Raymond James Financial Inc. Purchases 23,209 Shares of Regency Centers Corporation $REG

Key Points

• Raymond James Financial Inc. increased its stake in Regency Centers Corporation by 14.4%, holding 184,511 shares worth approximately $13.61 million as of the latest SEC disclosure.
• Recent analyst ratings for REG include a change from "hold" to "sell" by Wall Street Zen, while Robert W. Baird and Truist Financial raised their price targets for the stock to $80.00 and $81.00 respectively.
• Regency Centers announced a quarterly dividend of $0.705 per share, resulting in an annualized dividend yield of 3.9%, with the ex-dividend date set for September 11th.

Raymond James Financial Inc. increased its holdings in Regency Centers Corporation (NASDAQ:REG - Free Report) by 14.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 184,511 shares of the company's stock after purchasing an additional 23,209 shares during the period. Raymond James Financial Inc. owned 0.10% of Regency Centers worth $13,610,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Wayfinding Financial LLC purchased a new position in Regency Centers in the 1st quarter worth approximately $25,000. Heck Capital Advisors LLC purchased a new stake in shares of Regency Centers during the 4th quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd raised 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 worth $37,000 after acquiring 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 worth approximately $38,000. Finally, GKV Capital Management Co. Inc. purchased a new stake in shares of Regency Centers during the 1st quarter worth approximately $40,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on REG. Wall Street Zen cut Regency Centers from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. Scotiabank upped their price objective on Regency Centers from $75.00 to $76.00 and gave the stock a "sector perform" rating in a report on Thursday. Robert W. Baird upped their price objective on Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Mizuho upped their price objective on Regency Centers from $74.00 to $77.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. Finally, Truist Financial upped their price objective on Regency Centers from $79.00 to $81.00 and gave the stock a "buy" rating in a report on Friday, August 15th. 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. Based on data from MarketBeat, Regency Centers has an average rating of "Moderate Buy" and an average price target of $79.00.

Regency Centers Trading Up 0.4%

Shares of NASDAQ REG traded up $0.29 during trading hours on Monday, hitting $72.50. 1,029,758 shares of the company traded hands, compared to its average volume of 1,200,161. The stock has a market capitalization of $13.16 billion, a price-to-earnings ratio of 33.88, a price-to-earnings-growth ratio of 3.13 and a beta of 1.09. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. The company's 50 day moving average price is $71.13 and its 200 day moving average price is $71.74. Regency Centers Corporation has a 12 month low of $63.44 and a 12 month high of $78.18.

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, beating the consensus estimate of $1.12 by $0.04. The firm had revenue of $369.85 million for the quarter, compared to the consensus estimate of $366.35 million. Regency Centers had a return on equity of 6.05% and a net margin of 27.00%.The company's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.06 EPS. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. On average, equities research analysts anticipate that Regency Centers Corporation will post 4.54 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

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