IFM Investors Pty Ltd Has $4.81 Million Stock Position 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 decreased its stake in Regency Centers Corporation (NASDAQ:REG - Free Report) by 11.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,270 shares of the company's stock after selling 8,420 shares during the period. IFM Investors Pty Ltd's holdings in Regency Centers were worth $4,814,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of REG. Ameriprise Financial Inc. boosted its stake in Regency Centers by 8.6% during the fourth quarter. Ameriprise Financial Inc. now owns 59,776 shares of the company's stock worth $4,431,000 after buying an additional 4,734 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Regency Centers by 41.5% in the 4th quarter. Bank of America Corp DE now owns 566,846 shares of the company's stock valued at $41,907,000 after purchasing an additional 166,115 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of Regency Centers by 42.5% in the 4th quarter. Captrust Financial Advisors now owns 5,469 shares of the company's stock valued at $404,000 after purchasing an additional 1,631 shares in the last quarter. D. E. Shaw & Co. Inc. raised its holdings in shares of Regency Centers by 193.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 98,966 shares of the company's stock valued at $7,317,000 after buying an additional 65,201 shares during the last quarter. Finally, Ethic Inc. raised its holdings in shares of Regency Centers by 9.1% in the fourth quarter. Ethic Inc. now owns 7,563 shares of the company's stock valued at $559,000 after buying an additional 634 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Regency Centers Stock Up 0.3%

NASDAQ:REG traded up $0.21 during trading hours on Wednesday, reaching $70.59. 170,520 shares of the stock were exchanged, compared to its average volume of 1,101,665. Regency Centers Corporation has a twelve month low of $63.44 and a twelve month high of $78.18. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a 50 day moving average of $71.47 and a 200 day moving average of $71.61. The stock has a market cap of $12.82 billion, a PE ratio of 33.02, a PEG ratio of 3.07 and a beta of 1.09.

Regency Centers (NASDAQ:REG - Get Free Report) last released its quarterly 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. Regency Centers had a return on equity of 6.05% and a net margin of 27.00%.The firm had revenue of $369.85 million during the quarter, compared to the consensus estimate of $366.35 million. During the same quarter in the prior year, the firm posted $1.06 EPS. The business's revenue was up 6.6% on a year-over-year basis. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. On average, equities analysts expect that Regency Centers Corporation will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

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 issued a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Thursday, September 11th. Regency Centers's dividend payout ratio is currently 131.78%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on REG. Truist Financial lifted their price target on Regency Centers from $79.00 to $81.00 and gave the company a "buy" rating in a report on Friday, August 15th. Scotiabank lifted their price target on Regency Centers from $75.00 to $76.00 and gave the company a "sector perform" rating in a report on Thursday, August 28th. Wall Street Zen cut Regency Centers from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. Evercore ISI lifted their price target on Regency Centers from $76.00 to $77.00 and gave the company an "in-line" rating in a report on Monday. Finally, LADENBURG THALM/SH SH started coverage on Regency Centers in a report on Tuesday, September 9th. They set a "neutral" rating and a $76.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Regency Centers currently has an average rating of "Moderate Buy" and a consensus target price of $78.42.

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.