Intrua Financial LLC Makes New Investment in Regency Centers Corporation $REG

Key Points

• Intrua Financial LLC invested approximately $460,000 to acquire 6,232 shares in Regency Centers Corporation during the first quarter, indicating strong institutional interest.
• The company reported $1.16 EPS for its last quarterly earnings, surpassing estimates and showing a 6.6% revenue growth year-over-year.
• Regency Centers announced a quarterly dividend of $0.705 per share, with a yield of 3.9%, reflecting a significant payout ratio of 131.78%.

Intrua Financial LLC acquired a new position in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,232 shares of the company's stock, valued at approximately $460,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Nuveen LLC bought a new stake in Regency Centers during the 1st quarter worth approximately $182,926,000. Wellington Management Group LLP grew its stake in Regency Centers by 2,846.0% in the first 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. Cbre Investment Management Listed Real Assets LLC raised its stake in Regency Centers by 63.5% in the first 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 buying an additional 979,126 shares during the period. Invesco Ltd. raised its stake in Regency Centers by 9.8% in the first quarter. Invesco Ltd. now owns 5,899,497 shares of the company's stock valued at $435,147,000 after buying an additional 525,047 shares during the period. Finally, Jefferies Financial Group Inc. bought a new stake in shares of Regency Centers during the first quarter worth approximately $32,136,000. Institutional investors own 96.07% of the company's stock.

Analysts Set New Price Targets

REG has been the subject of a number of research analyst reports. Scotiabank boosted their price objective on Regency Centers from $75.00 to $76.00 and gave the stock a "sector perform" rating in a report on Thursday, August 28th. Mizuho raised their target price on shares of Regency Centers from $74.00 to $77.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. Wells Fargo & Company raised their target price on shares of Regency Centers from $79.00 to $81.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. Wall Street Zen cut shares of Regency Centers from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. Finally, Evercore ISI upped their price target on shares of Regency Centers from $76.00 to $77.00 and gave the stock an "in-line" rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Regency Centers currently has an average rating of "Moderate Buy" and an average price target of $78.42.

Regency Centers Stock Up 0.4%

Shares of REG traded up $0.28 during trading hours on Wednesday, reaching $70.66. The stock had a trading volume of 188,751 shares, compared to its average volume of 1,101,781. Regency Centers Corporation has a 12 month low of $63.44 and a 12 month high of $78.18. The firm has a 50-day simple moving average of $71.47 and a 200 day simple moving average of $71.61. 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 company has a market capitalization of $12.83 billion, a price-to-earnings ratio of 32.99, a P/E/G ratio of 3.07 and a beta of 1.09.

Regency Centers (NASDAQ:REG - Get Free Report) last issued 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 return on equity of 6.05% and a net margin of 27.00%.The company had revenue of $369.85 million for the quarter, compared to analysts' expectations of $366.35 million. During the same period last year, the business earned $1.06 EPS. Regency Centers's quarterly 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. Equities research analysts predict that Regency Centers Corporation will post 4.54 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

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 issued 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 131.78%.

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.