Jump Financial LLC Makes New $1.35 Million Investment in Regency Centers Corporation $REG

Key Points

• Jump Financial LLC invested $1.35 million in Regency Centers Corporation by acquiring 18,232 shares, signaling institutional interest in the company.
• While the majority of analysts show a positive outlook, Wall Street Zen downgraded Regency Centers from a "hold" rating to a "sell." The stock maintains a consensus rating of "Moderate Buy" with an average target price of $79.00.
• Regency Centers recently reported a quarterly earnings per share (EPS) of $1.16, exceeding estimates, and announced a quarterly dividend of $0.705 per share, representing a 3.9% yield.

Jump Financial LLC bought a new position in Regency Centers Corporation (NASDAQ:REG - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 18,232 shares of the company's stock, valued at approximately $1,345,000.

Several other hedge funds have also added to or reduced their stakes in REG. Nuveen LLC bought a new stake in Regency Centers in the first quarter worth $182,926,000. Wellington Management Group LLP raised its stake in shares of Regency Centers by 2,846.0% in the first quarter. Wellington Management Group LLP now owns 1,256,228 shares of the company's stock worth $92,659,000 after purchasing an additional 1,213,586 shares during the last quarter. Northern Trust Corp raised its stake in shares of Regency Centers by 64.1% in the fourth quarter. Northern Trust Corp now owns 2,781,614 shares of the company's stock worth $205,645,000 after purchasing an additional 1,086,797 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC raised its stake in shares of Regency Centers by 63.5% in the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,521,633 shares of the company's stock worth $185,996,000 after purchasing an additional 979,126 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of Regency Centers by 9.8% in the first quarter. Invesco Ltd. now owns 5,899,497 shares of the company's stock worth $435,147,000 after purchasing an additional 525,047 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

Regency Centers Stock Performance

Regency Centers stock traded up $0.29 during mid-day trading on Monday, reaching $72.50. 1,029,758 shares of the stock traded hands, compared to its average volume of 1,200,161. The stock has a market capitalization of $13.16 billion, a PE ratio of 33.88, a price-to-earnings-growth ratio of 3.13 and a beta of 1.09. 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 Corporation has a 12-month low of $63.44 and a 12-month high of $78.18. The business's 50-day moving average is $71.12 and its 200-day moving average is $71.74.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.16 EPS for the quarter, beating analysts' consensus estimates of $1.12 by $0.04. The company 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%.Regency Centers's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.06 earnings per share. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. As a group, sell-side analysts predict that Regency Centers Corporation will post 4.54 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be given a $0.705 dividend. The ex-dividend date is Thursday, September 11th. This represents a $2.82 dividend on an annualized basis and a yield of 3.9%. Regency Centers's dividend payout ratio is presently 131.78%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on REG. Wall Street Zen cut Regency Centers from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. Mizuho boosted their price target on Regency Centers from $74.00 to $77.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 20th. Wells Fargo & Company boosted their price target on Regency Centers from $79.00 to $81.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. Scotiabank upped their price objective on Regency Centers from $75.00 to $76.00 and gave the company a "sector perform" rating in a research report on Thursday. Finally, Robert W. Baird upped their price objective on Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, Regency Centers presently has an average rating of "Moderate Buy" and a consensus target price of $79.00.

About Regency Centers

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.