Regency Centers Corporation $REG Shares Sold by Nicola Wealth Management LTD.

Key Points

• Nicola Wealth Management LTD. reduced its stake in Regency Centers Corporation by 20.4%, owning 17,900 shares worth $1,320,000 after selling 4,600 shares in the first quarter.
• Various institutional investors, including Envestnet Asset Management Inc. and Teacher Retirement System of Texas, have increased their holdings in Regency Centers, with a total of 96.07% of the stock now owned by institutional investors.
• Equities analysts have set a new average target price of $78.67 for REG shares, with ratings including one Strong Buy, six Buy, and five Hold.

Nicola Wealth Management LTD. lowered its stake in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 20.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,900 shares of the company's stock after selling 4,600 shares during the period. Nicola Wealth Management LTD.'s holdings in Regency Centers were worth $1,320,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in REG. Wayfinding Financial LLC purchased a new position in Regency Centers during the first quarter valued at approximately $25,000. Heck Capital Advisors LLC purchased a new stake in shares of Regency Centers in the 4th quarter valued at about $26,000. Caitong International Asset Management Co. Ltd grew its holdings 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. Sentry Investment Management LLC bought a new position in shares of Regency Centers in the first quarter worth approximately $38,000. Finally, GKV Capital Management Co. Inc. purchased a new stake in Regency Centers in the first quarter valued at approximately $40,000. Institutional investors own 96.07% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on REG shares. LADENBURG THALM/SH SH began coverage on shares of Regency Centers in a report on Tuesday, September 9th. They issued a "neutral" rating and a $76.00 price target on the stock. 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, August 28th. Robert W. Baird increased their price objective on Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Wall Street Zen downgraded Regency Centers from a "hold" rating to a "sell" rating in a research report on Saturday, July 5th. Finally, Wells Fargo & Company increased their price target on shares of Regency Centers from $79.00 to $81.00 and gave the company an "overweight" rating in a research report on Wednesday, August 27th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $78.42.

Regency Centers Stock Performance

Shares of Regency Centers stock traded up $0.12 on Wednesday, hitting $70.50. 220,530 shares of the company's stock were exchanged, compared to its average volume of 1,101,938. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.13. The company has a 50-day simple moving average of $71.47 and a 200-day simple moving average of $71.61. The stock has a market capitalization of $12.80 billion, a PE ratio of 32.94, a PEG ratio of 3.07 and a beta of 1.09. Regency Centers Corporation has a 1 year low of $63.44 and a 1 year 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 for the quarter, topping 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 company had revenue of $369.85 million during the quarter, compared to the consensus estimate of $366.35 million. During the same quarter in the prior year, the firm posted $1.06 EPS. Regency Centers's quarterly revenue was up 6.6% compared to the same quarter last year. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. As a group, equities analysts anticipate 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 4.0%. Regency Centers's dividend payout ratio (DPR) is currently 131.78%.

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.