Jacobs Levy Equity Management Inc. Has $5.01 Million Stock 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. raised its stake in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 44.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in REG. Stifel Financial Corp boosted its holdings in Regency Centers by 8.8% during the fourth quarter. Stifel Financial Corp now owns 8,943 shares of the company's stock valued at $661,000 after purchasing an additional 723 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Regency Centers by 8.6% in the fourth quarter. Ameriprise Financial Inc. now owns 59,776 shares of the company's stock valued at $4,431,000 after acquiring an additional 4,734 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Regency Centers by 41.5% in the fourth quarter. Bank of America Corp DE now owns 566,846 shares of the company's stock valued at $41,907,000 after acquiring an additional 166,115 shares during the last quarter. Captrust Financial Advisors raised its stake in shares of Regency Centers by 42.5% in the fourth quarter. Captrust Financial Advisors now owns 5,469 shares of the company's stock valued at $404,000 after acquiring an additional 1,631 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. raised its stake in shares of Regency Centers by 193.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 98,966 shares of the company's stock valued at $7,317,000 after acquiring an additional 65,201 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Regency Centers Trading Down 1.2%

REG stock traded down $0.90 during trading on Friday, hitting $71.34. The company had a trading volume of 1,193,470 shares, compared to its average volume of 1,106,110. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.72. The firm has a 50-day moving average price of $71.42 and a 200-day moving average price of $71.73. Regency Centers Corporation has a 12 month low of $63.44 and a 12 month high of $78.18. The stock has a market cap 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 (NASDAQ:REG - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $1.16 EPS for the quarter, topping analysts' consensus estimates of $1.12 by $0.04. Regency Centers had a net margin of 27.00% and a return on equity of 6.05%. The firm had revenue of $369.85 million during the quarter, compared to analyst estimates of $366.35 million. During the same quarter in the previous year, the business earned $1.06 EPS. The business'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. As a group, analysts predict that Regency Centers Corporation will post 4.54 earnings per share for the current year.

Regency Centers Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Thursday, September 11th. Regency Centers's payout ratio is currently 131.78%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on REG shares. Barclays lifted their target price on shares of Regency Centers from $77.00 to $79.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 27th. Robert W. Baird lifted their target price on shares of Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Truist Financial lifted their target price on shares of Regency Centers from $79.00 to $81.00 and gave the company a "buy" rating in a research note on Friday, August 15th. LADENBURG THALM/SH SH assumed coverage on shares of Regency Centers in a research note on Tuesday. They issued a "neutral" rating and a $76.00 target price for the company. Finally, Scotiabank boosted their price objective on shares of Regency Centers from $75.00 to $76.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target 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.