Aberdeen Group plc Acquires 22,038 Shares of Regency Centers Corporation $REG

Key Points

• Aberdeen Group plc increased its stake in Regency Centers Corporation by 3.9%, acquiring an additional 22,038 shares, bringing its total ownership to approximately 583,657 shares valued at $40.9 million.
• Regency Centers reported a quarterly earnings per share of $1.16, beating estimates, with revenue of $369.85 million, reflecting a 6.6% increase compared to last year.
• The company declared a quarterly dividend of $0.705 per share, with a yield of 4.0%, although its dividend payout ratio stands at 131.78%.

Aberdeen Group plc raised its holdings in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 3.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 583,657 shares of the company's stock after acquiring an additional 22,038 shares during the period. Aberdeen Group plc owned about 0.32% of Regency Centers worth $40,900,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wayfinding Financial LLC bought a new position in Regency Centers during the first quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of 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. GKV Capital Management Co. Inc. purchased a new stake in shares of Regency Centers during the first quarter valued at approximately $40,000. National Pension Service boosted its stake in shares of Regency Centers by 75.2% during the first quarter. National Pension Service now owns 643 shares of the company's stock valued at $47,000 after purchasing an additional 276 shares during the period. Finally, Quarry LP boosted its stake in shares of Regency Centers by 206.2% during the first quarter. Quarry LP now owns 695 shares of the company's stock valued at $51,000 after purchasing an additional 468 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Regency Centers Stock Performance

NASDAQ:REG opened at $70.37 on Monday. The stock has a market cap of $12.78 billion, a P/E ratio of 32.88, a price-to-earnings-growth ratio of 3.04 and a beta of 1.09. The firm's fifty day simple moving average is $71.79 and its 200 day simple moving average is $71.36. Regency Centers Corporation has a twelve month low of $63.44 and a twelve month high of $78.18. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.72.

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, beating the consensus estimate of $1.12 by $0.04. The business had revenue of $369.85 million for the quarter, compared to analysts' expectations of $366.35 million. Regency Centers had a net margin of 27.00% and a return on equity of 6.05%. The firm's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.06 earnings per share. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. As a group, research analysts predict that Regency Centers Corporation will post 4.54 EPS for the current year.

Regency Centers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were given a dividend of $0.705 per share. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $2.82 annualized dividend and a yield of 4.0%. Regency Centers's dividend payout ratio (DPR) is currently 131.78%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on REG. Wells Fargo & Company increased their price objective on Regency Centers from $79.00 to $81.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. LADENBURG THALM/SH SH began coverage on Regency Centers in a research note on Tuesday, September 9th. They set a "neutral" rating and a $76.00 price objective for the company. Wall Street Zen raised Regency Centers from a "sell" rating to a "hold" rating in a research note on Saturday, October 4th. Evercore ISI increased their price objective on Regency Centers from $76.00 to $77.00 and gave the company an "in-line" rating in a research note on Monday, September 15th. Finally, Mizuho increased their price objective on Regency Centers from $74.00 to $77.00 and gave the company an "outperform" rating in a research note on Wednesday, August 20th. 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's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $79.09.

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.

Want to see what other hedge funds are holding REG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Regency Centers Corporation (NASDAQ:REG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.