NewEdge Wealth LLC Makes New Investment in Regency Centers Co. (NASDAQ:REG)

NewEdge Wealth LLC acquired a new position in shares of Regency Centers Co. (NASDAQ:REG) during the 4th quarter, Holdings Channel reports. The firm acquired 4,108 shares of the company’s stock, valued at approximately $275,000.

Several other large investors have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC bought a new position in Regency Centers during the 4th quarter worth $255,000. International Assets Investment Management LLC increased its position in shares of Regency Centers by 6,591.3% in the fourth quarter. International Assets Investment Management LLC now owns 16,862 shares of the company’s stock worth $1,130,000 after purchasing an additional 16,610 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Regency Centers by 13.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,340 shares of the company’s stock worth $2,100,000 after purchasing an additional 3,693 shares during the period. DekaBank Deutsche Girozentrale increased its position in shares of Regency Centers by 10.3% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 102,316 shares of the company’s stock worth $6,894,000 after purchasing an additional 9,548 shares during the period. Finally, Asset Management One Co. Ltd. increased its position in shares of Regency Centers by 14.8% in the fourth quarter. Asset Management One Co. Ltd. now owns 368,959 shares of the company’s stock worth $24,960,000 after purchasing an additional 47,572 shares during the period. Institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

REG has been the topic of a number of recent analyst reports. Evercore ISI upgraded Regency Centers from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $69.00 to $71.00 in a research report on Monday, January 22nd. Deutsche Bank Aktiengesellschaft initiated coverage on Regency Centers in a research report on Tuesday, January 30th. They issued a “buy” rating and a $74.00 price target on the stock. Truist Financial raised their price target on Regency Centers from $71.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Morgan Stanley upgraded Regency Centers from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $62.00 to $75.00 in a research report on Thursday, December 21st. Finally, Wells Fargo & Company assumed coverage on Regency Centers in a research report on Thursday, February 1st. They issued an “overweight” rating and a $70.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $70.73.

Regency Centers Stock Performance

Regency Centers stock opened at $57.76 on Friday. The business’s 50-day moving average price is $60.11 and its two-hundred day moving average price is $61.64. Regency Centers Co. has a 12-month low of $54.72 and a 12-month high of $68.47. The stock has a market cap of $10.67 billion, a PE ratio of 28.31, a P/E/G ratio of 3.77 and a beta of 1.16. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 4.64%. The ex-dividend date of this dividend was Tuesday, March 12th. Regency Centers’s payout ratio is 131.37%.

Regency Centers 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.