Regency Centers Corporation $REG Shares Purchased by Campbell & CO Investment Adviser LLC

Key Points

• Campbell & CO Investment Adviser LLC increased its holdings in Regency Centers Corporation by 72.0%, owning 30,404 shares worth approximately $2.24 million at the end of the last quarter.
• Regency Centers recently declared a quarterly dividend of $0.705 per share, translating to an annualized dividend yield of 3.9% and a payout ratio of 131.78%.
• Analysts have differing views on Regency Centers, with target prices ranging from $75.00 to $81.00, resulting in a consensus rating of "Moderate Buy" and an average target price of $78.58.

Campbell & CO Investment Adviser LLC grew its stake in Regency Centers Corporation (NASDAQ:REG - Free Report) by 72.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,404 shares of the company's stock after acquiring an additional 12,725 shares during the period. Campbell & CO Investment Adviser LLC's holdings in Regency Centers were worth $2,243,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its position 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 position 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 position 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 position 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, Farther Finance Advisors LLC lifted its position in shares of Regency Centers by 43.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,435 shares of the company's stock worth $106,000 after purchasing an additional 432 shares during the period. Hedge funds and other institutional investors own 96.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Wall Street Zen cut shares of Regency Centers from a "hold" rating to a "sell" rating in a research report on Saturday, July 5th. Scotiabank upped their price target 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. Barclays upped 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. 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. 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 analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $79.00.

Regency Centers Stock Performance

Regency Centers stock traded up $0.29 during mid-day trading on Friday, reaching $72.50. 1,029,758 shares of the company traded hands, compared to its average volume of 1,205,755. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.13 and a quick ratio of 1.13. Regency Centers Corporation has a fifty-two week low of $63.44 and a fifty-two week high of $78.18. The company has a market capitalization of $13.16 billion, a price-to-earnings ratio of 33.88, a price-to-earnings-growth ratio of 3.13 and a beta of 1.05. The firm's fifty day moving average is $71.12 and its two-hundred day moving average is $71.77.

Regency Centers (NASDAQ:REG - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $369.85 million for the quarter, compared to analyst estimates of $366.35 million. Regency Centers had a net margin of 27.00% and a return on equity of 6.05%. The business's quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.06 earnings per share. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. On average, equities research analysts expect that Regency Centers Corporation will post 4.54 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be paid a $0.705 dividend. The ex-dividend date is Thursday, September 11th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.9%. Regency Centers's dividend payout ratio is presently 131.78%.

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.