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

Aprio Wealth Management LLC purchased a new position in shares of Regency Centers Co. (NASDAQ:REG) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,033 shares of the company’s stock, valued at approximately $224,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Thrivent Financial for Lutherans boosted its position in Regency Centers by 170.1% during the second quarter. Thrivent Financial for Lutherans now owns 80,107 shares of the company’s stock worth $4,983,000 after purchasing an additional 50,444 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Regency Centers by 60.6% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 33,618 shares of the company’s stock worth $2,091,000 after buying an additional 12,682 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of Regency Centers by 47.3% during the 3rd quarter. HighTower Advisors LLC now owns 29,342 shares of the company’s stock worth $2,121,000 after buying an additional 9,424 shares during the period. Royal London Asset Management Ltd. grew its stake in Regency Centers by 9.3% in the 3rd quarter. Royal London Asset Management Ltd. now owns 105,433 shares of the company’s stock valued at $7,615,000 after buying an additional 8,959 shares during the last quarter. Finally, Trustmark National Bank Trust Department bought a new position in Regency Centers in the 3rd quarter worth $719,000. Institutional investors own 96.07% of the company’s stock.

Regency Centers Stock Down 0.1 %

REG opened at $70.66 on Wednesday. Regency Centers Co. has a fifty-two week low of $56.51 and a fifty-two week high of $76.53. The company has a market capitalization of $12.82 billion, a P/E ratio of 33.17, a P/E/G ratio of 4.16 and a beta of 1.22. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.95 and a quick ratio of 0.95. The firm’s fifty day moving average price is $73.67 and its two-hundred day moving average price is $71.17.

Regency Centers (NASDAQ:REG) last posted its earnings results on Monday, October 28th. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.50). Regency Centers had a net margin of 27.78% and a return on equity of 5.85%. The business had revenue of $360.27 million during the quarter, compared to the consensus estimate of $355.17 million. During the same period in the previous year, the firm earned $1.02 EPS. On average, analysts anticipate that Regency Centers Co. will post 4.28 EPS for the current year.

Regency Centers Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 16th were issued a $0.705 dividend. The ex-dividend date of this dividend was Monday, December 16th. This is a boost from Regency Centers’s previous quarterly dividend of $0.67. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.99%. Regency Centers’s dividend payout ratio is presently 132.39%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on REG shares. Mizuho upped their price target on shares of Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, January 8th. Robert W. Baird increased their target price on Regency Centers from $71.00 to $78.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. KeyCorp assumed coverage on Regency Centers in a report on Friday, October 25th. They issued an “overweight” rating and a $80.00 target price on the stock. BTIG Research upped their price target on Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Regency Centers from a “buy” rating to a “hold” rating and raised their price objective for the stock from $70.00 to $75.00 in a research note on Thursday, September 26th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $78.00.

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.