Wipfli Financial Advisors LLC Invests $99,000 in Regency Centers Co. (NASDAQ:REG)

Wipfli Financial Advisors LLC purchased a new position in Regency Centers Co. (NASDAQ:REG – Get Rating) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,819 shares of the company’s stock, valued at approximately $99,000.

Other hedge funds have also recently made changes to their positions in the company. CVA Family Office LLC grew its holdings in Regency Centers by 97.8% during the 2nd quarter. CVA Family Office LLC now owns 455 shares of the company’s stock worth $27,000 after acquiring an additional 225 shares in the last quarter. CWM LLC grew its holdings in Regency Centers by 112.7% during the 2nd quarter. CWM LLC now owns 672 shares of the company’s stock worth $40,000 after acquiring an additional 356 shares in the last quarter. Wahed Invest LLC bought a new position in Regency Centers during the 2nd quarter worth about $109,000. Private Trust Co. NA bought a new position in Regency Centers during the 2nd quarter worth about $109,000. Finally, Fifth Third Bancorp grew its holdings in Regency Centers by 20.8% during the 2nd quarter. Fifth Third Bancorp now owns 2,466 shares of the company’s stock worth $146,000 after acquiring an additional 424 shares in the last quarter. 88.58% of the stock is currently owned by institutional investors.

Regency Centers Stock Performance

Shares of Regency Centers stock opened at $64.32 on Thursday. The firm has a market capitalization of $11.01 billion, a P/E ratio of 24.27, a PEG ratio of 4.19 and a beta of 1.11. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.60. The company has a 50 day moving average price of $64.11 and a 200 day moving average price of $61.10. Regency Centers Co. has a 52 week low of $51.97 and a 52 week high of $78.33.

Regency Centers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 4th. Investors of record on Friday, December 16th were given a $0.65 dividend. This is a positive change from Regency Centers’s previous quarterly dividend of $0.63. This represents a $2.60 annualized dividend and a dividend yield of 4.04%. The ex-dividend date was Thursday, December 15th. Regency Centers’s dividend payout ratio (DPR) is presently 98.11%.

Analyst Upgrades and Downgrades

REG has been the topic of several recent research reports. Evercore ISI dropped their target price on shares of Regency Centers to $67.00 in a report on Thursday, October 20th. JPMorgan Chase & Co. raised shares of Regency Centers from a “neutral” rating to an “overweight” rating and increased their price target for the company from $70.00 to $72.00 in a research report on Friday, December 16th. StockNews.com initiated coverage on shares of Regency Centers in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Robert W. Baird raised shares of Regency Centers from a “neutral” rating to an “outperform” rating and set a $71.00 price target for the company in a research report on Thursday, January 5th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Regency Centers from $72.00 to $69.00 and set a “buy” rating for the company in a research report on Friday, October 7th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Regency Centers presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.27.

Regency Centers Company Profile

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Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. 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.