Korea Investment CORP Has $11.84 Million Stock Position in Regency Centers Corporation $REG

Key Points

• Korea Investment CORP increased its stake in Regency Centers Corporation by 46.2%, owning approximately 0.09% of the company worth $11.84 million after purchasing an additional 50,701 shares in Q1.
• Regency Centers reported $1.16 earnings per share for the latest quarter, surpassing analysts' expectations of $1.12 and marking a 6.6% revenue increase year-over-year.
• The company announced a quarterly dividend of $0.705 per share, which will be paid on October 2nd, offering a 4.0% dividend yield based on its current payout ratio of 131.78%.

Korea Investment CORP increased its stake in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 46.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 160,552 shares of the company's stock after acquiring an additional 50,701 shares during the period. Korea Investment CORP owned about 0.09% of Regency Centers worth $11,842,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. JPMorgan Chase & Co. raised its holdings in shares of Regency Centers by 3.9% during the first quarter. JPMorgan Chase & Co. now owns 11,574,170 shares of the company's stock worth $853,711,000 after acquiring an additional 432,399 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Regency Centers by 1.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,440,384 shares of the company's stock valued at $771,859,000 after buying an additional 171,047 shares during the last quarter. Invesco Ltd. increased its stake in Regency Centers by 9.8% in the 1st quarter. Invesco Ltd. now owns 5,899,497 shares of the company's stock valued at $435,147,000 after buying an additional 525,047 shares during the last quarter. Northern Trust Corp increased its stake in Regency Centers by 3.1% in the 1st quarter. Northern Trust Corp now owns 2,868,692 shares of the company's stock valued at $211,595,000 after buying an additional 87,078 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in Regency Centers in the 1st quarter valued at $182,926,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Regency Centers Stock Performance

Regency Centers stock traded up $1.13 during midday trading on Friday, hitting $72.35. The company's stock had a trading volume of 1,314,932 shares, compared to its average volume of 1,278,783. Regency Centers Corporation has a 1-year low of $63.44 and a 1-year 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 company has a 50-day moving average price of $70.96 and a two-hundred day moving average price of $71.82. The company has a market cap of $13.14 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 3.13 and a beta of 1.05.

Regency Centers (NASDAQ:REG - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $369.85 million during the quarter, compared to analysts' expectations of $366.35 million. During the same quarter in the previous year, the company earned $1.06 EPS. The business's revenue was up 6.6% on a year-over-year basis. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. As a group, sell-side analysts predict that Regency Centers Corporation will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be issued 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 131.78%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on REG. Scotiabank lowered their price target on shares of Regency Centers from $76.00 to $75.00 and set a "sector perform" rating on the stock in a research note on Monday, May 12th. Wall Street Zen downgraded shares of Regency Centers from a "hold" rating to a "sell" rating in a research report on Saturday, July 5th. Barclays initiated coverage on shares of Regency Centers in a research report on Wednesday, July 2nd. They issued an "equal weight" rating and a $77.00 price objective for the company. Truist Financial lifted their price objective on shares of Regency Centers from $79.00 to $81.00 and gave the company a "buy" rating in a research report on Friday, August 15th. Finally, Robert W. Baird lifted their target price 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 equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $78.58.

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.