BROOKFIELD Corp ON Decreases Stock Holdings in Regency Centers Corporation $REG

Key Points

• BROOKFIELD Corp ON reduced its stake in Regency Centers Corporation by 43.2% during the first quarter, now holding approximately 185,620 shares worth about $13.69 million.
• Regency Centers reported $1.16 EPS last quarter, exceeding estimates of $1.12, with a net margin of 27.00% and a 6.05% return on equity.
• The company announced a quarterly dividend of $0.705 per share, yielding 3.9%, with a significant dividend payout ratio of 131.78%.

BROOKFIELD Corp ON reduced its position in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 43.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 185,620 shares of the company's stock after selling 141,040 shares during the period. BROOKFIELD Corp ON owned about 0.10% of Regency Centers worth $13,691,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted its position in shares of Regency Centers by 42.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company's stock worth $37,000 after purchasing an additional 150 shares during the last quarter. State of Wyoming lifted its position in shares of Regency Centers by 11.3% during the 4th quarter. State of Wyoming now owns 1,543 shares of the company's stock worth $114,000 after purchasing an additional 157 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of Regency Centers by 1.7% during the 1st quarter. Crossmark Global Holdings Inc. now owns 9,627 shares of the company's stock worth $710,000 after purchasing an additional 160 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its position in shares of Regency Centers by 4.1% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,260 shares of the company's stock worth $314,000 after purchasing an additional 169 shares during the last quarter. Finally, Proficio Capital Partners LLC lifted its position in shares of Regency Centers by 4.6% during the 1st quarter. Proficio Capital Partners LLC now owns 3,847 shares of the company's stock worth $284,000 after purchasing an additional 170 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Regency Centers Stock Up 0.2%

REG stock opened at $72.24 on Friday. Regency Centers Corporation has a 12 month low of $63.44 and a 12 month 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 company has a market cap of $13.12 billion, a price-to-earnings ratio of 33.76, a price-to-earnings-growth ratio of 3.12 and a beta of 1.09. The company has a fifty day moving average price of $71.42 and a 200 day moving average price of $71.73.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $1.16 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 analysts' expectations of $366.35 million. During the same period in the prior year, the company earned $1.06 earnings per share. The business's revenue 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. Sell-side analysts expect that Regency Centers Corporation will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

The firm also recently announced 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 of this dividend is Thursday, September 11th. Regency Centers's dividend payout ratio is presently 131.78%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on REG shares. Scotiabank lifted their price objective on shares of Regency Centers from $75.00 to $76.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 28th. 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 research report on Wednesday, August 20th. Barclays increased their target price on shares of Regency Centers from $77.00 to $79.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 27th. Truist Financial increased their target price on shares of Regency Centers from $79.00 to $81.00 and gave the company a "buy" rating in a research report on Friday, August 15th. Finally, Evercore ISI increased their target price on shares of Regency Centers from $79.00 to $80.00 and gave the company an "in-line" rating in a research report on Wednesday, July 30th. One equities research 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 stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $78.67.

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.

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