Naviter Wealth LLC Invests $615,000 in Regency Centers Corporation $REG

Key Points

• Naviter Wealth LLC has invested approximately $615,000 in Regency Centers Corporation by purchasing 8,612 shares of its stock.
• Several other institutional investors, including Nuveen LLC and Wellington Management Group LLP, have significantly increased their stakes during the first quarter, indicating strong interest in Regency Centers.
• The company declared a quarterly dividend of $0.705 per share, representing a 3.9% annualized yield, despite a high dividend payout ratio of 131.78%.

Naviter Wealth LLC bought a new position in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,612 shares of the company's stock, valued at approximately $615,000.

A number of other large investors have also modified their holdings of REG. Nuveen LLC purchased a new stake in shares of Regency Centers during the first quarter worth $182,926,000. Wellington Management Group LLP grew its holdings in shares of Regency Centers by 2,846.0% during the first quarter. Wellington Management Group LLP now owns 1,256,228 shares of the company's stock worth $92,659,000 after buying an additional 1,213,586 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC grew its holdings in shares of Regency Centers by 63.5% during 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 buying an additional 979,126 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Regency Centers by 9.8% during the first quarter. Invesco Ltd. now owns 5,899,497 shares of the company's stock worth $435,147,000 after buying an additional 525,047 shares in the last quarter. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of Regency Centers during the first quarter worth $32,136,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on REG shares. Barclays upped their target price on shares of Regency Centers from $79.00 to $83.00 and gave the stock an "equal weight" rating in a report on Monday, October 6th. Evercore ISI boosted their price target on shares of Regency Centers from $76.00 to $77.00 and gave the company an "in-line" rating in a research report on Monday, September 15th. Robert W. Baird boosted their price target 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. Wall Street Zen raised shares of Regency Centers from a "sell" rating to a "hold" rating in a research report on Saturday, October 4th. Finally, LADENBURG THALM/SH SH assumed coverage on shares of Regency Centers in a research report on Tuesday, September 9th. They set a "neutral" rating and a $76.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $79.09.

Regency Centers Trading Up 0.5%

NASDAQ REG opened at $71.81 on Wednesday. The firm's 50-day moving average is $71.74 and its two-hundred day moving average is $71.36. Regency Centers Corporation has a 12 month low of $63.44 and a 12 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. The stock has a market capitalization of $13.04 billion, a P/E ratio of 33.56, a PEG ratio of 3.08 and a beta of 1.09.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its 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. Regency Centers had a net margin of 27.00% and a return on equity of 6.05%. 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 prior year, the company posted $1.06 earnings per share. Regency Centers'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, sell-side analysts anticipate that Regency Centers Corporation will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were given a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Thursday, September 11th. Regency Centers's dividend payout ratio is currently 131.78%.

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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