B. Riley Wealth Advisors Inc. Invests $412,000 in Regency Centers Co. (NASDAQ:REG)

B. Riley Wealth Advisors Inc. bought a new position in shares of Regency Centers Co. (NASDAQ:REG) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,546 shares of the company’s stock, valued at approximately $412,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Fidelis Capital Partners LLC bought a new position in shares of Regency Centers during the 1st quarter valued at about $27,000. Quest Partners LLC boosted its position in shares of Regency Centers by 25,250.0% during the 2nd quarter. Quest Partners LLC now owns 507 shares of the company’s stock valued at $32,000 after acquiring an additional 505 shares during the last quarter. Family Firm Inc. purchased a new position in shares of Regency Centers in the second quarter valued at $44,000. Blue Trust Inc. raised its stake in Regency Centers by 582.1% during the second quarter. Blue Trust Inc. now owns 839 shares of the company’s stock valued at $51,000 after purchasing an additional 716 shares in the last quarter. Finally, EntryPoint Capital LLC bought a new stake in shares of Regency Centers in the 1st quarter worth about $52,000. Institutional investors own 96.07% of the company’s stock.

Regency Centers Price Performance

Shares of NASDAQ REG opened at $70.41 on Tuesday. Regency Centers Co. has a fifty-two week low of $56.51 and a fifty-two week high of $75.26. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market cap of $13.01 billion, a PE ratio of 34.15, a P/E/G ratio of 4.42 and a beta of 1.21. The business has a 50-day simple moving average of $71.41 and a two-hundred day simple moving average of $64.54.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.48). The company had revenue of $357.25 million for the quarter, compared to analysts’ expectations of $361.56 million. Regency Centers had a net margin of 27.60% and a return on equity of 5.63%. During the same period last year, the firm earned $1.03 earnings per share. As a group, equities analysts expect that Regency Centers Co. will post 4.24 EPS for the current fiscal year.

Regency Centers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th were paid a $0.67 dividend. The ex-dividend date was Thursday, September 12th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.81%. Regency Centers’s payout ratio is currently 130.73%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Wells Fargo & Company upped their price objective on Regency Centers from $69.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. JPMorgan Chase & Co. increased their target price on Regency Centers from $71.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft downgraded shares of Regency Centers from a “buy” rating to a “hold” rating and raised their price target for the stock from $70.00 to $75.00 in a research note on Thursday, September 26th. Scotiabank raised their target price on shares of Regency Centers from $65.00 to $75.00 and gave the stock a “sector perform” rating in a research report on Monday, August 26th. Finally, Evercore ISI lowered Regency Centers from an “outperform” rating to an “inline” rating and lifted their target price for the company from $72.00 to $75.00 in a research report on Monday, September 16th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.20.

Insider Buying and Selling

In other Regency Centers news, VP Michael R. Herman sold 1,000 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $69.57, for a total transaction of $69,570.00. Following the sale, the vice president now directly owns 13,010 shares of the company’s stock, valued at approximately $905,105.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 25,000 shares of Regency Centers stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $70.00, for a total value of $1,750,000.00. Following the completion of the transaction, the chairman now owns 307,199 shares of the company’s stock, valued at approximately $21,503,930. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Michael R. Herman sold 1,000 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $69.57, for a total transaction of $69,570.00. Following the sale, the vice president now directly owns 13,010 shares in the company, valued at approximately $905,105.70. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Regency Centers Company 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.