Wealthcare Capital Partners LLC Takes $408,000 Position in Regency Centers Co. (NASDAQ:REG)

Wealthcare Capital Partners LLC acquired a new position in shares of Regency Centers Co. (NASDAQ:REG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,523 shares of the company's stock, valued at approximately $408,000.

A number of other hedge funds also recently made changes to their positions in REG. Heck Capital Advisors LLC bought a new stake in Regency Centers in the fourth quarter worth $26,000. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Regency Centers by 300.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 800 shares of the company's stock worth $58,000 after purchasing an additional 600 shares during the last quarter. Quest Partners LLC lifted its stake in Regency Centers by 84.8% in the third quarter. Quest Partners LLC now owns 937 shares of the company's stock worth $68,000 after purchasing an additional 430 shares during the last quarter. Brooklyn Investment Group bought a new stake in Regency Centers in the third quarter worth $96,000. Finally, Quarry LP lifted its stake in Regency Centers by 2,811.4% in the third quarter. Quarry LP now owns 2,300 shares of the company's stock worth $166,000 after purchasing an additional 2,221 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

Regency Centers Stock Down 3.1 %

REG traded down $2.31 during midday trading on Friday, reaching $72.69. The company's stock had a trading volume of 565,133 shares, compared to its average volume of 921,880. The firm has a market capitalization of $13.19 billion, a price-to-earnings ratio of 34.39, a PEG ratio of 3.77 and a beta of 1.21. 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's 50-day moving average is $72.82 and its 200-day moving average is $72.37.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.61. Regency Centers had a net margin of 27.54% and a return on equity of 5.89%. As a group, research 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 issued a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date of this dividend is Wednesday, March 12th. Regency Centers's dividend payout ratio (DPR) is presently 133.02%.

Wall Street Analyst Weigh In

Several research firms have weighed in on REG. JPMorgan Chase & Co. boosted their price target on shares of Regency Centers from $77.00 to $80.00 and gave the stock an "overweight" rating in a research note on Monday, November 4th. Wells Fargo & Company lowered their price objective on shares of Regency Centers from $81.00 to $80.00 and set an "overweight" rating for the company in a research note on Wednesday, January 29th. KeyCorp started coverage on shares of Regency Centers in a research note on Friday, October 25th. They set an "overweight" rating and a $80.00 price objective for the company. Evercore ISI lowered their price objective on shares of 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. Finally, BTIG Research upped their price objective on shares of Regency Centers from $72.00 to $79.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Regency Centers presently has a consensus rating of "Moderate Buy" and an average price target of $78.08.

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.