Envestnet Asset Management Inc. Sells 19,448 Shares of Regency Centers Corporation $REG

Envestnet Asset Management Inc. lessened its stake in Regency Centers Corporation (NASDAQ:REG) by 16.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 95,376 shares of the company’s stock after selling 19,448 shares during the period. Envestnet Asset Management Inc. owned 0.05% of Regency Centers worth $6,953,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of REG. Norges Bank purchased a new stake in shares of Regency Centers in the 2nd quarter worth $1,219,335,000. State Street Corp raised its holdings in shares of Regency Centers by 2.2% in the second quarter. State Street Corp now owns 12,035,961 shares of the company’s stock valued at $865,625,000 after acquiring an additional 262,551 shares in the last quarter. Geode Capital Management LLC lifted its stake in Regency Centers by 1.4% in the second quarter. Geode Capital Management LLC now owns 4,786,646 shares of the company’s stock worth $339,669,000 after acquiring an additional 65,719 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Regency Centers by 3.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,426,163 shares of the company’s stock worth $172,816,000 after acquiring an additional 77,978 shares in the last quarter. Finally, Legal & General Group Plc increased its position in Regency Centers by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 1,774,056 shares of the company’s stock valued at $126,366,000 after purchasing an additional 27,507 shares during the period. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on REG. Deutsche Bank Aktiengesellschaft raised shares of Regency Centers from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research report on Tuesday, January 20th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $76.00 target price (down previously from $81.00) on shares of Regency Centers in a research report on Thursday, December 18th. Morgan Stanley reissued an “overweight” rating and issued a $85.00 price target on shares of Regency Centers in a research report on Monday, January 5th. Robert W. Baird set a $84.00 price objective on Regency Centers in a research note on Tuesday, February 10th. Finally, Weiss Ratings upgraded Regency Centers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, Regency Centers currently has an average rating of “Moderate Buy” and an average target price of $78.79.

Regency Centers Stock Up 1.4%

Regency Centers stock opened at $76.85 on Friday. Regency Centers Corporation has a 1-year low of $63.44 and a 1-year high of $78.18. The business has a fifty day moving average price of $71.55 and a 200-day moving average price of $71.23. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.05 and a quick ratio of 1.20. The stock has a market capitalization of $14.06 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 3.26 and a beta of 0.94.

Regency Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be given a $0.755 dividend. This represents a $3.02 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Wednesday, March 11th. Regency Centers’s dividend payout ratio (DPR) is presently 107.86%.

Regency Centers Profile

Regency Centers Corporation is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of grocery-anchored shopping centers. Focused on everyday needs retail, the company’s portfolio is strategically concentrated in high-growth, densely populated markets across the United States. By aligning its properties with essential retailers, Regency Centers delivers stable income streams and drives sustained value for shareholders.

Founded in 1963 and headquartered in Jacksonville, Florida, Regency Centers began as a single shopping center developer before evolving into one of the largest owners of grocery-center real estate.