Guggenheim Capital LLC Grows Position in Regency Centers Corporation $REG

Key Points

• Guggenheim Capital LLC has increased its stake in Regency Centers Corporation by 42.9%, owning approximately 0.12% of the company, valued at $16.17 million.
• Regency Centers recently announced a quarterly dividend of $0.705 per share, resulting in an annualized dividend yield of 3.9%.
• Analysts have mixed ratings for Regency Centers, with a consensus recommendation of "Moderate Buy" and an average price target of $78.92.

Guggenheim Capital LLC boosted its holdings in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 42.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 219,158 shares of the company's stock after acquiring an additional 65,777 shares during the period. Guggenheim Capital LLC owned 0.12% of Regency Centers worth $16,165,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of REG. Nuveen LLC purchased a new position in Regency Centers during the 1st quarter valued at about $182,926,000. Wellington Management Group LLP increased its stake in Regency Centers by 2,846.0% during the 1st quarter. Wellington Management Group LLP now owns 1,256,228 shares of the company's stock valued at $92,659,000 after purchasing an additional 1,213,586 shares in the last quarter. Northern Trust Corp increased its stake in 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 in the last quarter. Cbre Investment Management Listed Real Assets LLC increased its stake in Regency Centers by 63.5% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,521,633 shares of the company's stock valued at $185,996,000 after purchasing an additional 979,126 shares in the last quarter. Finally, Invesco Ltd. increased its stake in 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 in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Regency Centers Stock Performance

NASDAQ REG traded up $0.29 during trading hours on Monday, hitting $72.50. 1,029,758 shares of the company's stock traded hands, compared to its average volume of 1,200,161. The business's fifty day moving average price is $71.12 and its two-hundred day moving average price is $71.74. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $13.16 billion, a P/E ratio of 33.88, a P/E/G ratio of 3.13 and a beta of 1.09. 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 issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.04. Regency Centers had a net margin of 27.00% and a return on equity of 6.05%. The business had revenue of $369.85 million for the quarter, compared to the consensus estimate of $366.35 million. During the same quarter in the previous year, the firm earned $1.06 earnings per share. The company's revenue for the quarter was up 6.6% on a year-over-year basis. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. Equities research analysts predict that Regency Centers Corporation will post 4.54 EPS for the current year.

Regency Centers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be issued a dividend of $0.705 per share. 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 payout ratio is currently 131.78%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Mizuho raised their price objective on shares of Regency Centers from $74.00 to $77.00 and gave the company an "outperform" rating in a research note on Wednesday, August 20th. Wall Street Zen lowered shares of Regency Centers from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. Scotiabank raised their price objective on shares of Regency Centers from $75.00 to $76.00 and gave the company a "sector perform" rating in a research note on Thursday. Barclays raised their price objective on shares of Regency Centers from $77.00 to $79.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 27th. Finally, Wells Fargo & Company lifted their price target on shares of Regency Centers from $79.00 to $81.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. One 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 data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $79.00.

About Regency Centers

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.