IFM Investors Pty Ltd Sells 4,273 Shares of Regency Centers Corporation $REG

Key Points

• IFM Investors Pty Ltd reduced its stake in Regency Centers Corporation (REG) by 6.5%, selling 4,273 shares and holding 60,997 shares valued at $4,345,000 as of the latest SEC filing.
• Several analysts have raised their price targets for Regency Centers, with Barclays adjusting its target from $77.00 to $79.00 and Mizuho from $74.00 to $77.00, reflecting a generally positive outlook on the stock.
• Regency Centers announced a quarterly dividend of $0.705 per share, representing a 4.0% yield, with a payout ratio currently at 131.78%.

IFM Investors Pty Ltd trimmed its position in Regency Centers Corporation (NASDAQ:REG - Free Report) by 6.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,997 shares of the company's stock after selling 4,273 shares during the quarter. IFM Investors Pty Ltd's holdings in Regency Centers were worth $4,345,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Wayfinding Financial LLC acquired a new position in Regency Centers in the first quarter worth approximately $25,000. Heck Capital Advisors LLC acquired a new position in shares of Regency Centers in the 4th quarter valued at $26,000. Caitong International Asset Management Co. Ltd raised its holdings in Regency Centers by 42.3% during the 1st 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 period. Sentry Investment Management LLC acquired a new position in Regency Centers in the 1st quarter worth approximately $38,000. Finally, GKV Capital Management Co. Inc. acquired a new position in Regency Centers in the 1st quarter valued at approximately $40,000. 96.07% of the stock is currently owned by institutional investors.

Regency Centers Stock Performance

Regency Centers stock traded up $0.46 during mid-day trading on Monday, hitting $70.73. 1,132,693 shares of the company's stock traded hands, compared to its average volume of 1,121,784. 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 stock has a market cap of $12.84 billion, a price-to-earnings ratio of 33.05, a P/E/G ratio of 3.04 and a beta of 1.09. The firm has a 50 day simple moving average of $71.54 and a two-hundred day simple moving average of $71.42. Regency Centers Corporation has a fifty-two week low of $63.44 and a fifty-two week high of $78.18.

Regency Centers (NASDAQ:REG - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.04. The company had revenue of $369.85 million for the quarter, compared to analyst estimates of $366.35 million. Regency Centers had a return on equity of 6.05% and a net margin of 27.00%.Regency Centers's quarterly revenue was up 6.6% on a year-over-year basis. During the same period 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, research analysts expect that Regency Centers Corporation will post 4.54 EPS for the current fiscal year.

Regency Centers Announces Dividend

The business also recently declared 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. The ex-dividend date is Thursday, September 11th. This represents a $2.82 annualized dividend and a yield of 4.0%. Regency Centers's dividend payout ratio is presently 131.78%.

Wall Street Analyst Weigh In

REG has been the topic of several analyst reports. Robert W. Baird increased their price target on Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Wall Street Zen cut Regency Centers from a "hold" rating to a "sell" rating in a research report on Saturday, July 5th. Mizuho boosted their target price 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. Evercore ISI lifted their price target on shares of Regency Centers from $76.00 to $77.00 and gave the company an "in-line" rating in a report on Monday, September 15th. Finally, Truist Financial upped their price objective on shares of 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, six have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, Regency Centers presently has a consensus rating of "Moderate Buy" and an average target price of $78.42.

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.