approximately $31,000. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft started coverage on Regency Centers in a report on Tuesday, January 30th. They issued a “buy” rating and a $74.00 price objective on the stock. Truist Financial increased their price objective on shares of Regency Centers from $71.00 to $72.00 and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Mizuho started coverage on Regency Centers in a research note on Thursday, April 18th. They issued a “neutral” rating and a $60.00 target price on the stock. Wells Fargo & Company began coverage on Regency Centers in a report on Thursday, February 1st. They set an “overweight” rating and a $70.00 price target on the stock. Finally, Evercore ISI upgraded shares of Regency Centers from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $69.00 to $71.00 in a research note on Monday, January 22nd. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $70.73.

Regency Centers Price Performance

NASDAQ REG opened at $59.01 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $10.90 billion, a price-to-earnings ratio of 28.93, a price-to-earnings-growth ratio of 3.84 and a beta of 1.16. The company has a 50 day simple moving average of $59.87 and a 200-day simple moving average of $61.73. Regency Centers Co. has a 52-week low of $54.72 and a 52-week high of $68.47.

Regency Centers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th were paid a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $2.68 dividend on an annualized basis and a yield of 4.54%. Regency Centers’s dividend payout ratio (DPR) is currently 131.37%.

Regency Centers Company 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.