4,272 Shares in Regency Centers Corporation $REG Acquired by MBB Public Markets I LLC

Key Points

• MBB Public Markets I LLC acquired 4,272 shares of Regency Centers Corporation, valued at approximately $315,000, during the first quarter.
• Regency Centers reported a quarterly earnings per share (EPS) of $1.16, exceeding analysts' estimates of $1.12, with revenues hitting $369.85 million.
• The company declared a quarterly dividend of $0.705 per share, representing an annualized dividend of $2.82 and a yield of 3.9%.

MBB Public Markets I LLC bought a new stake in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,272 shares of the company's stock, valued at approximately $315,000.

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on REG. Scotiabank raised their target price on Regency Centers from $75.00 to $76.00 and gave the company a "sector perform" rating in a report on Thursday, August 28th. Truist Financial increased their price target on Regency Centers from $79.00 to $81.00 and gave the company a "buy" rating in a research report on Friday, August 15th. Wells Fargo & Company increased their price target on Regency Centers from $79.00 to $81.00 and gave the company an "overweight" rating in a research report on Wednesday, August 27th. LADENBURG THALM/SH SH began coverage on Regency Centers in a research report on Tuesday. They issued a "neutral" rating and a $76.00 price target on the stock. Finally, Robert W. Baird increased their price target 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 equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Regency Centers currently has an average rating of "Moderate Buy" and an average target price of $78.67.

Regency Centers Stock Down 1.2%

Shares of NASDAQ REG traded down $0.90 during midday trading on Friday, hitting $71.34. 1,193,470 shares of the company's stock were exchanged, compared to its average volume of 1,058,824. The firm's fifty day simple moving average is $71.43 and its 200-day simple moving average is $71.71. The company has a market cap of $12.95 billion, a PE ratio of 33.34, a P/E/G ratio of 3.12 and a beta of 1.09. Regency Centers Corporation has a twelve month low of $63.44 and a twelve month high of $78.18. 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 (NASDAQ:REG - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 6.05% and a net margin of 27.00%.The firm's revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.06 earnings per share. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. Research analysts predict that Regency Centers Corporation will post 4.54 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be paid a dividend of $0.705 per share. The ex-dividend date is Thursday, September 11th. This represents a $2.82 annualized dividend and a yield of 4.0%. Regency Centers's payout ratio is presently 131.78%.

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.