Invst LLC Takes $749,000 Position in Regency Centers Corporation $REG

Key Points

• Invst LLC has acquired a new position in Regency Centers Corporation, purchasing 10,149 shares valued at approximately $749,000.
• Regency Centers recently reported quarterly earnings of $1.16 per share, surpassing analysts' expectations and showing a revenue increase of 6.6% year-over-year.
• The company announced a quarterly dividend of $0.705 per share, representing an annual yield of 4.0%, despite a dividend payout ratio of 131.78%.

Invst LLC bought a new stake in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 10,149 shares of the company's stock, valued at approximately $749,000.

Several other institutional investors have also recently added to or reduced their stakes in REG. Ameriprise Financial Inc. increased 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 valued at $4,431,000 after purchasing an additional 4,734 shares during the last quarter. Bank of America Corp DE increased its stake in Regency Centers by 41.5% during the fourth 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 during the last quarter. Captrust Financial Advisors increased its stake in Regency Centers by 42.5% during the fourth 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 during the last quarter. D. E. Shaw & Co. Inc. increased its stake in Regency Centers by 193.1% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 98,966 shares of the company's stock valued at $7,317,000 after purchasing an additional 65,201 shares during the last quarter. Finally, Ethic Inc. increased its stake in Regency Centers by 9.1% during the fourth quarter. Ethic Inc. now owns 7,563 shares of the company's stock valued at $559,000 after purchasing an additional 634 shares during the last quarter. Institutional investors own 96.07% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on REG. Evercore ISI upped their price objective on shares of Regency Centers from $76.00 to $77.00 and gave the stock an "in-line" rating in a report on Monday. Mizuho upped their price objective 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. 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 report on Friday, August 15th. Barclays upped their price objective on shares of Regency Centers from $77.00 to $79.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 27th. Finally, LADENBURG THALM/SH SH began coverage on shares of Regency Centers in a report on Tuesday, September 9th. They issued 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 assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Regency Centers has an average rating of "Moderate Buy" and an average target price of $78.42.

Regency Centers Trading Up 0.7%

NASDAQ REG traded up $0.51 on Thursday, hitting $70.27. 204,045 shares of the company were exchanged, compared to its average volume of 1,101,171. The company's 50 day moving average price is $71.49 and its 200-day moving average price is $71.59. 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 market capitalization of $12.76 billion, a P/E ratio of 32.82, a price-to-earnings-growth ratio of 3.04 and a beta of 1.09. Regency Centers Corporation has a twelve month low of $63.44 and a twelve month high of $78.18.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $369.85 million for 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 business's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.06 EPS. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. 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 issued a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a yield of 4.0%. The ex-dividend date is Thursday, September 11th. Regency Centers's payout ratio is presently 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.