Jacobs Levy Equity Management Inc. Has $5.01 Million Holdings in Regency Centers Corporation $REG

Key Points

• Jacobs Levy Equity Management Inc. increased its stake in Regency Centers Corporation by 44.8% during Q1, holding shares valued at $5.01 million after acquiring an additional 21,029 shares.
• Regency Centers recently declared a quarterly dividend of $0.705, reflecting an annualized yield of 3.9% and a payout ratio of 131.78%.
• Analysts have mixed ratings for Regency Centers, with an average rating of "Moderate Buy" and a price target of $78.67, while one analyst has given a Strong Buy recommendation.

Jacobs Levy Equity Management Inc. increased its holdings in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 44.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,956 shares of the company's stock after purchasing an additional 21,029 shares during the quarter. Jacobs Levy Equity Management Inc.'s holdings in Regency Centers were worth $5,012,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in REG. Wayfinding Financial LLC acquired a new position in Regency Centers during the first quarter worth $25,000. Heck Capital Advisors LLC acquired a new position in Regency Centers during the fourth quarter worth $26,000. Caitong International Asset Management Co. Ltd boosted its holdings in Regency Centers by 42.3% during the first quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company's stock worth $37,000 after purchasing an additional 150 shares during the last quarter. Sentry Investment Management LLC bought a new stake in Regency Centers during the first quarter worth $38,000. Finally, GKV Capital Management Co. Inc. bought a new stake in Regency Centers during the first quarter worth $40,000. Institutional investors and hedge funds own 96.07% of the company's stock.

Regency Centers Stock Performance

Shares of REG traded down $0.90 during trading hours on Friday, hitting $71.34. The company had a trading volume of 1,193,470 shares, compared to its average volume of 1,062,558. The firm has a market cap of $12.95 billion, a price-to-earnings ratio of 33.34, a PEG ratio of 3.08 and a beta of 1.09. The business has a fifty day moving average of $71.43 and a 200-day moving average of $71.65. Regency Centers Corporation has a 12 month low of $63.44 and a 12 month high of $78.18. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.72.

Regency Centers (NASDAQ:REG - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.16 earnings per share for the quarter, beating 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 net margin of 27.00% and a return on equity of 6.05%. The company's revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.06 earnings per share. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. Equities analysts anticipate that Regency Centers Corporation will post 4.54 EPS 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. 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 annualized dividend and a dividend yield of 4.0%. Regency Centers's dividend payout ratio is presently 131.78%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Barclays upped their price target on shares of Regency Centers from $77.00 to $79.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 27th. Wells Fargo & Company upped their price target on shares of Regency Centers from $79.00 to $81.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. Truist Financial upped their price target on shares of Regency Centers from $79.00 to $81.00 and gave the stock a "buy" rating in a research report on Friday, August 15th. Mizuho upped their price target on shares of Regency Centers from $74.00 to $77.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 20th. Finally, Evercore ISI upped their price target on shares of Regency Centers from $79.00 to $80.00 and gave the stock an "in-line" rating in a research report on Wednesday, July 30th. One equities 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.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $78.67.

Regency Centers Company 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.