Regency Centers Corporation $REG Stock Position Raised by Aberdeen Group plc

Key Points

• Aberdeen Group plc increased its stake in Regency Centers Corporation by 17.3%, owning 561,619 shares valued at approximately $41.13 million as of the latest SEC filing.
• Several hedge funds, including JPMorgan Chase & Co. and Invesco Ltd., have raised their stakes in Regency Centers, indicating strong institutional interest in the stock.
• Wall Street analysts currently hold a mixed view of Regency Centers, with a consensus rating of "Moderate Buy" and an average price target of $78.33.

Aberdeen Group plc lifted its holdings in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 17.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 561,619 shares of the company's stock after acquiring an additional 82,688 shares during the quarter. Aberdeen Group plc owned about 0.31% of Regency Centers worth $41,127,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Wayfinding Financial LLC acquired a new position in Regency Centers in the 1st quarter worth $25,000. Heck Capital Advisors LLC acquired a new position in Regency Centers in the 4th quarter worth $26,000. TD Waterhouse Canada Inc. lifted its holdings in Regency Centers by 48,700.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock worth $36,000 after buying an additional 487 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in Regency Centers by 42.3% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company's stock worth $37,000 after buying an additional 150 shares in the last quarter. Finally, Sentry Investment Management LLC acquired a new position in Regency Centers in the 1st quarter worth $38,000. Institutional investors and hedge funds own 96.07% of the company's stock.

Regency Centers Stock Up 2.0%

Shares of Regency Centers stock traded up $1.44 during trading on Tuesday, reaching $71.78. The company had a trading volume of 1,244,086 shares, compared to its average volume of 1,237,698. The company has a market cap of $13.03 billion, a price-to-earnings ratio of 33.54, a price-to-earnings-growth ratio of 3.38 and a beta of 1.05. The firm's fifty day moving average is $70.90 and its 200-day moving average is $71.83. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.13. Regency Centers Corporation has a fifty-two week low of $63.44 and a fifty-two week high of $78.18.

Regency Centers (NASDAQ:REG - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $1.16 earnings per share (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 business had revenue of $369.85 million for the quarter, compared to analyst estimates of $366.35 million. During the same quarter in the prior year, the business posted $1.06 EPS. The company'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. On average, analysts anticipate that Regency Centers Corporation will post 4.54 EPS for the current year.

Regency Centers Announces Dividend

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

Insider Buying and Selling at Regency Centers

In related news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the business's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $72.44, for a total transaction of $301,205.52. Following the completion of the sale, the insider owned 33,069 shares of the company's stock, valued at $2,395,518.36. This represents a 11.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on REG shares. Wall Street Zen lowered shares of Regency Centers from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. Scotiabank cut their price objective on shares of Regency Centers from $76.00 to $75.00 and set a "sector perform" rating on the stock in a report on Monday, May 12th. Barclays started coverage on shares of Regency Centers in a report on Wednesday, July 2nd. They issued an "equal weight" rating and a $77.00 price objective on the stock. Evercore ISI boosted their price objective on shares of Regency Centers from $79.00 to $80.00 and gave the stock an "in-line" rating in a report on Wednesday, July 30th. Finally, Robert W. Baird boosted their price objective on shares of Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $78.33.

Regency Centers 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.