Allianz Asset Management GmbH Sells 14,468 Shares of Regency Centers Corporation $REG

Allianz Asset Management GmbH decreased its stake in Regency Centers Corporation (NASDAQ:REG - Free Report) by 7.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,142 shares of the company's stock after selling 14,468 shares during the period. Allianz Asset Management GmbH owned 0.10% of Regency Centers worth $12,618,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of REG. Nuveen LLC bought a new position in shares of Regency Centers in the 1st quarter valued at about $182,926,000. Wellington Management Group LLP lifted its stake in Regency Centers by 2,846.0% in the 1st quarter. Wellington Management Group LLP now owns 1,256,228 shares of the company's stock valued at $92,659,000 after purchasing an additional 1,213,586 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC lifted its stake in 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 purchasing an additional 979,126 shares during the last quarter. Invesco Ltd. lifted its stake 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. Finally, Jefferies Financial Group Inc. acquired a new stake in Regency Centers in the 1st quarter valued at about $32,136,000. Institutional investors own 96.07% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on REG shares. Weiss Ratings reiterated a "buy (b-)" rating on shares of Regency Centers in a research note on Wednesday, October 8th. Scotiabank raised 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 note on Thursday, August 28th. Barclays raised their price objective on shares of Regency Centers from $79.00 to $83.00 and gave the stock an "equal weight" rating in a research report on Monday, October 6th. Truist Financial raised their price objective on shares of Regency Centers from $79.00 to $81.00 and gave the stock a "buy" rating in a research report on Friday, August 15th. Finally, Mizuho raised their price objective on shares of Regency Centers from $74.00 to $77.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $79.09.

Regency Centers Stock Down 0.0%

NASDAQ REG opened at $72.21 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. Regency Centers Corporation has a 1-year low of $63.44 and a 1-year high of $78.18. The company has a 50 day moving average of $71.72 and a 200-day moving average of $71.34. The company has a market cap of $13.11 billion, a price-to-earnings ratio of 33.74, a PEG ratio of 2.99 and a beta of 1.09.

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 analysts' consensus estimates of $1.12 by $0.04. The company had revenue of $369.85 million during 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 firm'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 earnings per share. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. On average, equities research analysts expect that Regency Centers Corporation will post 4.54 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

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

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.

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