Regency Centers Corporation $REG Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its position in Regency Centers Corporation (NASDAQ:REG) by 16.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,376 shares of the company’s stock after selling 19,448 shares during the period. Envestnet Asset Management Inc.’s holdings in Regency Centers were worth $6,953,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in REG. CYBER HORNET ETFs LLC acquired a new position in shares of Regency Centers in the second quarter valued at about $31,000. Steigerwald Gordon & Koch Inc. acquired a new position in Regency Centers in the 3rd quarter worth approximately $33,000. MUFG Securities EMEA plc purchased a new position in Regency Centers during the 2nd quarter worth approximately $34,000. Financial Consulate Inc. acquired a new stake in Regency Centers during the 3rd quarter valued at approximately $38,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of 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 during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on REG shares. Weiss Ratings raised shares of Regency Centers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. Barclays raised Regency Centers from an “equal weight” rating to an “overweight” rating and cut their price target for the stock from $83.00 to $82.00 in a research report on Tuesday, November 18th. UBS Group set a $76.00 price objective on Regency Centers in a report on Wednesday, January 14th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $76.00 target price (down from $81.00) on shares of Regency Centers in a report on Thursday, December 18th. Finally, Mizuho reiterated a “neutral” rating and set a $74.00 price target (down from $77.00) on shares of Regency Centers in a research report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $78.79.

Regency Centers Trading Up 1.4%

REG stock opened at $76.85 on Friday. Regency Centers Corporation has a 52-week low of $63.44 and a 52-week high of $78.18. The company has a quick ratio of 1.20, a current ratio of 1.05 and a debt-to-equity ratio of 0.68. The firm has a market cap of $14.06 billion, a P/E ratio of 27.45, a PEG ratio of 3.26 and a beta of 0.94. The company’s 50-day simple moving average is $71.55 and its 200-day simple moving average is $71.23.

Regency Centers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be issued a $0.755 dividend. This represents a $3.02 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, March 11th. Regency Centers’s dividend payout ratio (DPR) is presently 107.86%.

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.