Regency Centers Corporation $REG Stock Holdings Lessened by Adage Capital Partners GP L.L.C.

Key Points

• Adage Capital Partners GP L.L.C. has reduced its stake in Regency Centers Corporation by 39.8%, selling 98,600 shares, leaving them with 149,000 shares valued at approximately $10.99 million.
• Regency Centers reported a quarterly EPS of $1.16, exceeding estimates, and their revenue increased by 6.6% year-over-year.
• The company recently announced a dividend of $0.705 per share, reflecting an annualized yield of 3.8%, despite a high payout ratio of 131.78%.

Adage Capital Partners GP L.L.C. decreased its holdings in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 39.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 149,000 shares of the company's stock after selling 98,600 shares during the period. Adage Capital Partners GP L.L.C. owned approximately 0.08% of Regency Centers worth $10,990,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Stifel Financial Corp boosted its position in shares of Regency Centers by 8.8% in the 4th quarter. Stifel Financial Corp now owns 8,943 shares of the company's stock worth $661,000 after buying an additional 723 shares in the last quarter. AQR Capital Management LLC raised its position in Regency Centers by 48.2% during the fourth quarter. AQR Capital Management LLC now owns 55,774 shares of the company's stock worth $4,117,000 after acquiring an additional 18,133 shares during the last quarter. Ameriprise Financial Inc. raised its position in Regency Centers by 8.6% during the fourth quarter. Ameriprise Financial Inc. now owns 59,776 shares of the company's stock worth $4,431,000 after acquiring an additional 4,734 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Regency Centers by 41.5% in the fourth quarter. Bank of America Corp DE now owns 566,846 shares of the company's stock valued at $41,907,000 after purchasing an additional 166,115 shares in the last quarter. Finally, Captrust Financial Advisors grew its position in shares of Regency Centers by 42.5% in the fourth quarter. Captrust Financial Advisors now owns 5,469 shares of the company's stock valued at $404,000 after purchasing an additional 1,631 shares during the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Regency Centers Stock Down 0.9%

Shares of Regency Centers stock traded down $0.69 during trading hours on Tuesday, hitting $72.39. 899,042 shares of the company's stock traded hands, compared to its average volume of 1,075,139. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.72. The company has a market cap of $13.14 billion, a PE ratio of 33.83, a PEG ratio of 3.16 and a beta of 1.09. Regency Centers Corporation has a twelve month low of $63.44 and a twelve month high of $78.18. The stock has a 50 day simple moving average of $71.37 and a 200-day simple moving average of $71.75.

Regency Centers (NASDAQ:REG - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.16 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.04. The business had revenue of $369.85 million during the quarter, compared to the consensus estimate of $366.35 million. Regency Centers had a return on equity of 6.05% and a net margin of 27.00%.The business's quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.06 EPS. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. Equities research 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 announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be paid a dividend of $0.705 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $2.82 annualized dividend and a yield of 3.9%. Regency Centers's payout ratio is presently 131.78%.

Analyst Ratings Changes

Several brokerages recently issued reports on REG. Wells Fargo & Company lifted their price objective on Regency Centers from $79.00 to $81.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. Mizuho boosted their price target on Regency Centers from $74.00 to $77.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. Robert W. Baird lifted their target price on shares of Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. LADENBURG THALM/SH SH assumed coverage on shares of Regency Centers in a research report on Tuesday. They set a "neutral" rating and a $76.00 price target for the company. Finally, Truist Financial boosted their price objective on shares of Regency Centers from $79.00 to $81.00 and gave the company a "buy" rating in a research note on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $78.77.

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.