Public Employees Retirement System of Ohio Raises Stock Position in Regency Centers Corporation $REG

Key Points

• The Public Employees Retirement System of Ohio increased its stake in Regency Centers Corporation by 1.3%, owning approximately 292,830 shares worth $20.86 million as of the latest filing.
• Regency Centers reported $1.16 earnings per share for the last quarter, exceeding estimates, and set FY 2025 guidance between $4.590-4.630 EPS.
• The company announced a quarterly dividend of $0.705 per share, equivalent to an annualized yield of 4.0%, with a current dividend payout ratio of 131.78%.

Public Employees Retirement System of Ohio lifted its holdings in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 1.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 292,830 shares of the company's stock after acquiring an additional 3,820 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.16% of Regency Centers worth $20,858,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in REG. Wayfinding Financial LLC acquired a new position in shares of Regency Centers during the first quarter worth about $25,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Regency Centers by 42.3% in the first 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 purchased a new stake in shares of Regency Centers during the 1st quarter valued at about $38,000. GKV Capital Management Co. Inc. acquired a new position in Regency Centers during the 1st quarter worth approximately $40,000. Finally, National Pension Service lifted its position in Regency Centers by 75.2% during the 1st quarter. National Pension Service now owns 643 shares of the company's stock worth $47,000 after acquiring an additional 276 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Regency Centers Trading Down 0.4%

REG opened at $71.07 on Friday. 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 $12.90 billion, a PE ratio of 33.21, a P/E/G ratio of 3.08 and a beta of 1.09. The firm's fifty day moving average price is $71.66 and its 200 day moving average price is $71.40.

Regency Centers (NASDAQ:REG - Get Free Report) last released 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 company had revenue of $369.85 million during the quarter, compared to the consensus estimate of $366.35 million. Regency Centers had a net margin of 27.00% and a return on equity of 6.05%. The company's revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.06 EPS. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. As a group, research analysts expect that Regency Centers Corporation will post 4.54 EPS for the current fiscal year.

Regency Centers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders 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 dividend payout ratio is presently 131.78%.

Analyst Upgrades and Downgrades

REG has been the subject of several recent research reports. Evercore ISI increased their price objective 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. Wall Street Zen lowered shares of Regency Centers from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. Barclays lifted their price target on shares of Regency Centers from $77.00 to $79.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 27th. Robert W. Baird upped their price objective 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. Finally, LADENBURG THALM/SH SH started coverage on Regency Centers in a research report on Tuesday, September 9th. They set a "neutral" rating and a $76.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Regency Centers currently has a consensus rating of "Moderate Buy" and a consensus target price of $78.73.

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.

Want to see what other hedge funds are holding REG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Regency Centers Corporation (NASDAQ:REG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.