66,654 Shares in Regency Centers Corporation $REG Acquired by Generate Investment Management Ltd

Key Points

• Generate Investment Management Ltd acquired 66,654 shares of Regency Centers Corporation, valued at approximately $4.75 million, as reported in the latest 13F filing.
• Regency Centers recently announced a quarterly dividend of $0.705 per share, representing an annualized dividend yield of 3.9% and a payout ratio of 131.78%.
• The company reported earnings of $1.16 per share, surpassing analyst expectations, alongside a revenue increase of 6.6% year-over-year.

Generate Investment Management Ltd bought a new stake in Regency Centers Corporation (NASDAQ:REG - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 66,654 shares of the company's stock, valued at approximately $4,748,000.

Several other institutional investors have also modified their holdings of REG. JPMorgan Chase & Co. grew its holdings in shares of Regency Centers by 3.9% in the first quarter. JPMorgan Chase & Co. now owns 11,574,170 shares of the company's stock valued at $853,711,000 after purchasing an additional 432,399 shares during the period. Invesco Ltd. boosted its holdings in 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 purchasing an additional 525,047 shares during the last quarter. Northern Trust Corp grew 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 buying an additional 87,078 shares during the period. Cbre Investment Management Listed Real Assets LLC grew its stake in shares of Regency Centers by 63.5% in the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,521,633 shares of the company's stock valued at $185,996,000 after buying an additional 979,126 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of Regency Centers during the 1st quarter worth approximately $182,926,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

Regency Centers Trading Up 0.6%

REG opened at $71.52 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.13. Regency Centers Corporation has a one year low of $63.44 and a one year high of $78.18. The company has a market cap of $12.98 billion, a P/E ratio of 33.42, a PEG ratio of 3.09 and a beta of 1.09. The business's 50-day simple moving average is $71.69 and its 200-day simple moving average is $71.39.

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

Regency Centers Dividend Announcement

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 paid a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a yield of 3.9%. The ex-dividend date is Thursday, September 11th. Regency Centers's dividend payout ratio (DPR) is currently 131.78%.

Analyst Upgrades and Downgrades

REG has been the topic of a number of recent analyst reports. Wall Street Zen cut Regency Centers from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. Truist Financial lifted their target price on Regency Centers from $79.00 to $81.00 and gave the company a "buy" rating in a research report on Friday, August 15th. Evercore ISI increased their price target on Regency Centers from $76.00 to $77.00 and gave the stock an "in-line" rating in a report on Monday, September 15th. Robert W. Baird raised their price objective on Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Finally, Mizuho boosted their price objective on shares of Regency Centers from $74.00 to $77.00 and gave the company an "outperform" rating in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, Regency Centers has an average rating of "Moderate Buy" and a consensus price target of $78.73.

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.

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