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

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Nuveen LLC bought a new stake in Regency Centers during the 1st quarter valued at $182,926,000. Wellington Management Group LLP increased its position in shares of Regency Centers by 2,846.0% during the first quarter. Wellington Management Group LLP now owns 1,256,228 shares of the company's stock worth $92,659,000 after acquiring an additional 1,213,586 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC raised 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 worth $185,996,000 after acquiring an additional 979,126 shares during the last quarter. Invesco Ltd. boosted its stake in Regency Centers by 9.8% during 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. purchased a new stake in shares of Regency Centers in the first quarter worth approximately $32,136,000. Institutional investors own 96.07% of the company's stock.

Regency Centers Price Performance

Shares of Regency Centers stock traded up $0.43 on Wednesday, hitting $70.81. 110,340 shares of the company traded hands, compared to its average volume of 1,101,301. Regency Centers Corporation has a 12-month low of $63.44 and a 12-month high of $78.18. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. The company has a market cap of $12.86 billion, a P/E ratio of 33.10, a P/E/G ratio of 3.07 and a beta of 1.09. The firm's 50-day simple moving average is $71.47 and its 200 day simple moving average is $71.61.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its quarterly earnings data 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. Regency Centers had a return on equity of 6.05% and a net margin of 27.00%.The company had revenue of $369.85 million for the quarter, compared to analysts' expectations of $366.35 million. During the same period last year, the firm posted $1.06 EPS. Regency Centers's revenue for the quarter was up 6.6% compared to the same quarter last year. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. Analysts expect 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. Investors of record on Thursday, September 11th will be issued 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 dividend yield of 4.0%. Regency Centers's dividend payout ratio (DPR) is currently 131.78%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on REG shares. Wall Street Zen downgraded Regency Centers from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. Mizuho increased their target price on shares of Regency Centers from $74.00 to $77.00 and gave the company an "outperform" rating in a report on Wednesday, August 20th. Truist Financial boosted their price target on shares of Regency Centers from $79.00 to $81.00 and gave the stock a "buy" rating in a report on Friday, August 15th. LADENBURG THALM/SH SH assumed coverage on shares of Regency Centers in a research note on Tuesday, September 9th. They issued a "neutral" rating and a $76.00 price objective for the company. Finally, Evercore ISI lifted their target price on shares of Regency Centers from $76.00 to $77.00 and gave the stock an "in-line" rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $78.42.

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.