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

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Inspire Investing LLC boosted its position in Regency Centers by 21.8% during the first quarter. Inspire Investing LLC now owns 4,298 shares of the company's stock worth $317,000 after acquiring an additional 768 shares during the last quarter. Invst LLC acquired a new position in Regency Centers during the first quarter worth about $749,000. Strs Ohio acquired a new position in Regency Centers during the first quarter worth about $5,503,000. Intrua Financial LLC acquired a new position in Regency Centers during the first quarter worth about $460,000. Finally, Intech Investment Management LLC boosted its position in Regency Centers by 47.6% during the first quarter. Intech Investment Management LLC now owns 20,011 shares of the company's stock worth $1,476,000 after acquiring an additional 6,451 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company boosted their price target on shares of Regency Centers from $79.00 to $81.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. Barclays boosted their price target on shares of Regency Centers from $77.00 to $79.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 27th. Evercore ISI increased their price target on shares of Regency Centers from $76.00 to $77.00 and gave the company an "in-line" rating in a research note on Monday. LADENBURG THALM/SH SH assumed coverage on shares of Regency Centers in a report on Tuesday, September 9th. They set a "neutral" rating and a $76.00 price target for the company. Finally, Mizuho raised their price target on shares of Regency Centers from $74.00 to $77.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. One investment 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 company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $78.42.

Regency Centers Trading Up 0.2%

Shares of Regency Centers stock traded up $0.12 on Wednesday, reaching $70.50. The company had a trading volume of 220,530 shares, compared to its average volume of 1,101,938. The firm's 50 day moving average price is $71.47 and its two-hundred day moving average price is $71.61. The firm has a market cap of $12.80 billion, a PE ratio of 32.94, a PEG ratio of 3.07 and a beta of 1.09. 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 quick ratio of 1.13 and a current ratio of 1.13.

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 analysts' consensus estimates of $1.12 by $0.04. The business had revenue of $369.85 million for the quarter, compared to the consensus estimate of $366.35 million. Regency Centers had a net margin of 27.00% and a return on equity of 6.05%. The business's revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.06 EPS. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. Sell-side analysts predict that Regency Centers Corporation will post 4.54 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

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 paid a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Thursday, September 11th. Regency Centers's dividend payout ratio is presently 131.78%.

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.