Element Capital Management LLC Invests $2.76 Million in Regency Centers Corporation $REG

Key Points

• Element Capital Management LLC has made a new investment in Regency Centers Corporation by acquiring 37,447 shares, valued at approximately $2.76 million.
• Regency Centers recently reported earnings of $1.16 EPS for the last quarter, exceeding analysts' expectations, alongside a revenue of $369.85 million.
• The company is set to pay a quarterly dividend of $0.705 on October 2nd, resulting in an annualized yield of 4.0% despite having a high dividend payout ratio of 131.78%.

Element Capital Management LLC bought a new stake in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 37,447 shares of the company's stock, valued at approximately $2,762,000.

Several other hedge funds also recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd increased its holdings in Regency Centers by 42.3% during the first quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company's stock worth $37,000 after buying an additional 150 shares during the last quarter. State of Wyoming increased its holdings in Regency Centers by 11.3% during the fourth quarter. State of Wyoming now owns 1,543 shares of the company's stock worth $114,000 after buying an additional 157 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in Regency Centers by 1.7% during the first quarter. Crossmark Global Holdings Inc. now owns 9,627 shares of the company's stock worth $710,000 after buying an additional 160 shares during the last quarter. Proficio Capital Partners LLC grew its stake in shares of Regency Centers by 4.6% during the 1st quarter. Proficio Capital Partners LLC now owns 3,847 shares of the company's stock worth $284,000 after acquiring an additional 170 shares during the period. Finally, Brown Advisory Inc. grew its stake in shares of Regency Centers by 0.3% during the 1st quarter. Brown Advisory Inc. now owns 71,345 shares of the company's stock worth $5,262,000 after acquiring an additional 196 shares during the period. Hedge funds and other institutional investors own 96.07% of the company's stock.

Regency Centers Price Performance

Regency Centers stock traded down $0.05 during midday trading on Wednesday, reaching $71.73. 1,261,847 shares of the stock were exchanged, compared to its average volume of 1,258,220. The company's fifty day moving average is $70.91 and its 200-day moving average is $71.83. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $13.02 billion, a PE ratio of 33.52, a PEG ratio of 3.10 and a beta of 1.05. Regency Centers Corporation has a 52 week low of $63.44 and a 52 week high of $78.18.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its earnings results 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 business 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%. Regency Centers's revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.06 EPS. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. On average, sell-side analysts forecast that Regency Centers Corporation will post 4.54 EPS for the current year.

Regency Centers Dividend Announcement

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

Analyst Ratings Changes

Several research firms have recently weighed in on REG. Evercore ISI increased their price target on Regency Centers from $79.00 to $80.00 and gave the stock an "in-line" rating in a research note on Wednesday, July 30th. Wall Street Zen downgraded Regency Centers from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. Robert W. Baird increased their price target on Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Mizuho increased 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. Finally, Truist Financial increased their price target on Regency Centers from $79.00 to $81.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. One investment 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $78.58.

Regency Centers 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.