Asset Management One Co. Ltd. Sells 5,929 Shares of Regency Centers Corporation $REG

Key Points

• Asset Management One Co. Ltd. reduced its stake in Regency Centers Corporation by 1.6% in Q2, selling 5,929 shares to hold a total of 372,117 shares worth approximately $26.5 million.
• Regency Centers reported $1.16 EPS for the last quarter, exceeding analysts' estimates, and had a revenue increase of 6.6% year-over-year.
• The company paid a quarterly dividend of $0.705 per share, translating to an annualized yield of 3.9%, despite a high dividend payout ratio of 131.78%.

Asset Management One Co. Ltd. lowered its stake in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 1.6% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 372,117 shares of the company's stock after selling 5,929 shares during the period. Asset Management One Co. Ltd. owned approximately 0.20% of Regency Centers worth $26,506,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Envestnet Asset Management Inc. lifted its stake in shares of Regency Centers by 3.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 120,960 shares of the company's stock worth $8,922,000 after purchasing an additional 3,773 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Regency Centers by 14.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,322 shares of the company's stock worth $2,210,000 after purchasing an additional 3,857 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of Regency Centers by 7.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 4,296 shares of the company's stock worth $317,000 after purchasing an additional 283 shares during the period. Teacher Retirement System of Texas lifted its stake in shares of Regency Centers by 46.2% in the 1st quarter. Teacher Retirement System of Texas now owns 29,633 shares of the company's stock worth $2,186,000 after purchasing an additional 9,359 shares during the period. Finally, Strs Ohio bought a new position in shares of Regency Centers in the 1st quarter worth approximately $5,503,000. Institutional investors own 96.07% of the company's stock.

Regency Centers Trading Up 0.2%

Regency Centers stock opened at $72.64 on Friday. 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 12-month low of $63.44 and a 12-month high of $78.18. The firm has a 50 day moving average of $71.80 and a 200 day moving average of $71.43. The firm has a market capitalization of $13.19 billion, a price-to-earnings ratio of 33.94, a P/E/G ratio of 3.00 and a beta of 1.09.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.04. Regency Centers had a net margin of 27.00% and a return on equity of 6.05%. The business had revenue of $369.85 million during the quarter, compared to analyst estimates of $366.35 million. During the same period last year, the firm posted $1.06 EPS. The company'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. As a group, research analysts predict that Regency Centers Corporation will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were issued a dividend of $0.705 per share. 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%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on REG. Truist Financial increased their price objective on shares of Regency Centers from $79.00 to $81.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Regency Centers in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Regency Centers from a "sell" rating to a "hold" rating in a report on Saturday, October 4th. Robert W. Baird increased their target price on shares of Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Finally, Wells Fargo & Company increased their target price on shares of Regency Centers from $81.00 to $82.00 and gave the stock an "overweight" rating in a report on Tuesday. Seven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $79.10.

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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