Martingale Asset Management L P Purchases 5,017 Shares of Regency Centers Corporation $REG

Key Points

• Martingale Asset Management increased its stake in Regency Centers Corporation by 75.9%, acquiring an additional 5,017 shares, bringing its total to 11,624 shares valued at about $857,000.
• Regency Centers reported a quarterly earnings per share (EPS) of $1.16, beating analyst expectations of $1.12, with revenues of $369.85 million, which is up 6.6% compared to the previous year.
• The company announced a quarterly dividend of $0.705 per share, representing an annualized yield of 3.9%, with a dividend payout ratio of 131.78%.

Martingale Asset Management L P lifted its stake in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 75.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,624 shares of the company's stock after acquiring an additional 5,017 shares during the period. Martingale Asset Management L P's holdings in Regency Centers were worth $857,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in REG. Mariner LLC increased its position in shares of Regency Centers by 18.8% during the fourth quarter. Mariner LLC now owns 12,693 shares of the company's stock worth $938,000 after acquiring an additional 2,005 shares in the last quarter. TD Waterhouse Canada Inc. increased its position in shares of Regency Centers by 48,700.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock worth $36,000 after acquiring an additional 487 shares in the last quarter. Stifel Financial Corp increased its position in shares of Regency Centers by 8.8% during the fourth quarter. Stifel Financial Corp now owns 8,943 shares of the company's stock worth $661,000 after acquiring an additional 723 shares in the last quarter. Two Sigma Securities LLC bought a new stake in shares of Regency Centers during the fourth quarter worth $462,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Regency Centers during the fourth quarter worth $13,535,000. Institutional investors own 96.07% of the company's stock.

Regency Centers Stock Performance

Shares of REG stock opened at $72.35 on Monday. The stock has a market cap of $13.14 billion, a P/E ratio of 33.81, a P/E/G ratio of 3.13 and a beta of 1.05. 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 company has a fifty day moving average price of $70.96 and a two-hundred day moving average price of $71.82. Regency Centers Corporation has a one year low of $63.44 and a one year high of $78.18.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.16 EPS for the quarter, beating 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 net margin of 27.00% and a return on equity of 6.05%. The company's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.06 earnings per share. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. As a group, equities analysts predict that Regency Centers Corporation will post 4.54 EPS for the current year.

Regency Centers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be paid a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Thursday, September 11th. Regency Centers's dividend payout ratio (DPR) is currently 131.78%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on REG. Truist Financial increased their price objective 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 raised their target price on shares of Regency Centers from $74.00 to $77.00 and gave the company an "outperform" rating in a research report on Wednesday, August 20th. Barclays initiated coverage on shares of Regency Centers in a research report on Wednesday, July 2nd. They issued an "equal weight" rating and a $77.00 target price for the company. Robert W. Baird raised their target price on shares of Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Finally, Wall Street Zen downgraded shares of Regency Centers from a "hold" rating to a "sell" rating in a research report on Saturday, July 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $78.58.

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.

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