Wealth Enhancement Advisory Services LLC Acquires 11,023 Shares of Regency Centers Corporation $REG

Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Regency Centers Corporation (NASDAQ:REG) by 105.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,448 shares of the company’s stock after purchasing an additional 11,023 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Regency Centers were worth $1,493,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in REG. Brown Brothers Harriman & Co. grew its stake in shares of Regency Centers by 63.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock valued at $30,000 after purchasing an additional 157 shares during the period. CYBER HORNET ETFs LLC bought a new position in shares of Regency Centers during the 2nd quarter worth approximately $31,000. Steigerwald Gordon & Koch Inc. acquired a new stake in Regency Centers in the 3rd quarter valued at $33,000. MUFG Securities EMEA plc acquired a new stake in Regency Centers in the 2nd quarter valued at $34,000. Finally, Financial Consulate Inc. bought a new stake in Regency Centers in the third quarter valued at $38,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Regency Centers

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 129,490 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $78.33, for a total transaction of $10,142,951.70. Following the sale, the chairman owned 195,892 shares of the company’s stock, valued at $15,344,220.36. This represents a 39.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders have sold 177,490 shares of company stock worth $13,839,932. 1.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on REG shares. Robert W. Baird set a $84.00 price objective on Regency Centers in a research note on Tuesday, February 10th. Citigroup boosted their target price on shares of Regency Centers from $75.00 to $76.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $76.00 target price (down from $81.00) on shares of Regency Centers in a research report on Thursday, December 18th. Scotiabank lifted their price target on shares of Regency Centers from $76.00 to $82.00 and gave the company a “sector perform” rating in a report on Tuesday, March 24th. Finally, UBS Group set a $76.00 price target on shares of Regency Centers in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.14.

Regency Centers Stock Performance

Shares of REG opened at $76.98 on Friday. The stock has a fifty day moving average price of $76.01 and a two-hundred day moving average price of $72.26. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.05 and a current ratio of 1.05. Regency Centers Corporation has a 52-week low of $63.44 and a 52-week high of $79.89. The company has a market cap of $14.09 billion, a price-to-earnings ratio of 27.49, a PEG ratio of 3.31 and a beta of 0.90.

Regency Centers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th were given a dividend of $0.755 per share. The ex-dividend date was Wednesday, March 11th. This represents a $3.02 annualized dividend and a yield of 3.9%. Regency Centers’s dividend payout ratio is 107.86%.

Regency Centers 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.