Regency Centers Corporation $REG Shares Sold by 1832 Asset Management L.P.

Key Points

• 1832 Asset Management L.P. has reduced its stake in Regency Centers Corporation (NASDAQ: REG) by 20.4% in the first quarter, selling 59,999 shares, leaving it with about 0.13% of the company worth $17.26 million.
• Institutional investors and hedge funds own a significant 96.07% of the company's stock, indicating strong institutional support for Regency Centers.
• Regency Centers recently announced a quarterly dividend of $0.705 per share, equating to an annual yield of 3.9%, despite a high dividend payout ratio of 131.78%.

1832 Asset Management L.P. lowered its stake in Regency Centers Corporation (NASDAQ:REG - Free Report) by 20.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 234,045 shares of the company's stock after selling 59,999 shares during the quarter. 1832 Asset Management L.P. owned about 0.13% of Regency Centers worth $17,263,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Caitong International Asset Management Co. Ltd lifted its holdings in Regency Centers by 42.3% in 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 during the period. State of Wyoming lifted its holdings in Regency Centers by 11.3% in the fourth quarter. State of Wyoming now owns 1,543 shares of the company's stock worth $114,000 after purchasing an additional 157 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in Regency Centers by 1.7% in the first quarter. Crossmark Global Holdings Inc. now owns 9,627 shares of the company's stock worth $710,000 after purchasing an additional 160 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in Regency Centers by 4.1% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,260 shares of the company's stock worth $314,000 after purchasing an additional 169 shares during the period. Finally, Proficio Capital Partners LLC lifted its holdings in Regency Centers by 4.6% in the first quarter. Proficio Capital Partners LLC now owns 3,847 shares of the company's stock worth $284,000 after purchasing an additional 170 shares during the period. Institutional investors and hedge funds own 96.07% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on REG. Wall Street Zen downgraded shares of Regency Centers from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. Barclays assumed 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 target on the stock. Mizuho boosted their price target on shares of Regency Centers from $74.00 to $77.00 and gave the stock an "outperform" rating in a research report on Wednesday. Robert W. Baird boosted their price target on shares of Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Finally, Scotiabank dropped 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 report on Monday, May 12th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $78.58.

Regency Centers Price Performance

REG stock opened at $72.35 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. Regency Centers Corporation has a one year low of $63.44 and a one year high of $78.18. The firm has a market capitalization of $13.14 billion, a PE ratio of 33.81, a P/E/G ratio of 3.13 and a beta of 1.05. The firm has a 50-day moving average of $70.96 and a two-hundred day moving average of $71.82.

Regency Centers (NASDAQ:REG - Get Free Report) last posted 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 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 analyst estimates of $366.35 million. During the same period in the prior year, the firm earned $1.06 earnings per share. The business's quarterly 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. On average, analysts forecast that Regency Centers Corporation will post 4.54 earnings per share for the current year.

Regency Centers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be paid a dividend of $0.705 per share. The ex-dividend date of this dividend is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.