Sheaff Brock Investment Advisors LLC Buys Shares of 8,579 Regency Centers Co. (NASDAQ:REG)

Sheaff Brock Investment Advisors LLC bought a new stake in Regency Centers Co. (NASDAQ:REG) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 8,579 shares of the company’s stock, valued at approximately $634,000.

Other large investors have also recently bought and sold shares of the company. Pacer Advisors Inc. raised its position in Regency Centers by 196.1% in the fourth quarter. Pacer Advisors Inc. now owns 36,245 shares of the company’s stock valued at $2,680,000 after purchasing an additional 24,003 shares during the last quarter. Trustmark National Bank Trust Department acquired a new stake in Regency Centers during the third quarter worth approximately $719,000. HighTower Advisors LLC grew its stake in Regency Centers by 47.3% during the third quarter. HighTower Advisors LLC now owns 29,342 shares of the company’s stock worth $2,121,000 after purchasing an additional 9,424 shares during the period. Royal London Asset Management Ltd. grew its stake in Regency Centers by 9.3% during the third quarter. Royal London Asset Management Ltd. now owns 105,433 shares of the company’s stock worth $7,615,000 after purchasing an additional 8,959 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Regency Centers during the third quarter worth approximately $953,000. 96.07% of the stock is currently owned by institutional investors.

Regency Centers Stock Down 3.5 %

REG stock opened at $72.34 on Monday. The stock’s fifty day simple moving average is $72.79 and its two-hundred day simple moving average is $72.48. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.65. Regency Centers Co. has a 1-year low of $56.51 and a 1-year high of $76.53. The stock has a market cap of $13.13 billion, a P/E ratio of 34.12, a P/E/G ratio of 3.77 and a beta of 1.21.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.61. Regency Centers had a return on equity of 5.89% and a net margin of 27.54%. Analysts expect that Regency Centers Co. will post 4.49 EPS for the current year.

Regency Centers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a $0.705 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $2.82 annualized dividend and a yield of 3.90%. Regency Centers’s dividend payout ratio is currently 133.02%.

Analyst Upgrades and Downgrades

Several research firms recently commented on REG. Wells Fargo & Company decreased their target price on Regency Centers from $81.00 to $80.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. Evercore ISI decreased their price objective on Regency Centers from $78.00 to $77.00 and set an “in-line” rating for the company in a report on Tuesday, December 24th. Robert W. Baird boosted their price objective on Regency Centers from $71.00 to $78.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Mizuho boosted their price objective on Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, January 8th. Finally, BTIG Research boosted their price objective on Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Three equities research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.