Regency Centers Corporation $REG Shares Purchased by QRG Capital Management Inc.

Key Points

• QRG Capital Management Inc. increased its stake in Regency Centers Corporation by 4.3%, holding 84,329 shares valued at approximately $6 million.
• Multiple institutional investors have also raised their stakes in Regency Centers, leading to 96.07% of the company's stock now being owned by institutional investors and hedge funds.
• Regency Centers recently declared a quarterly dividend of $0.705, resulting in an annualized yield of 3.9%, with a current dividend payout ratio of 131.78%.

QRG Capital Management Inc. boosted its holdings in Regency Centers Corporation (NASDAQ:REG - Free Report) by 4.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 84,329 shares of the company's stock after purchasing an additional 3,490 shares during the quarter. QRG Capital Management Inc.'s holdings in Regency Centers were worth $6,007,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

REG has been the subject of several research analyst reports. Evercore ISI upped their price target on Regency Centers from $76.00 to $77.00 and gave the stock an "in-line" rating in a research note on Monday, September 15th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Regency Centers in a research note on Saturday, September 27th. LADENBURG THALM/SH SH began coverage on Regency Centers in a research note on Tuesday, September 9th. They issued a "neutral" rating and a $76.00 target price for the company. Wells Fargo & Company increased their target price on Regency Centers from $79.00 to $81.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. Finally, Robert W. Baird increased their target price 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, seven have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Regency Centers has an average rating of "Moderate Buy" and a consensus target price of $78.73.

Regency Centers Trading Down 0.3%

Shares of REG opened at $71.68 on Monday. The company has a market capitalization of $13.01 billion, a P/E ratio of 33.50, a P/E/G ratio of 3.10 and a beta of 1.09. Regency Centers Corporation has a one year low of $63.44 and a one year high of $78.18. 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 stock has a 50-day moving average price of $71.80 and a 200 day moving average price of $71.40.

Regency Centers (NASDAQ:REG - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.16 EPS for the quarter, beating analysts' consensus estimates of $1.12 by $0.04. The firm had revenue of $369.85 million during 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%.Regency Centers's revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.06 earnings per share. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. Sell-side analysts forecast that Regency Centers Corporation will post 4.54 EPS for the current fiscal year.

Regency Centers Announces Dividend

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