Regency Centers Corporation $REG Shares Acquired by Cbre Investment Management Listed Real Assets LLC

Key Points

• Cbre Investment Management Listed Real Assets LLC increased its stake in Regency Centers Corporation by 63.5%, acquiring an additional 979,126 shares, bringing its total to 2,521,633 shares.
• Regency Centers reported $1.16 earnings per share for the last quarter, exceeding analysts' expectations, with a net margin of 27.00% and revenue growth of 6.6% year-over-year.
• The company recently declared a quarterly dividend of $0.705, resulting in an annualized yield of 3.9%, although its payout ratio stands at 131.78%.

Cbre Investment Management Listed Real Assets LLC raised its position in Regency Centers Corporation (NASDAQ:REG - Free Report) by 63.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,521,633 shares of the company's stock after purchasing an additional 979,126 shares during the quarter. Regency Centers accounts for approximately 2.8% of Cbre Investment Management Listed Real Assets LLC's holdings, making the stock its 8th largest holding. Cbre Investment Management Listed Real Assets LLC owned 1.39% of Regency Centers worth $185,996,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of 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. TD Waterhouse Canada Inc. raised its stake in shares of Regency Centers by 48,700.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock valued at $36,000 after purchasing an additional 487 shares during the period. Caitong International Asset Management Co. Ltd increased its position in shares of Regency Centers by 42.3% in 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 during the last quarter. Finally, Sentry Investment Management LLC acquired a new stake in shares of Regency Centers in the first quarter valued at about $38,000. Institutional investors and hedge funds own 96.07% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Wall Street Zen downgraded Regency Centers from a "hold" rating to a "sell" rating in a research report on Saturday, July 5th. Robert W. Baird lifted their target price on Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Truist Financial lifted their target price on Regency Centers from $79.00 to $81.00 and gave the company a "buy" rating in a research report on Friday, August 15th. Barclays lifted their target price on Regency Centers from $77.00 to $79.00 and gave the company an "equal weight" rating in a research report on Wednesday. Finally, Wells Fargo & Company lifted their target price on Regency Centers from $79.00 to $81.00 and gave the company an "overweight" rating in a research report on Wednesday. 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's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $78.92.

Regency Centers Stock Performance

Shares of NASDAQ:REG traded up $0.40 during trading on Wednesday, reaching $72.47. 1,002,977 shares of the stock were exchanged, compared to its average volume of 1,105,941. Regency Centers Corporation has a 12 month low of $63.44 and a 12 month high of $78.18. The firm has a market cap of $13.16 billion, a PE ratio of 33.86, a PEG ratio of 3.11 and a beta of 1.05. The stock has a 50-day moving average price of $71.03 and a 200-day moving average price of $71.80. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72.

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, beating 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 company had revenue of $369.85 million during the quarter, compared to the consensus estimate of $366.35 million. During the same period in the previous year, the business earned $1.06 earnings per share. The firm's quarterly 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. Research analysts expect that Regency Centers Corporation will post 4.54 EPS for the current fiscal year.

Regency Centers Announces Dividend

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 given a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Thursday, September 11th. Regency Centers's payout ratio is presently 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.