Amundi Has $57.64 Million Stake in Regency Centers Corporation $REG

Key Points

• Amundi increased its stake in Regency Centers Corporation by 78.5%, acquiring an additional 351,709 shares and resulting in a total ownership of 799,546 shares worth approximately $57.64 million.
• Multiple analysts have adjusted their price targets for Regency Centers, with Barclays raising it to $79.00 while Wells Fargo increased theirs to $81.00, reflecting a generally positive outlook on the stock.
• Regency Centers announced a quarterly dividend of $0.705 per share, with an annualized dividend yield of 3.8%, despite having a high dividend payout ratio of 131.78%.

Amundi boosted its stake in Regency Centers Corporation (NASDAQ:REG - Free Report) by 78.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 799,546 shares of the company's stock after purchasing an additional 351,709 shares during the quarter. Amundi owned about 0.44% of Regency Centers worth $57,639,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Aprio Wealth Management LLC lifted its holdings in shares of Regency Centers by 25.4% during the 1st quarter. Aprio Wealth Management LLC now owns 3,804 shares of the company's stock worth $281,000 after acquiring an additional 771 shares during the period. FJ Capital Management LLC acquired a new position in Regency Centers during the first quarter valued at approximately $717,000. Quarry LP lifted its stake in Regency Centers by 206.2% during the first quarter. Quarry LP now owns 695 shares of the company's stock worth $51,000 after purchasing an additional 468 shares during the last quarter. Nomura Holdings Inc. boosted its holdings in shares of Regency Centers by 67.0% in the 1st quarter. Nomura Holdings Inc. now owns 40,661 shares of the company's stock valued at $2,999,000 after purchasing an additional 16,313 shares in the last quarter. Finally, Evergreen Capital Management LLC boosted its holdings in shares of Regency Centers by 18.3% in the 1st quarter. Evergreen Capital Management LLC now owns 6,327 shares of the company's stock valued at $467,000 after purchasing an additional 980 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Regency Centers Trading Down 0.9%

NASDAQ REG traded down $0.69 during trading hours on Tuesday, reaching $72.39. The company's stock had a trading volume of 899,042 shares, compared to its average volume of 1,075,139. Regency Centers Corporation has a 52 week low of $63.44 and a 52 week high of $78.18. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market cap of $13.14 billion, a P/E ratio of 33.83, a P/E/G ratio of 3.16 and a beta of 1.09. The firm has a fifty 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 released its quarterly earnings results on Tuesday, July 29th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.04. Regency Centers had a net margin of 27.00% and a return on equity of 6.05%. The firm had revenue of $369.85 million during the quarter, compared to the consensus estimate of $366.35 million. During the same quarter last year, the firm earned $1.06 earnings per share. The company's revenue for the quarter was up 6.6% on a year-over-year basis. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. Equities analysts forecast that Regency Centers Corporation will post 4.54 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on REG shares. Robert W. Baird boosted their price target on Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Evercore ISI boosted their target price on Regency Centers from $79.00 to $80.00 and gave the stock an "in-line" rating in a research note on Wednesday, July 30th. Truist Financial raised their price target 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. Wells Fargo & Company lifted their price target on shares of Regency Centers from $79.00 to $81.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. Finally, Mizuho upped 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 research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, Regency Centers presently has an average 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.