Wealth Enhancement Advisory Services LLC Has $1.49 Million Position in Regency Centers Corporation $REG
by Amy Steele · The Cerbat GemWealth Enhancement Advisory Services LLC increased its stake in Regency Centers Corporation (NASDAQ:REG – Free Report) by 105.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 21,448 shares of the company’s stock after acquiring an additional 11,023 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Regency Centers were worth $1,493,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. AQR Capital Management LLC increased its stake in shares of Regency Centers by 15.4% in the 1st quarter. AQR Capital Management LLC now owns 64,337 shares of the company’s stock valued at $4,701,000 after buying an additional 8,563 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Regency Centers by 3.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,894 shares of the company’s stock valued at $1,099,000 after acquiring an additional 557 shares during the period. Empowered Funds LLC boosted its holdings in Regency Centers by 9.6% in the first quarter. Empowered Funds LLC now owns 5,856 shares of the company’s stock valued at $432,000 after acquiring an additional 511 shares during the last quarter. Jane Street Group LLC boosted its holdings in Regency Centers by 81.5% in the first quarter. Jane Street Group LLC now owns 8,247 shares of the company’s stock valued at $608,000 after acquiring an additional 3,702 shares during the last quarter. Finally, Intech Investment Management LLC increased its position in Regency Centers by 47.6% in the first quarter. Intech Investment Management LLC now owns 20,011 shares of the company’s stock worth $1,476,000 after purchasing an additional 6,451 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.
Insider Buying and Selling at Regency Centers
In related news, Chairman Martin E. Stein, Jr. sold 38,000 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $77.21, for a total value of $2,933,980.00. Following the sale, the chairman directly owned 157,892 shares in the company, valued at $12,190,841.32. This trade represents a 19.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders have sold 177,490 shares of company stock valued at $13,839,932. Company insiders own 1.00% of the company’s stock.
Regency Centers Stock Performance
NASDAQ REG opened at $76.98 on Friday. Regency Centers Corporation has a 12 month low of $63.44 and a 12 month high of $79.89. The stock has a 50-day simple moving average of $76.01 and a 200 day simple moving average of $72.26. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $14.09 billion, a PE ratio of 27.49, a P/E/G 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. Stockholders of record on Wednesday, March 11th were paid a $0.755 dividend. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.9%. Regency Centers’s dividend payout ratio is 107.86%.
Analysts Set New Price Targets
REG has been the subject of several recent research reports. Morgan Stanley reissued an “overweight” rating and set a $85.00 price objective on shares of Regency Centers in a report on Monday, January 5th. Jefferies Financial Group set a $79.00 target price on shares of Regency Centers in a research note on Monday, December 15th. Mizuho reissued a “neutral” rating and set a $74.00 price target (down from $77.00) on shares of Regency Centers in a research note on Friday, January 9th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $76.00 price objective (down from $81.00) on shares of Regency Centers in a report on Thursday, December 18th. Finally, Wells Fargo & Company raised their price objective on shares of Regency Centers from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Regency Centers presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.14.
View Our Latest Report on Regency Centers
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.
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