Envestnet Asset Management Inc. Purchases 3,773 Shares of Regency Centers Corporation (NASDAQ:REG)

Envestnet Asset Management Inc. boosted its position in shares of Regency Centers Corporation (NASDAQ:REG) by 3.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 120,960 shares of the company’s stock after acquiring an additional 3,773 shares during the period. Envestnet Asset Management Inc. owned approximately 0.07% of Regency Centers worth $8,922,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Penserra Capital Management LLC boosted its holdings in Regency Centers by 2,660.9% during the first quarter. Penserra Capital Management LLC now owns 11,430 shares of the company’s stock valued at $843,000 after purchasing an additional 11,016 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Regency Centers by 0.7% during the first quarter. Bank of New York Mellon Corp now owns 1,477,599 shares of the company’s stock valued at $108,988,000 after purchasing an additional 9,619 shares in the last quarter. Wayfinding Financial LLC acquired a new position in shares of Regency Centers in the 1st quarter worth approximately $25,000. IFM Investors Pty Ltd grew its position in Regency Centers by 0.3% during the 1st quarter. IFM Investors Pty Ltd now owns 73,926 shares of the company’s stock worth $5,340,000 after acquiring an additional 236 shares during the last quarter. Finally, Calamos Advisors LLC increased its holdings in Regency Centers by 1.1% during the 1st quarter. Calamos Advisors LLC now owns 94,000 shares of the company’s stock valued at $6,933,000 after purchasing an additional 1,047 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

Regency Centers Stock Down 0.2%

Shares of NASDAQ:REG opened at $69.76 on Tuesday. The company has a fifty day moving average of $71.17 and a 200-day moving average of $71.79. The company has a market capitalization of $12.66 billion, a PE ratio of 32.91, a price-to-earnings-growth ratio of 3.40 and a beta of 1.00. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.01 and a current ratio of 1.01. Regency Centers Corporation has a 52-week low of $63.44 and a 52-week high of $78.18.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.01. The business had revenue of $370.35 million during the quarter, compared to the consensus estimate of $364.64 million. Regency Centers had a return on equity of 5.98% and a net margin of 27.21%. During the same period in the prior year, the business posted $1.08 earnings per share. On average, equities analysts predict that Regency Centers Corporation will post 4.54 EPS for the current fiscal year.

Regency Centers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 11th were paid a $0.705 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $2.82 annualized dividend and a dividend yield of 4.04%. Regency Centers’s dividend payout ratio is presently 133.02%.

Analysts Set New Price Targets

REG has been the subject of several research reports. Barclays initiated coverage on Regency Centers in a research note on Wednesday, July 2nd. They issued an “equal weight” rating and a $77.00 target price for the company. Mizuho reduced their price target on Regency Centers from $79.00 to $74.00 and set an “outperform” rating on the stock in a research report on Thursday, July 17th. Wall Street Zen lowered Regency Centers from a “hold” rating to a “sell” rating in a research report on Saturday, July 5th. Wells Fargo & Company reduced their price target on Regency Centers from $80.00 to $79.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. Finally, Truist Financial raised their price target on Regency Centers from $78.00 to $79.00 and gave the stock a “buy” rating in a research report on Monday, May 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $77.54.

Insider Activity at Regency Centers

In related news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the firm’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $72.44, for a total value of $301,205.52. Following the transaction, the insider owned 33,069 shares of the company’s stock, valued at approximately $2,395,518.36. This trade represents a 11.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

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.