Dimensional Fund Advisors LP Sells 62,327 Shares of Regency Centers Corporation $REG

Key Points

• Dimensional Fund Advisors LP decreased its holdings in Regency Centers Corporation by 2.3%, now owning approximately 1.45% of the company, valued at $193.96 million.
• Wall Street analysts have varying opinions on Regency Centers, with the consensus rating being "Moderate Buy" and an average target price of $78.33.
• Regency Centers announced a quarterly dividend of $0.705 per share, reflecting an annual yield of 4.0% and a payout ratio of 131.78%.

Dimensional Fund Advisors LP lowered its position in Regency Centers Corporation (NASDAQ:REG - Free Report) by 2.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,629,702 shares of the company's stock after selling 62,327 shares during the period. Dimensional Fund Advisors LP owned about 1.45% of Regency Centers worth $193,962,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in Regency Centers by 3.9% in the 1st quarter. JPMorgan Chase & Co. now owns 11,574,170 shares of the company's stock worth $853,711,000 after buying an additional 432,399 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Regency Centers by 1.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,440,384 shares of the company's stock valued at $771,859,000 after purchasing an additional 171,047 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Regency Centers by 9.8% during the 1st quarter. Invesco Ltd. now owns 5,899,497 shares of the company's stock valued at $435,147,000 after purchasing an additional 525,047 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Regency Centers by 64.1% during the 4th quarter. Northern Trust Corp now owns 2,781,614 shares of the company's stock valued at $205,645,000 after purchasing an additional 1,086,797 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of Regency Centers during the 1st quarter valued at about $182,926,000. Institutional investors own 96.07% of the company's stock.

Regency Centers Trading Up 1.6%

Shares of NASDAQ:REG traded up $1.13 during trading on Friday, reaching $72.35. The company's stock had a trading volume of 1,314,932 shares, compared to its average volume of 1,257,938. 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 Corporation has a 12 month low of $63.44 and a 12 month high of $78.18. The firm's 50 day simple moving average is $70.96 and its two-hundred day simple moving average is $71.83. The stock has a market capitalization of $13.14 billion, a PE ratio of 33.81, a price-to-earnings-growth ratio of 3.08 and a beta of 1.05.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.16 EPS for the quarter, beating analysts' consensus estimates of $1.12 by $0.04. The firm had revenue of $369.85 million during the quarter, compared to the consensus estimate of $366.35 million. Regency Centers had a net margin of 27.00% and a return on equity of 6.05%. The firm's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.06 EPS. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. On average, research analysts predict that Regency Centers Corporation will post 4.54 EPS for the current fiscal year.

Regency Centers Announces Dividend

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

Analyst Ratings Changes

Several research analysts have commented on REG shares. Wall Street Zen downgraded shares of Regency Centers from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. Robert W. Baird increased their price objective on shares of Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Mizuho increased their price objective on shares of Regency Centers from $74.00 to $77.00 and gave the company an "outperform" rating in a report on Wednesday. Evercore ISI increased their price objective on shares of Regency Centers from $79.00 to $80.00 and gave the company an "in-line" rating in a report on Wednesday, July 30th. Finally, Truist Financial increased their price objective on shares of Regency Centers from $79.00 to $81.00 and gave the company a "buy" rating in a report on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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.