FJ Capital Management LLC Makes New $717,000 Investment in Regency Centers Corporation $REG

Key Points

• FJ Capital Management LLC has acquired a new stake in Regency Centers Corporation valued at approximately $717,000 by purchasing 9,727 shares in the first quarter.
• Regency Centers reported $1.16 earnings per share for the most recent quarter, exceeding analyst expectations, with a revenue of $369.85 million, which marked a 6.6% increase year-over-year.
• The company recently announced a quarterly dividend of $0.705, representing an annualized yield of 3.9%, despite a payout ratio of 131.78%.

FJ Capital Management LLC bought a new position in Regency Centers Corporation (NASDAQ:REG - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,727 shares of the company's stock, valued at approximately $717,000.

Several other hedge funds and other institutional investors have also made changes to their positions in REG. Wayfinding Financial LLC purchased a new position in shares of Regency Centers during the 1st quarter valued at $25,000. Heck Capital Advisors LLC bought a new stake in Regency Centers in the fourth quarter worth $26,000. Caitong International Asset Management Co. Ltd boosted its holdings in Regency Centers by 42.3% in the first quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company's stock worth $37,000 after purchasing an additional 150 shares in the last quarter. Sentry Investment Management LLC bought a new stake in Regency Centers in the first quarter worth $38,000. Finally, GKV Capital Management Co. Inc. bought a new stake in Regency Centers in the first quarter worth $40,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Regency Centers Stock Performance

Shares of REG stock traded up $1.33 during midday trading on Thursday, hitting $73.56. 1,219,966 shares of the company were exchanged, compared to its average volume of 1,106,949. The firm has a market capitalization of $13.36 billion, a P/E ratio of 34.37, a PEG ratio of 3.13 and a beta of 1.09. 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's 50 day moving average price is $71.18 and its two-hundred day moving average price is $71.75. 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 announced 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 analyst estimates of $366.35 million. During the same quarter in the prior year, the business posted $1.06 EPS. The business's revenue was up 6.6% compared to the same quarter last year. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. As a group, equities research analysts anticipate that Regency Centers Corporation will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be given a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Thursday, September 11th. Regency Centers's dividend payout ratio is currently 131.78%.

Analyst Ratings Changes

REG has been the subject of a number of research analyst reports. Scotiabank boosted their target price on shares of Regency Centers from $75.00 to $76.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 28th. Wall Street Zen lowered shares of Regency Centers from a "hold" rating to a "sell" rating in a research report on Saturday, July 5th. Robert W. Baird boosted their target price on shares of Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Wells Fargo & Company upped their price objective on shares of Regency Centers from $79.00 to $81.00 and gave the company an "overweight" rating in a research report on Wednesday, August 27th. Finally, Mizuho upped their price objective on shares of Regency Centers from $74.00 to $77.00 and gave the company an "outperform" rating in a research report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Regency Centers presently has an average rating of "Moderate Buy" and a consensus target price of $79.00.

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.