Wealth Enhancement Advisory Services LLC Grows Stock Holdings in Regency Centers Corporation $REG

Wealth Enhancement Advisory Services LLC increased its stake in Regency Centers Corporation (NASDAQ:REG) by 23.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,604 shares of the company’s stock after acquiring an additional 1,619 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Regency Centers were worth $609,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of REG. Envestnet Asset Management Inc. increased its position in shares of Regency Centers by 3.2% during the first quarter. Envestnet Asset Management Inc. now owns 120,960 shares of the company’s stock worth $8,922,000 after purchasing an additional 3,773 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Regency Centers by 14.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,322 shares of the company’s stock valued at $2,210,000 after purchasing an additional 3,857 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Regency Centers by 7.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 4,296 shares of the company’s stock worth $317,000 after acquiring an additional 283 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Regency Centers by 46.2% during the 1st quarter. Teacher Retirement System of Texas now owns 29,633 shares of the company’s stock worth $2,186,000 after acquiring an additional 9,359 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Regency Centers by 43.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,435 shares of the company’s stock worth $106,000 after acquiring an additional 432 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Regency Centers Stock Performance

REG opened at $71.68 on Friday. The business’s 50 day moving average is $71.80 and its 200-day moving average is $71.41. The stock has a market cap of $13.01 billion, a PE ratio of 33.50, a price-to-earnings-growth ratio of 3.10 and a beta of 1.09. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. Regency Centers Corporation has a twelve month low of $63.44 and a twelve month high of $78.18.

Regency Centers (NASDAQ:REG) last released its quarterly earnings results on Tuesday, July 29th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.04. The company had revenue of $369.85 million for the quarter, compared to analysts’ expectations of $366.35 million. Regency Centers had a return on equity of 6.05% and a net margin of 27.00%.The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.06 earnings per share. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. On average, analysts predict that Regency Centers Corporation will post 4.54 earnings per share for the current year.

Regency Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were paid a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Thursday, September 11th. Regency Centers’s dividend payout ratio (DPR) is currently 131.78%.

Analysts Set New Price Targets

Several research analysts recently issued reports on REG shares. Scotiabank lifted their price objective on Regency Centers from $75.00 to $76.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 28th. Wall Street Zen upgraded Regency Centers from a “sell” rating to a “hold” rating in a report on Saturday. Robert W. Baird boosted their price objective on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Wells Fargo & Company upped their target price on Regency Centers from $79.00 to $81.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 27th. Finally, Barclays raised their target price on Regency Centers from $77.00 to $79.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.73.

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.