Invst LLC Invests $749,000 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 purchased a new position in Regency Centers Corporation (NASDAQ:REG - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,149 shares of the company's stock, valued at approximately $749,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Ameriprise Financial Inc. increased its holdings in Regency Centers by 8.6% during the 4th quarter. Ameriprise Financial Inc. now owns 59,776 shares of the company's stock worth $4,431,000 after purchasing an additional 4,734 shares during the period. Bank of America Corp DE increased its holdings in 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 period. Captrust Financial Advisors increased its holdings in 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 period. D. E. Shaw & Co. Inc. increased its holdings in 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 period. Finally, Ethic Inc. increased its holdings in 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 period. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Regency Centers Stock Down 1.2%

Regency Centers stock opened at $71.34 on Friday. 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 capitalization of $12.95 billion, a price-to-earnings ratio of 33.34, a PEG 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 business has a fifty day moving average price of $71.43 and a 200-day moving average price of $71.71.

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 for the quarter, topping analysts' consensus estimates of $1.12 by $0.04. The firm had revenue of $369.85 million during the quarter, compared to analysts' expectations of $366.35 million. Regency Centers had a return on equity of 6.05% and a net margin of 27.00%.The business's quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.06 EPS. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. Equities research analysts forecast that Regency Centers Corporation will post 4.54 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be given a $0.705 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 4.0%. Regency Centers's dividend payout ratio (DPR) is presently 131.78%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on REG shares. Evercore ISI raised their price objective on Regency Centers from $79.00 to $80.00 and gave the stock an "in-line" rating in a report on Wednesday, July 30th. Scotiabank raised 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 price objective on Regency Centers from $74.00 to $77.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. Robert W. Baird increased their target price on Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Finally, Truist Financial increased their target price on Regency Centers from $79.00 to $81.00 and gave the company a "buy" rating in a research report on Friday, August 15th. 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $78.67.

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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