Regency Centers Corporation $REG Shares Purchased by Adelante Capital Management LLC

Key Points

• Adelante Capital Management LLC increased its stake in Regency Centers Corporation by 5.6%, acquiring an additional 18,444 shares and owning a total of 348,468 shares as of the latest SEC filing.
• Regency Centers' quarterly earnings surpassed analysts' expectations, reporting $1.16 EPS versus the consensus estimate of $1.12, alongside a revenue of $369.85 million.
• The company announced a quarterly dividend of $0.705, set to be paid on October 2nd, resulting in an annualized dividend yield of 3.8%.

Adelante Capital Management LLC increased its holdings in Regency Centers Corporation (NASDAQ:REG - Free Report) by 5.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 348,468 shares of the company's stock after acquiring an additional 18,444 shares during the quarter. Regency Centers makes up about 1.8% of Adelante Capital Management LLC's investment portfolio, making the stock its 21st largest position. Adelante Capital Management LLC owned approximately 0.19% of Regency Centers worth $25,703,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its position 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 worth $853,711,000 after purchasing an additional 432,399 shares during the period. Invesco Ltd. lifted its holdings in Regency Centers by 9.8% during the first quarter. Invesco Ltd. now owns 5,899,497 shares of the company's stock worth $435,147,000 after buying an additional 525,047 shares during the period. Northern Trust Corp boosted its position in Regency Centers by 3.1% during 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. Cbre Investment Management Listed Real Assets LLC increased its holdings 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 acquiring an additional 979,126 shares during the period. Finally, Nuveen LLC bought a new position in shares of Regency Centers in the 1st quarter worth $182,926,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

Regency Centers Stock Performance

REG stock traded down $0.69 during trading on Tuesday, reaching $72.39. The company had a trading volume of 899,042 shares, compared to its average volume of 1,075,139. The company has a market cap of $13.14 billion, a price-to-earnings ratio of 33.83, a price-to-earnings-growth 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 company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.13. The firm 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 (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.04. The business had revenue of $369.85 million for the quarter, compared to analyst estimates of $366.35 million. Regency Centers had a net margin of 27.00% and a return on equity of 6.05%. Regency Centers's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.06 EPS. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. As a group, sell-side analysts expect that Regency Centers Corporation will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on REG. Robert W. Baird raised their price objective on Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Wall Street Zen cut shares of Regency Centers from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. LADENBURG THALM/SH SH assumed coverage on shares of Regency Centers in a research report on Tuesday. They issued a "neutral" rating and a $76.00 price objective on the stock. Scotiabank increased their target price on shares of Regency Centers from $75.00 to $76.00 and gave the company a "sector perform" rating in a research report on Thursday, August 28th. Finally, Barclays raised their target price on shares of Regency Centers from $77.00 to $79.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average 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.