Campbell & CO Investment Adviser LLC Raises Position in Regency Centers Corporation $REG

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

Other large investors have also made changes to their positions in the company. Wayfinding Financial LLC purchased a new position in shares of Regency Centers in the 1st quarter worth $25,000. Heck Capital Advisors LLC acquired a new stake in shares of Regency Centers during the fourth quarter valued at about $26,000. TD Waterhouse Canada Inc. grew its stake in shares of Regency Centers by 48,700.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock valued at $36,000 after acquiring an additional 487 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of Regency Centers by 42.3% during the first quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company's stock valued at $37,000 after acquiring an additional 150 shares in the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new stake in shares of Regency Centers during the first quarter valued at about $40,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Truist Financial raised their target price on Regency Centers from $79.00 to $81.00 and gave the company a "buy" rating in a research note on Friday, August 15th. Evercore ISI raised their target price on Regency Centers from $79.00 to $80.00 and gave the company an "in-line" rating in a research note on Wednesday, July 30th. Scotiabank reduced their price target on shares of Regency Centers from $76.00 to $75.00 and set a "sector perform" rating on the stock in a research report on Monday, May 12th. Mizuho lifted their price target on Regency Centers from $74.00 to $77.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 20th. Finally, Wall Street Zen downgraded Regency Centers from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. One investment 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $78.58.

Regency Centers Stock Performance

Shares of NASDAQ REG opened at $72.35 on Monday. 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's 50-day moving average price is $70.96 and its two-hundred day moving average price is $71.82. Regency Centers Corporation has a 52-week low of $63.44 and a 52-week high of $78.18. The stock has a market capitalization of $13.14 billion, a P/E ratio of 33.81, a P/E/G ratio of 3.13 and a beta of 1.05.

Regency Centers (NASDAQ:REG - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $1.16 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $369.85 million for the quarter, compared to analysts' expectations of $366.35 million. During the same quarter last year, the company posted $1.06 earnings per share. Regency Centers'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, sell-side analysts forecast that Regency Centers Corporation will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders 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 dividend yield of 3.9%. The ex-dividend date of this dividend is Thursday, September 11th. Regency Centers's payout ratio is 131.78%.

Regency Centers Company 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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