Regency Centers Corporation (NASDAQ:REG) Shares Acquired by Envestnet Asset Management Inc.

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

Other hedge funds also recently bought and sold shares of the company. State of Wyoming boosted its stake in Regency Centers by 11.3% during the fourth quarter. State of Wyoming now owns 1,543 shares of the company's stock worth $114,000 after buying an additional 157 shares during the period. IFM Investors Pty Ltd grew its stake in Regency Centers by 0.3% in the first quarter. IFM Investors Pty Ltd now owns 73,926 shares of the company's stock valued at $5,340,000 after purchasing an additional 236 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in Regency Centers by 7.7% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,395 shares of the company's stock valued at $251,000 after purchasing an additional 244 shares during the last quarter. Signaturefd LLC grew its stake in shares of Regency Centers by 17.5% during the fourth quarter. Signaturefd LLC now owns 1,757 shares of the company's stock worth $130,000 after acquiring an additional 262 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of Regency Centers by 7.1% during the first quarter. Janney Montgomery Scott LLC now owns 4,296 shares of the company's stock worth $317,000 after acquiring an additional 283 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Insider Activity at Regency Centers

In other news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of Regency Centers stock in a transaction on 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 directly owned 33,069 shares of the company's stock, 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. Insiders own 1.00% of the company's stock.

Regency Centers Price Performance

Regency Centers stock traded up $1.90 during midday trading on Tuesday, reaching $71.66. 833,647 shares of the stock were exchanged, compared to its average volume of 1,067,606. The company's fifty day moving average is $71.17 and its 200-day moving average is $71.79. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $13.01 billion, a PE ratio of 33.80, a PEG ratio of 3.40 and a beta of 1.00. Regency Centers Corporation has a 52 week low of $63.44 and a 52 week high of $78.18.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.14 by $0.01. Regency Centers had a net margin of 27.21% and a return on equity of 5.98%. The firm had revenue of $370.35 million during the quarter, compared to analysts' expectations of $364.64 million. During the same period last year, the company posted $1.08 EPS. On average, sell-side analysts forecast that Regency Centers Corporation will post 4.54 EPS for the current year.

Regency Centers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 11th were paid a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a yield of 3.94%. The ex-dividend date of this dividend was Wednesday, June 11th. Regency Centers's dividend payout ratio (DPR) is presently 133.02%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Wall Street Zen downgraded Regency Centers from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. Barclays initiated coverage on Regency Centers in a research report on Wednesday, July 2nd. They set an "equal weight" rating and a $77.00 target price on the stock. Wells Fargo & Company lowered their target price on Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Truist Financial boosted 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. Finally, Scotiabank reduced their price objective on Regency Centers from $76.00 to $75.00 and set a "sector perform" rating on the stock in a research note on Monday, May 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Regency Centers presently has an average rating of "Moderate Buy" and a consensus price target of $77.54.

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.