Regency Centers Corporation $REG Shares Purchased by Northern Trust Corp

Key Points

• Northern Trust Corp increased its stake in Regency Centers Corporation by 3.1% during the first quarter, purchasing an additional 87,078 shares, making its total ownership approximately 1.58% of the company valued at $211.6 million.
• Regency Centers reported a quarterly earnings per share of $1.16, exceeding analysts' estimates, with revenues up by 6.6% year-over-year, and provided FY 2025 guidance of 4.590-4.630 EPS.
• The company announced a quarterly dividend of $0.705 per share, with an annualized payout of $2.82 representing a yield of 4.0%, although it has a high dividend payout ratio of 131.78%.

Northern Trust Corp lifted its stake in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 3.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,868,692 shares of the company's stock after purchasing an additional 87,078 shares during the period. Northern Trust Corp owned about 1.58% of Regency Centers worth $211,595,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Wayfinding Financial LLC purchased a new stake in shares of Regency Centers during the first quarter worth about $25,000. Heck Capital Advisors LLC purchased a new stake in shares of Regency Centers during the fourth quarter worth about $26,000. TD Waterhouse Canada Inc. increased its stake in shares of Regency Centers by 48,700.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock worth $36,000 after purchasing an additional 487 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of Regency Centers by 42.3% during the first quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company's stock worth $37,000 after purchasing an additional 150 shares in the last quarter. Finally, GKV Capital Management Co. Inc. purchased a new stake in Regency Centers during the 1st quarter valued at about $40,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

Regency Centers Trading Up 1.6%

Shares of Regency Centers stock traded up $1.13 during mid-day trading on Friday, hitting $72.35. The stock had a trading volume of 1,314,932 shares, compared to its average volume of 1,278,783. The firm has a 50-day moving average of $70.96 and a two-hundred day moving average of $71.82. Regency Centers Corporation has a 12-month low of $63.44 and a 12-month high of $78.18. 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 has a market cap of $13.14 billion, a P/E ratio of 16.19, a price-to-earnings-growth ratio of 3.13 and a beta of 1.05.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.04. Regency Centers had a net margin of 27.00% and a return on equity of 6.05%. The business had revenue of $369.85 million during the quarter, compared to analysts' expectations of $366.35 million. During the same quarter in the prior year, the company posted $1.06 EPS. The business's revenue for the quarter was up 6.6% on a year-over-year basis. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. Sell-side analysts forecast that Regency Centers Corporation will post 4.54 earnings per share for the current year.

Regency Centers Announces Dividend

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

Analysts Set New Price Targets

Several analysts recently issued reports on REG shares. Truist Financial upped their price objective on shares of Regency Centers from $79.00 to $81.00 and gave the company a "buy" rating in a research note on Friday, August 15th. Evercore ISI upped their price objective on shares of Regency Centers from $79.00 to $80.00 and gave the company an "in-line" rating in a research note on Wednesday, July 30th. Barclays started coverage on shares of Regency Centers in a research note on Wednesday, July 2nd. They set an "equal weight" rating and a $77.00 price objective for the company. Scotiabank dropped their price objective on shares of Regency Centers from $76.00 to $75.00 and set a "sector perform" rating for the company in a research note on Monday, May 12th. Finally, Mizuho upped 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. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $78.58.

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.