Capital Fund Management S.A. Increases Stock Position in Regency Centers Corporation $REG

Key Points

• Capital Fund Management S.A. significantly increased its holdings in Regency Centers Corporation by 147% during the first quarter, acquiring an additional 52,908 shares for a total of 88,889 shares valued at approximately $6.56 million.
• Regency Centers reported quarterly earnings of $1.16 per share, exceeding analysts' expectations and showing a revenue increase of 6.6% year-over-year.
• The company declared a quarterly dividend of $0.705, resulting in an annualized dividend of $2.82, reflecting a dividend yield of 3.9%.

Capital Fund Management S.A. raised its position in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 147.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 88,889 shares of the company's stock after buying an additional 52,908 shares during the period. Capital Fund Management S.A.'s holdings in Regency Centers were worth $6,556,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wayfinding Financial LLC purchased a new stake in Regency Centers during the 1st quarter valued at $25,000. Heck Capital Advisors LLC purchased a new stake in Regency Centers during the 4th quarter valued at $26,000. TD Waterhouse Canada Inc. boosted its position in Regency Centers by 48,700.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock valued at $36,000 after buying an additional 487 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in Regency Centers by 42.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company's stock valued at $37,000 after buying an additional 150 shares during the period. Finally, Sentry Investment Management LLC purchased a new stake in Regency Centers during the 1st quarter valued at $38,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

Regency Centers Stock Up 1.6%

Shares of Regency Centers stock opened at $72.35 on Friday. 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 50-day moving average of $70.96 and a 200 day moving average of $71.83. The firm has a market cap of $13.14 billion, a price-to-earnings ratio of 33.81, a PEG ratio of 3.08 and a beta of 1.05. Regency Centers Corporation has a 1 year low of $63.44 and a 1 year high of $78.18.

Regency Centers (NASDAQ:REG - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.04. The company had revenue of $369.85 million during 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%. Regency Centers's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the business earned $1.06 EPS. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. As a group, sell-side analysts anticipate that Regency Centers Corporation will post 4.54 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

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

Wall Street Analysts Forecast Growth

REG has been the subject of several research analyst reports. Truist Financial raised their target price on shares of Regency Centers from $79.00 to $81.00 and gave the stock a "buy" rating in a research report on Friday, August 15th. Evercore ISI raised their target price on shares of Regency Centers from $79.00 to $80.00 and gave the stock an "in-line" rating in a research report on Wednesday, July 30th. Barclays initiated coverage on shares of Regency Centers in a research report on Wednesday, July 2nd. They issued an "equal weight" rating and a $77.00 target price for the company. Wall Street Zen cut shares of Regency Centers from a "hold" rating to a "sell" rating in a research report on Saturday, July 5th. Finally, Scotiabank dropped their target price on shares of Regency Centers from $76.00 to $75.00 and set a "sector perform" rating for the company in a research report on Monday, May 12th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $78.58.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.