Venturi Wealth Management LLC Purchases 836 Shares of Regency Centers Co. (NASDAQ:REG)

Venturi Wealth Management LLC lifted its position in shares of Regency Centers Co. (NASDAQ:REG) by 4,400.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 855 shares of the company’s stock after buying an additional 836 shares during the quarter. Venturi Wealth Management LLC’s holdings in Regency Centers were worth $63,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in REG. Heck Capital Advisors LLC bought a new position in shares of Regency Centers during the 4th quarter worth $26,000. Catalyst Capital Advisors LLC bought a new stake in Regency Centers during the fourth quarter valued at about $54,000. Quest Partners LLC boosted its position in Regency Centers by 84.8% during the third quarter. Quest Partners LLC now owns 937 shares of the company’s stock valued at $68,000 after purchasing an additional 430 shares in the last quarter. Brooklyn Investment Group bought a new stake in Regency Centers during the third quarter valued at about $96,000. Finally, Principal Securities Inc. boosted its position in Regency Centers by 29.0% during the fourth quarter. Principal Securities Inc. now owns 1,360 shares of the company’s stock valued at $101,000 after purchasing an additional 306 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Regency Centers Trading Up 1.4 %

Shares of NASDAQ:REG opened at $74.33 on Tuesday. Regency Centers Co. has a 52-week low of $56.51 and a 52-week high of $76.53. The stock has a market cap of $13.48 billion, a price-to-earnings ratio of 35.06, a PEG ratio of 3.75 and a beta of 1.21. The company has a quick ratio of 0.95, a current ratio of 0.85 and a debt-to-equity ratio of 0.66. The business has a 50-day moving average price of $72.59 and a 200-day moving average price of $72.64.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.61. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. Equities analysts predict that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a yield of 3.79%. The ex-dividend date is Wednesday, March 12th. Regency Centers’s dividend payout ratio (DPR) is 133.02%.

Insider Buying and Selling

In related news, CFO Michael J. Mas sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $73.60, for a total transaction of $1,472,000.00. Following the sale, the chief financial officer now directly owns 54,020 shares of the company’s stock, valued at $3,975,872. This trade represents a 27.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lisa Palmer sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $73.26, for a total value of $1,831,500.00. Following the sale, the chief executive officer now directly owns 139,923 shares in the company, valued at approximately $10,250,758.98. This trade represents a 15.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on REG. Mizuho raised their price objective on Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, January 8th. Evercore ISI dropped their price objective on Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 24th. Wells Fargo & Company dropped their price objective on Regency Centers from $81.00 to $80.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 29th. Robert W. Baird increased their price target on Regency Centers from $71.00 to $78.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Finally, BTIG Research increased their price target on Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Regency Centers presently has a consensus rating of “Moderate Buy” and a consensus target price 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.