Regency Centers Corporation $REG Position Cut 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. trimmed its holdings in Regency Centers Corporation (NASDAQ:REG - Free Report) by 20.4% in the first quarter, according to its most recent 13F filing 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 quarter. Nicola Wealth Management LTD.'s holdings in Regency Centers were worth $1,320,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its holdings in Regency Centers by 3.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 120,960 shares of the company's stock worth $8,922,000 after buying an additional 3,773 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Regency Centers by 14.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,322 shares of the company's stock worth $2,210,000 after buying an additional 3,857 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in Regency Centers by 7.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 4,296 shares of the company's stock worth $317,000 after buying an additional 283 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in Regency Centers by 46.2% in the 1st quarter. Teacher Retirement System of Texas now owns 29,633 shares of the company's stock worth $2,186,000 after buying an additional 9,359 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in Regency Centers by 43.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,435 shares of the company's stock worth $106,000 after buying an additional 432 shares in the last quarter. 96.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on REG shares. Evercore ISI increased their price objective on Regency Centers from $79.00 to $80.00 and gave the stock an "in-line" rating in a report on Wednesday, July 30th. Truist Financial increased their price target on Regency Centers from $79.00 to $81.00 and gave the company a "buy" rating in a research note on Friday, August 15th. Scotiabank increased their price target on Regency Centers from $75.00 to $76.00 and gave the company a "sector perform" rating in a research note on Thursday, August 28th. Barclays increased their price target on Regency Centers from $77.00 to $79.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 27th. Finally, Robert W. Baird increased their price target on Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Regency Centers has a consensus rating of "Moderate Buy" and an average target price of $78.67.

Regency Centers Price Performance

Shares of NASDAQ:REG opened at $72.24 on Friday. Regency Centers Corporation has a one year low of $63.44 and a one year high of $78.18. The stock has a fifty day moving average of $71.42 and a 200-day moving average of $71.73. The company has a market capitalization of $13.12 billion, a PE ratio of 33.76, a price-to-earnings-growth ratio of 3.12 and a beta of 1.09. 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 (NASDAQ:REG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.16 EPS for the quarter, beating analysts' consensus estimates of $1.12 by $0.04. Regency Centers had a return on equity of 6.05% and a net margin of 27.00%.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 earned $1.06 EPS. The company'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 fiscal year.

Regency Centers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders 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 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.

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