Nomura Holdings Inc. Increases Position in Regency Centers Corporation $REG

Key Points

• Nomura Holdings Inc. has increased its investment in Regency Centers Corporation by 67%, now holding approximately $2.99 million worth of shares, reflecting growing institutional interest in the company.
• Analysts project a positive outlook for Regency Centers, with target price increases from firms such as Wells Fargo and Robert W. Baird, indicating bullish sentiments on the stock's performance.
• The company recently reported earnings beating estimates, with a net margin of 27% and set a FY 2025 guidance for earnings per share between 4.590 and 4.630.

Nomura Holdings Inc. boosted its holdings in Regency Centers Corporation (NASDAQ:REG - Free Report) by 67.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,661 shares of the company's stock after buying an additional 16,313 shares during the period. Nomura Holdings Inc.'s holdings in Regency Centers were worth $2,999,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Wayfinding Financial LLC bought a new position in shares of Regency Centers in the first quarter worth $25,000. Heck Capital Advisors LLC bought a new stake in shares of Regency Centers during the 4th quarter valued at about $26,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Regency Centers by 42.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company's stock valued at $37,000 after buying an additional 150 shares in the last quarter. Sentry Investment Management LLC bought a new stake in shares of Regency Centers in the 1st quarter worth approximately $38,000. Finally, GKV Capital Management Co. Inc. purchased a new position in shares of Regency Centers in the 1st quarter worth about $40,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

Regency Centers Price Performance

Shares of NASDAQ:REG traded up $0.12 during trading on Friday, hitting $73.68. 848,751 shares of the company's stock were exchanged, compared to its average volume of 1,105,420. Regency Centers Corporation has a 52-week low of $63.44 and a 52-week high of $78.18. The business's 50-day simple moving average is $71.24 and its 200 day simple moving average is $71.76. 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 market cap of $13.38 billion, a price-to-earnings ratio of 34.43, a PEG ratio of 3.12 and a beta of 1.09.

Regency Centers (NASDAQ:REG - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $1.16 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $366.35 million. During the same quarter last year, the business posted $1.06 earnings per share. The firm's revenue was up 6.6% on a year-over-year basis. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be given a $0.705 dividend. The ex-dividend date is Thursday, September 11th. This represents a $2.82 dividend on an annualized basis and a yield of 3.8%. Regency Centers's dividend payout ratio (DPR) is currently 131.78%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on REG shares. Wells Fargo & Company boosted their price objective on shares of Regency Centers from $79.00 to $81.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. Barclays lifted their price objective on Regency Centers from $77.00 to $79.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 27th. Scotiabank upped their target price on shares of Regency Centers from $75.00 to $76.00 and gave the company a "sector perform" rating in a research note on Thursday, August 28th. Robert W. Baird lifted their price target on shares of Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Finally, Truist Financial raised their target price on shares of Regency Centers from $79.00 to $81.00 and gave the stock a "buy" rating in a report on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus 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.