Regency Centers Corporation $REG Shares Purchased by Caisse DE Depot ET Placement DU Quebec

Key Points

• Caisse DE Depot ET Placement DU Quebec has increased its stake in Regency Centers Corporation by 40.2%, now holding approximately 188,357 shares worth around $13.89 million.
• Regency Centers reported a quarterly EPS of $1.16, exceeding analysts' expectations of $1.12, along with a 6.6% year-over-year revenue growth.
• The company declared a quarterly dividend of $0.705 per share, with a 3.9% dividend yield, set to be paid on October 2nd.

Caisse DE Depot ET Placement DU Quebec lifted its position in Regency Centers Corporation (NASDAQ:REG - Free Report) by 40.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 188,357 shares of the company's stock after purchasing an additional 54,000 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.10% of Regency Centers worth $13,893,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Wayfinding Financial LLC acquired a new stake in shares of Regency Centers in the 1st quarter valued at about $25,000. Heck Capital Advisors LLC acquired a new stake in shares of Regency Centers in the 4th quarter valued at about $26,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Regency Centers by 42.3% in the 1st 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 during the period. GKV Capital Management Co. Inc. acquired a new stake in shares of Regency Centers in the 1st quarter valued at about $40,000. Finally, Sentry Investment Management LLC acquired a new stake in shares of Regency Centers in the 1st quarter valued at about $38,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Truist Financial upped their price objective on Regency Centers from $79.00 to $81.00 and gave the company a "buy" rating in a research note on Friday, August 15th. Wells Fargo & Company upped their price objective on Regency Centers from $79.00 to $81.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. Mizuho upped their price objective on Regency Centers from $74.00 to $77.00 and gave the company an "outperform" rating in a research note on Wednesday, August 20th. Wall Street Zen downgraded Regency Centers from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. Finally, Scotiabank upped their price objective on Regency Centers from $75.00 to $76.00 and gave the company a "sector perform" rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $79.00.

Regency Centers Price Performance

Shares of REG traded up $0.29 on Monday, reaching $72.50. The stock had a trading volume of 1,029,758 shares, compared to its average volume of 1,200,161. The firm has a market capitalization of $13.16 billion, a PE ratio of 33.88, a PEG ratio of 3.13 and a beta of 1.09. 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 firm has a 50-day moving average of $71.12 and a 200 day moving average of $71.74. Regency Centers Corporation has a twelve month low of $63.44 and a twelve month high of $78.18.

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 for the quarter, topping analysts' consensus estimates of $1.12 by $0.04. The business had revenue of $369.85 million for the quarter, compared to analysts' expectations of $366.35 million. Regency Centers had a return on equity of 6.05% and a net margin of 27.00%.The company's revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.06 EPS. 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 EPS for the current year.

Regency Centers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be 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 is Thursday, September 11th. Regency Centers's dividend payout ratio is 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.