IFM Investors Pty Ltd Lowers Holdings in Regency Centers Corporation $REG

Key Points

• IFM Investors Pty Ltd has reduced its stake in Regency Centers Corporation by 11.4%, selling 8,420 shares, which leaves them with 65,270 shares valued at approximately $4.8 million.
• Regency Centers announced an upcoming quarterly dividend of $0.705 per share, with an annualized yield of 3.9%, to be paid on October 2nd.
• The company's quarterly earnings surpassed expectations with an EPS of $1.16, beating the consensus estimate by $0.04 and reporting a 6.6% increase in year-over-year revenue.

IFM Investors Pty Ltd trimmed its position in Regency Centers Corporation (NASDAQ:REG - Free Report) by 11.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,270 shares of the company's stock after selling 8,420 shares during the quarter. IFM Investors Pty Ltd's holdings in Regency Centers were worth $4,814,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Wayfinding Financial LLC bought a new stake in Regency Centers during the first quarter worth approximately $25,000. Heck Capital Advisors LLC purchased a new stake in shares of Regency Centers in the fourth quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd boosted its holdings 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 purchasing an additional 150 shares during the period. Sentry Investment Management LLC purchased a new stake in Regency Centers during the first quarter worth $38,000. Finally, GKV Capital Management Co. Inc. purchased a new stake in Regency Centers during the first quarter worth $40,000. 96.07% of the stock is owned by institutional investors.

Regency Centers Trading Up 0.2%

Shares of REG opened at $72.24 on Friday. 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's 50-day moving average is $71.42 and its two-hundred day moving average is $71.73. Regency Centers Corporation has a twelve month low of $63.44 and a twelve month high of $78.18. The firm has a market capitalization of $13.12 billion, a P/E ratio of 33.76, a PEG ratio of 3.12 and a beta of 1.09.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.04. The business had revenue of $369.85 million for 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 company's quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.06 earnings per share. 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 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The business 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 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 is Thursday, September 11th. Regency Centers's dividend payout ratio is 131.78%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on REG. LADENBURG THALM/SH SH began coverage on Regency Centers in a report on Tuesday. They set a "neutral" rating and a $76.00 price objective for the company. Wells Fargo & Company increased their target price 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. Scotiabank raised their price target 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, August 28th. Wall Street Zen lowered shares of Regency Centers from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. Finally, Evercore ISI raised their price target on shares of Regency Centers from $79.00 to $80.00 and gave the stock an "in-line" rating in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $78.67.

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.

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