24,966 Shares in Regency Centers Corporation $REG Bought by J. Safra Sarasin Holding AG

Key Points

• J. Safra Sarasin Holding AG purchased 24,966 shares of Regency Centers Corporation worth approximately $1,778,000 in the second quarter, reflecting increasing institutional interest in the company.
• Regency Centers reported earnings of $1.16 per share for the last quarter, surpassing expectations, while also disclosing a quarterly dividend of $0.705 per share with a yield of 3.9%.
• Analysts have a consensus rating of "Moderate Buy" for Regency Centers, with estimates suggesting a target price of $78.73 for the stock.

J. Safra Sarasin Holding AG bought a new position in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 24,966 shares of the company's stock, valued at approximately $1,778,000.

Other institutional investors also recently modified their holdings of the company. Wayfinding Financial LLC acquired a new position in Regency Centers during the first quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd grew its holdings in Regency Centers by 42.3% during the first quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company's stock valued at $37,000 after purchasing an additional 150 shares during the period. Sentry Investment Management LLC acquired a new position in Regency Centers during the first quarter valued at approximately $38,000. GKV Capital Management Co. Inc. acquired a new position in shares of Regency Centers in the 1st quarter valued at $40,000. Finally, National Pension Service grew its holdings in shares of Regency Centers by 75.2% in the 1st quarter. National Pension Service now owns 643 shares of the company's stock valued at $47,000 after buying an additional 276 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Regency Centers Stock Down 0.3%

REG stock opened at $71.68 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $13.01 billion, a P/E ratio of 33.50, a P/E/G ratio of 3.10 and a beta of 1.09. The business has a 50-day moving average of $71.80 and a 200-day moving average of $71.41. Regency Centers Corporation has a fifty-two week low of $63.44 and a fifty-two week high of $78.18.

Regency Centers (NASDAQ:REG - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $1.16 earnings per share for the quarter, topping analysts' consensus estimates of $1.12 by $0.04. Regency Centers had a return on equity of 6.05% and a net margin of 27.00%.The firm had revenue of $369.85 million during the quarter, compared to the consensus estimate of $366.35 million. During the same quarter in the prior year, the firm posted $1.06 EPS. The business's revenue was up 6.6% on a year-over-year basis. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. On average, sell-side analysts anticipate that Regency Centers Corporation will post 4.54 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were paid a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Thursday, September 11th. Regency Centers's dividend payout ratio is currently 131.78%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Robert W. Baird boosted their price target on shares of Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Mizuho boosted their target price on Regency Centers from $74.00 to $77.00 and gave the company an "outperform" rating in a research note on Wednesday, August 20th. Scotiabank boosted their price objective on Regency Centers from $75.00 to $76.00 and gave the company a "sector perform" rating in a research report on Thursday, August 28th. LADENBURG THALM/SH SH initiated coverage on Regency Centers in a research report on Tuesday, September 9th. They issued a "neutral" rating and a $76.00 price objective for the company. Finally, Truist Financial boosted their price objective on Regency Centers from $79.00 to $81.00 and gave the company a "buy" rating in a research report on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $78.73.

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.

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