Regency Centers Corporation $REG Shares Bought by Martingale Asset Management L P

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

Other hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. boosted its holdings in Regency Centers by 3.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 120,960 shares of the company's stock worth $8,922,000 after acquiring an additional 3,773 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Regency Centers by 14.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,322 shares of the company's stock worth $2,210,000 after purchasing an additional 3,857 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Regency Centers by 7.1% in the first quarter. Janney Montgomery Scott LLC now owns 4,296 shares of the company's stock valued at $317,000 after purchasing an additional 283 shares during the period. Teacher Retirement System of Texas grew its holdings in Regency Centers by 46.2% during the 1st quarter. Teacher Retirement System of Texas now owns 29,633 shares of the company's stock valued at $2,186,000 after purchasing an additional 9,359 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in Regency Centers by 43.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,435 shares of the company's stock worth $106,000 after buying an additional 432 shares during the period. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Regency Centers Stock Performance

NASDAQ:REG traded up $0.29 during mid-day trading on Friday, hitting $72.50. The stock had a trading volume of 1,029,758 shares, compared to its average volume of 1,205,755. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. The company has a 50 day simple moving average of $71.12 and a 200-day simple moving average of $71.77. The stock has a market capitalization of $13.16 billion, a price-to-earnings ratio of 33.88, a P/E/G ratio of 3.13 and a beta of 1.05. Regency Centers Corporation has a 52 week low of $63.44 and a 52 week high of $78.18.

Regency Centers (NASDAQ:REG - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $1.16 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.04. Regency Centers had a return on equity of 6.05% and a net margin of 27.00%.The company had revenue of $369.85 million for the quarter, compared to analysts' expectations of $366.35 million. During the same quarter in the previous year, the company posted $1.06 earnings per share. The business's revenue for the quarter 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. On average, research analysts expect that Regency Centers Corporation will post 4.54 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders 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 yield of 3.9%. The ex-dividend date of this dividend is Thursday, September 11th. Regency Centers's dividend payout ratio (DPR) is presently 131.78%.

Analyst Ratings Changes

Several research firms recently issued reports on REG. Mizuho increased their price objective on shares of Regency Centers from $74.00 to $77.00 and gave the company an "outperform" rating in a research note on Wednesday, August 20th. Evercore ISI increased 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. Robert W. Baird lifted their price target on Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Barclays increased their target price on Regency Centers from $77.00 to $79.00 and gave the stock an "equal weight" rating in a report on Wednesday. Finally, Truist Financial boosted their price target on Regency Centers from $79.00 to $81.00 and gave the company a "buy" rating in a report on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, Regency Centers presently has an average rating of "Moderate Buy" and an average price target of $79.00.

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.