5,601 Shares in Regency Centers Corporation $REG Purchased by Qtron Investments LLC

Key Points

• Qtron Investments LLC has acquired 5,601 shares of Regency Centers Corporation, valued at approximately $413,000, indicating growing institutional interest in the company.
• Regency Centers has an average rating of "Moderate Buy" among analysts, with a consensus target price of $78.33, despite some recent price target cuts from other firms.
• The company declared a quarterly dividend of $0.705 per share, representing an annual yield of 4.0%, though it has a high payout ratio of 131.78%.

Qtron Investments LLC purchased a new position in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 5,601 shares of the company's stock, valued at approximately $413,000.

Several other hedge funds also recently modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in shares of Regency Centers by 3.9% in the 1st quarter. JPMorgan Chase & Co. now owns 11,574,170 shares of the company's stock valued at $853,711,000 after acquiring an additional 432,399 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Regency Centers by 1.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,440,384 shares of the company's stock valued at $771,859,000 after acquiring an additional 171,047 shares in the last quarter. Invesco Ltd. increased its stake in shares of Regency Centers by 9.8% in the 1st quarter. Invesco Ltd. now owns 5,899,497 shares of the company's stock valued at $435,147,000 after acquiring an additional 525,047 shares in the last quarter. Northern Trust Corp increased its stake in shares of Regency Centers by 3.1% in the 1st quarter. Northern Trust Corp now owns 2,868,692 shares of the company's stock valued at $211,595,000 after acquiring an additional 87,078 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Regency Centers by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,692,029 shares of the company's stock valued at $199,019,000 after acquiring an additional 20,497 shares in the last quarter. Institutional investors own 96.07% of the company's stock.

Regency Centers Stock Up 1.6%

REG traded up $1.13 during mid-day trading on Friday, reaching $72.35. 1,314,932 shares of the stock were exchanged, compared to its average volume of 1,257,938. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market capitalization of $13.14 billion, a PE ratio of 33.81, a price-to-earnings-growth ratio of 3.08 and a beta of 1.05. The company has a 50 day moving average price of $70.96 and a two-hundred day moving average price of $71.83. Regency Centers Corporation has a 1 year low of $63.44 and a 1 year high of $78.18.

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

Regency Centers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be issued a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Thursday, September 11th. Regency Centers's payout ratio is 131.78%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on REG. Robert W. Baird lifted their price objective on shares of Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Evercore ISI boosted their price target on shares of Regency Centers from $79.00 to $80.00 and gave the company an "in-line" rating in a research note on Wednesday, July 30th. Wall Street Zen lowered shares of Regency Centers from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. Barclays assumed coverage on shares of Regency Centers in a research note on Wednesday, July 2nd. They set an "equal weight" rating and a $77.00 price target for the company. Finally, Mizuho boosted their price target on shares of Regency Centers from $74.00 to $77.00 and gave the company an "outperform" rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $78.58.

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.