Envestnet Asset Management Inc. Has $8.92 Million Stock Holdings in Regency Centers Corporation (NASDAQ:REG)

Envestnet Asset Management Inc. boosted its holdings in Regency Centers Corporation (NASDAQ:REG - Free Report) by 3.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 120,960 shares of the company's stock after purchasing an additional 3,773 shares during the period. Envestnet Asset Management Inc. owned about 0.07% of Regency Centers worth $8,922,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Wayfinding Financial LLC bought a new position in Regency Centers during the 1st quarter worth approximately $25,000. Heck Capital Advisors LLC bought a new position in Regency Centers during the 4th quarter worth approximately $26,000. TD Waterhouse Canada Inc. lifted its holdings in Regency Centers by 48,700.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock worth $36,000 after buying an additional 487 shares during the last quarter. Sentry Investment Management LLC bought a new stake in shares of Regency Centers in the 1st quarter worth approximately $38,000. Finally, Canada Post Corp Registered Pension Plan bought a new stake in shares of Regency Centers in the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

Regency Centers Price Performance

Shares of REG stock traded down $0.27 during mid-day trading on Friday, hitting $71.26. 92,247 shares of the stock traded hands, compared to its average volume of 1,074,182. Regency Centers Corporation has a twelve month low of $63.44 and a twelve month high of $78.18. The firm has a market cap of $12.94 billion, a price-to-earnings ratio of 33.52, a price-to-earnings-growth ratio of 3.48 and a beta of 1.00. The company's 50-day simple moving average is $71.02 and its 200-day simple moving average is $71.77. 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 (NASDAQ:REG - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.01. Regency Centers had a return on equity of 5.98% and a net margin of 27.21%. The company had revenue of $370.35 million for the quarter, compared to analysts' expectations of $364.64 million. During the same period last year, the firm earned $1.08 EPS. As a group, equities research analysts expect that Regency Centers Corporation will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Wednesday, June 11th were issued a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date was Wednesday, June 11th. Regency Centers's payout ratio is 133.02%.

Analyst Ratings Changes

REG has been the topic of several recent research reports. Scotiabank cut their price target on Regency Centers from $76.00 to $75.00 and set a "sector perform" rating on the stock in a report on Monday, May 12th. Barclays initiated coverage on Regency Centers in a report on Wednesday, July 2nd. They issued an "equal weight" rating and a $77.00 price target on the stock. Wall Street Zen downgraded Regency Centers from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. Mizuho cut their price target on Regency Centers from $79.00 to $74.00 and set an "outperform" rating on the stock in a report on Thursday, July 17th. 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 report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $77.54.

Insider Activity

In related news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of Regency Centers stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $72.44, for a total value of $301,205.52. Following the transaction, the insider directly owned 33,069 shares in the company, valued at $2,395,518.36. The trade was a 11.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.00% of the stock is owned by insiders.

About Regency Centers

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.