NewEdge Wealth LLC Invests $275,000 in Regency Centers Co. (NASDAQ:REG)

NewEdge Wealth LLC acquired a new position in Regency Centers Co. (NASDAQ:REG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,108 shares of the company’s stock, valued at approximately $275,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Retirement Systems of Alabama grew its stake in shares of Regency Centers by 1.5% in the third quarter. Retirement Systems of Alabama now owns 130,908 shares of the company’s stock worth $7,781,000 after acquiring an additional 1,917 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in Regency Centers by 5.7% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 32,817 shares of the company’s stock worth $1,951,000 after buying an additional 1,775 shares in the last quarter. Barclays PLC boosted its stake in Regency Centers by 165.6% during the third quarter. Barclays PLC now owns 711,096 shares of the company’s stock worth $42,267,000 after buying an additional 443,407 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Regency Centers by 5.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 15,691 shares of the company’s stock worth $933,000 after buying an additional 760 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in Regency Centers by 2.3% during the third quarter. Legal & General Group Plc now owns 2,007,720 shares of the company’s stock worth $119,339,000 after buying an additional 44,965 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Regency Centers Stock Performance

Regency Centers stock opened at $57.76 on Friday. The stock has a 50-day simple moving average of $60.11 and a 200 day simple moving average of $61.64. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.60. Regency Centers Co. has a 12-month low of $54.72 and a 12-month high of $68.47. The stock has a market capitalization of $10.67 billion, a price-to-earnings ratio of 28.31, a P/E/G ratio of 3.77 and a beta of 1.16.

Regency Centers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th were issued 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 dividend yield of 4.64%. Regency Centers’s dividend payout ratio is 131.37%.

Analyst Upgrades and Downgrades

REG has been the topic of a number of recent research reports. Evercore ISI upgraded shares of Regency Centers from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $69.00 to $71.00 in a research note on Monday, January 22nd. Wells Fargo & Company initiated coverage on shares of Regency Centers in a research note on Thursday, February 1st. They set an “overweight” rating and a $70.00 price target on the stock. Truist Financial lifted their price target 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. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Regency Centers in a research note on Tuesday, January 30th. They set a “buy” rating and a $74.00 price target on the stock. Finally, Mizuho initiated coverage on Regency Centers in a report on Thursday. They set a “neutral” rating and a $60.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Regency Centers has an average rating of “Moderate Buy” and an average target price of $70.73.

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.