Ascent Group LLC Buys Shares of 3,505 Regency Centers Corporation $REG

Key Points

• Ascent Group LLC recently acquired a stake in Regency Centers Corporation by purchasing 3,505 shares valued at approximately $259,000.
• Regency Centers reported an earnings per share (EPS) of $1.16 for the last quarter, exceeding expectations and showing a year-over-year revenue growth of 6.6%.
• The company announced a quarterly dividend of $0.705 per share, representing an annualized dividend yield of 3.9%.

Ascent Group LLC bought a new stake in Regency Centers Corporation (NASDAQ:REG - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,505 shares of the company's stock, valued at approximately $259,000.

Several other hedge funds have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd grew its position in shares of Regency Centers by 42.3% in 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 in the last quarter. State of Wyoming grew its position in shares of Regency Centers by 11.3% in the fourth quarter. State of Wyoming now owns 1,543 shares of the company's stock valued at $114,000 after purchasing an additional 157 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in shares of Regency Centers by 1.7% in the first quarter. Crossmark Global Holdings Inc. now owns 9,627 shares of the company's stock valued at $710,000 after purchasing an additional 160 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its position in shares of Regency Centers by 4.1% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,260 shares of the company's stock valued at $314,000 after purchasing an additional 169 shares in the last quarter. Finally, Proficio Capital Partners LLC grew its position in shares of Regency Centers by 4.6% in the first quarter. Proficio Capital Partners LLC now owns 3,847 shares of the company's stock valued at $284,000 after purchasing an additional 170 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

Regency Centers Price Performance

Regency Centers stock opened at $72.24 on Friday. Regency Centers Corporation has a 52 week low of $63.44 and a 52 week high of $78.18. The business has a 50-day simple moving average of $71.42 and a 200 day simple moving average of $71.73. 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 stock has a market cap of $13.12 billion, a price-to-earnings ratio of 33.76, a PEG ratio of 3.12 and a beta of 1.09.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.12 by $0.04. Regency Centers had a return on equity of 6.05% and a net margin of 27.00%.The business had revenue of $369.85 million during the quarter, compared to analysts' expectations of $366.35 million. During the same period in the previous year, the business earned $1.06 earnings per share. The firm's revenue was up 6.6% on a year-over-year basis. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. On average, research analysts forecast that Regency Centers Corporation will post 4.54 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be issued a $0.705 dividend. 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 is presently 131.78%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on REG shares. Mizuho lifted their price target on Regency Centers from $74.00 to $77.00 and gave the company an "outperform" rating in a research report on Wednesday, August 20th. LADENBURG THALM/SH SH started coverage on Regency Centers in a research report on Tuesday. They issued a "neutral" rating and a $76.00 price target for the company. Truist Financial lifted their price target on Regency Centers from $79.00 to $81.00 and gave the company a "buy" rating in a research report on Friday, August 15th. Wells Fargo & Company lifted their price target on Regency Centers from $79.00 to $81.00 and gave the company an "overweight" rating in a research report on Wednesday, August 27th. Finally, Wall Street Zen cut Regency Centers from a "hold" rating to a "sell" rating in a research report on Saturday, July 5th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Regency Centers has an average rating of "Moderate Buy" and a consensus target price of $78.67.

About Regency Centers

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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