MBB Public Markets I LLC Purchases New Stake in Regency Centers Corporation $REG

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 acquired a new position in Regency Centers Corporation (NASDAQ:REG - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,272 shares of the company's stock, valued at approximately $315,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Ascent Group LLC bought a new stake in shares of Regency Centers in the first quarter valued at approximately $259,000. Adelante Capital Management LLC boosted its position in shares of Regency Centers by 5.6% in the first quarter. Adelante Capital Management LLC now owns 348,468 shares of the company's stock valued at $25,703,000 after acquiring an additional 18,444 shares during the period. Presima Securities ULC boosted its position in shares of Regency Centers by 1.6% in the first quarter. Presima Securities ULC now owns 46,612 shares of the company's stock valued at $3,438,000 after acquiring an additional 732 shares during the period. UniSuper Management Pty Ltd boosted its position in shares of Regency Centers by 0.3% in the first quarter. UniSuper Management Pty Ltd now owns 78,464 shares of the company's stock valued at $5,788,000 after acquiring an additional 200 shares during the period. Finally, Nissay Asset Management Corp Japan ADV boosted its position in shares of Regency Centers by 1.1% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 44,489 shares of the company's stock valued at $3,282,000 after acquiring an additional 489 shares during the period. Institutional investors and hedge funds own 96.07% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Mizuho raised their target price on Regency Centers from $74.00 to $77.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 20th. Evercore ISI lifted their price objective on Regency Centers from $76.00 to $77.00 and gave the company an "in-line" rating in a report on Monday. Scotiabank lifted their price objective on Regency Centers from $75.00 to $76.00 and gave the company a "sector perform" rating in a report on Thursday, August 28th. Robert W. Baird raised their target price on Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Finally, Barclays lifted their price objective on Regency Centers from $77.00 to $79.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 27th. One 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's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $78.42.

Regency Centers Stock Down 0.1%

Shares of REG traded down $0.09 on Monday, hitting $71.26. The company's stock had a trading volume of 275,828 shares, compared to its average volume of 1,101,453. 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's fifty day moving average price is $71.43 and its 200-day moving average price is $71.65. Regency Centers Corporation has a fifty-two week low of $63.44 and a fifty-two week high of $78.18. The firm has a market capitalization of $12.94 billion, a price-to-earnings ratio of 33.27, a P/E/G ratio of 3.08 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, beating the consensus estimate of $1.12 by $0.04. The firm had revenue of $369.85 million for 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 business's quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.06 EPS. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. On average, equities research analysts expect that Regency Centers Corporation will post 4.54 EPS for the current year.

Regency Centers Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Thursday, September 11th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 4.0%. Regency Centers's dividend payout ratio is currently 131.78%.

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.