Wealthfront Advisers LLC Trims Stock Position in Regency Centers Co. (NASDAQ:REG)

Wealthfront Advisers LLC lessened its stake in shares of Regency Centers Co. (NASDAQ:REG) by 4.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,280 shares of the company’s stock after selling 1,355 shares during the quarter. Wealthfront Advisers LLC’s holdings in Regency Centers were worth $1,847,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of REG. Heck Capital Advisors LLC purchased a new stake in Regency Centers in the 4th quarter valued at $26,000. National Pension Service purchased a new stake in Regency Centers in the 4th quarter valued at $27,000. Catalyst Capital Advisors LLC purchased a new stake in Regency Centers in the 4th quarter valued at $54,000. Venturi Wealth Management LLC raised its position in Regency Centers by 4,400.0% in the 4th quarter. Venturi Wealth Management LLC now owns 855 shares of the company’s stock valued at $63,000 after purchasing an additional 836 shares during the last quarter. Finally, Quest Partners LLC raised its position in Regency Centers by 84.8% in the 3rd quarter. Quest Partners LLC now owns 937 shares of the company’s stock valued at $68,000 after purchasing an additional 430 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on REG shares. Mizuho upped their price target on shares of Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, January 8th. Wells Fargo & Company reduced their price target on shares of Regency Centers from $81.00 to $80.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. BTIG Research upped their price target on shares of Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, Evercore ISI dropped their price objective on shares of Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 24th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $78.08.

Insider Transactions at Regency Centers

In related news, CEO Lisa Palmer sold 25,000 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $73.26, for a total value of $1,831,500.00. Following the sale, the chief executive officer now directly owns 139,923 shares of the company’s stock, valued at approximately $10,250,758.98. This represents a 15.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $73.48, for a total transaction of $3,674,000.00. Following the completion of the sale, the chairman now directly owns 110,263 shares in the company, valued at approximately $8,102,125.24. The trade was a 31.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 95,000 shares of company stock valued at $6,977,500 in the last ninety days. 1.00% of the stock is currently owned by company insiders.

Regency Centers Stock Performance

NASDAQ:REG opened at $71.07 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.85 and a debt-to-equity ratio of 0.66. Regency Centers Co. has a fifty-two week low of $56.51 and a fifty-two week high of $78.18. The stock has a market cap of $12.89 billion, a PE ratio of 33.52, a price-to-earnings-growth ratio of 3.75 and a beta of 1.23. The firm’s fifty day simple moving average is $72.81 and its 200-day simple moving average is $73.01.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.61. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. Analysts expect that Regency Centers Co. will post 4.54 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.705 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.97%. Regency Centers’s dividend payout ratio (DPR) is presently 133.02%.

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.