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

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Scotiabank boosted their price target on Regency Centers from $75.00 to $76.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 28th. Evercore ISI boosted their price target on Regency Centers from $79.00 to $80.00 and gave the stock an "in-line" rating in a research report on Wednesday, July 30th. LADENBURG THALM/SH SH initiated coverage on Regency Centers in a research report on Tuesday. They set a "neutral" rating and a $76.00 price target on the stock. Wall Street Zen downgraded Regency Centers from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. Finally, Truist Financial lifted their target price on Regency Centers from $79.00 to $81.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. One research 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $78.67.

Regency Centers Stock Performance

REG opened at $72.24 on Friday. The business has a fifty day simple moving average of $71.42 and a 200 day simple moving average of $71.73. The company has a market capitalization of $13.12 billion, a PE ratio of 33.76, a price-to-earnings-growth ratio of 3.12 and a beta of 1.09. Regency Centers Corporation has a 1 year low of $63.44 and a 1 year 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.

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 (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.04. The business had revenue of $369.85 million during the quarter, compared to the consensus estimate of $366.35 million. Regency Centers had a return on equity of 6.05% and a net margin of 27.00%.The firm's quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.06 EPS. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. Research analysts expect 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. Investors of record on Thursday, September 11th will be paid a $0.705 dividend. The ex-dividend date is Thursday, September 11th. This represents a $2.82 annualized dividend and a yield of 3.9%. Regency Centers's 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.

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