Wealthcare Capital Partners LLC Buys New Stake in Regency Centers Co. (NASDAQ:REG)

Wealthcare Capital Partners LLC purchased a new stake in shares of Regency Centers Co. (NASDAQ:REG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,523 shares of the company’s stock, valued at approximately $408,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in REG. Heck Capital Advisors LLC purchased a new position in shares of Regency Centers in the 4th quarter valued at about $26,000. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Regency Centers by 300.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 800 shares of the company’s stock valued at $58,000 after buying an additional 600 shares in the last quarter. Quest Partners LLC grew its stake in Regency Centers by 84.8% in the 3rd quarter. Quest Partners LLC now owns 937 shares of the company’s stock valued at $68,000 after acquiring an additional 430 shares during the period. Brooklyn Investment Group purchased a new stake in Regency Centers in the 3rd quarter worth $96,000. Finally, Quarry LP raised its position in Regency Centers by 2,811.4% during the third quarter. Quarry LP now owns 2,300 shares of the company’s stock worth $166,000 after acquiring an additional 2,221 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Regency Centers Trading Down 0.6 %

Shares of REG stock opened at $73.61 on Tuesday. The company has a 50-day moving average of $72.82 and a two-hundred day moving average of $72.28. The firm has a market cap of $13.36 billion, a PE ratio of 34.72, a price-to-earnings-growth ratio of 3.77 and a beta of 1.21. Regency Centers Co. has a 1-year low of $56.51 and a 1-year high of $76.53. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.95 and a quick ratio of 0.95.

Regency Centers (NASDAQ:REG) last announced its earnings results on Thursday, February 6th. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.61. Regency Centers had a return on equity of 5.89% and a net margin of 27.54%. On average, analysts predict that Regency Centers Co. will post 4.49 EPS for the current year.

Regency Centers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.705 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $2.82 dividend on an annualized basis and a yield of 3.83%. Regency Centers’s dividend payout ratio (DPR) is presently 133.02%.

Wall Street Analysts Forecast Growth

REG has been the subject of several research reports. Evercore ISI cut their price objective on Regency Centers from $78.00 to $77.00 and set an “in-line” rating for the company in a research note on Tuesday, December 24th. Mizuho increased their price objective on Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. JPMorgan Chase & Co. upped their target price on shares of Regency Centers from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. KeyCorp started coverage on shares of Regency Centers in a report on Friday, October 25th. They issued an “overweight” rating and a $80.00 price objective for the company. Finally, Robert W. Baird boosted their target price on Regency Centers from $71.00 to $78.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Regency Centers presently has an average rating of “Moderate Buy” and a consensus price target of $78.08.

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.