Verdence Capital Advisors LLC Makes New $300,000 Investment in Regency Centers Co. (NASDAQ:REG)

Verdence Capital Advisors LLC purchased a new stake in Regency Centers Co. (NASDAQ:REG) in the fourth quarter, Holdings Channel.com reports. The fund purchased 4,479 shares of the company’s stock, valued at approximately $300,000.

A number of other large investors have also made changes to their positions in the stock. Greenleaf Trust increased its holdings in shares of Regency Centers by 4.0% in the 4th quarter. Greenleaf Trust now owns 4,429 shares of the company’s stock valued at $297,000 after purchasing an additional 170 shares in the last quarter. Capital Analysts LLC purchased a new position in shares of Regency Centers in the 4th quarter valued at about $27,000. Lecap Asset Management Ltd. purchased a new position in shares of Regency Centers in the 4th quarter valued at about $1,272,000. Louisiana State Employees Retirement System acquired a new stake in Regency Centers in the 4th quarter valued at about $663,000. Finally, NewEdge Wealth LLC acquired a new stake in Regency Centers in the 4th quarter valued at about $275,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

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

Regency Centers Stock Performance

Regency Centers stock opened at $60.08 on Wednesday. The company has a market cap of $11.10 billion, a PE ratio of 29.45, a P/E/G ratio of 3.90 and a beta of 1.16. The company has a fifty day moving average price of $60.01 and a two-hundred day moving average price of $61.73. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.85 and a quick ratio of 0.85. Regency Centers Co. has a 12 month low of $54.72 and a 12 month high of $68.47.

Regency Centers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 4.46%. The ex-dividend date was Tuesday, March 12th. Regency Centers’s dividend payout ratio (DPR) is 131.37%.

About Regency Centers

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.