Regency Centers Corporation $REG Position Lowered 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. lessened its holdings in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 20.4% during the first quarter, according to the company in its most recent 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 approximately 0.13% of Regency Centers worth $17,263,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd increased its holdings in shares of Regency Centers by 42.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company's stock worth $37,000 after buying an additional 150 shares during the last quarter. State of Wyoming increased its holdings in shares of Regency Centers by 11.3% during the 4th quarter. State of Wyoming now owns 1,543 shares of the company's stock worth $114,000 after buying an additional 157 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Regency Centers by 1.7% during the 1st quarter. Crossmark Global Holdings Inc. now owns 9,627 shares of the company's stock worth $710,000 after buying an additional 160 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in shares of Regency Centers by 4.1% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,260 shares of the company's stock worth $314,000 after buying an additional 169 shares during the last quarter. Finally, Proficio Capital Partners LLC increased its holdings in shares of Regency Centers by 4.6% during the 1st quarter. Proficio Capital Partners LLC now owns 3,847 shares of the company's stock worth $284,000 after buying an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Regency Centers Stock Up 0.3%

NASDAQ:REG traded up $0.24 on Friday, reaching $72.45. The stock had a trading volume of 162,466 shares, compared to its average volume of 1,099,073. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. The company has a 50-day moving average of $71.09 and a 200 day moving average of $71.80. The stock has a market cap of $13.15 billion, a P/E ratio of 33.87, a price-to-earnings-growth ratio of 3.13 and a beta of 1.05. Regency Centers Corporation has a 12-month low of $63.44 and a 12-month high of $78.18.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.16 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.04. The company had revenue of $369.85 million during the quarter, compared to analysts' expectations of $366.35 million. Regency Centers had a net margin of 27.00% and a return on equity of 6.05%. The firm's revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.06 EPS. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. On average, research analysts predict 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 given a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Thursday, September 11th. Regency Centers's dividend payout ratio is presently 131.78%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. 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 report on Wednesday, July 30th. Wells Fargo & Company increased their price target on Regency Centers from $79.00 to $81.00 and gave the company an "overweight" rating in a report on Wednesday. Wall Street Zen downgraded Regency Centers from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. Barclays increased their price target on Regency Centers from $77.00 to $79.00 and gave the company an "equal weight" rating in a report on Wednesday. Finally, Truist Financial increased their price target on Regency Centers from $79.00 to $81.00 and gave the company a "buy" rating in a report on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Regency Centers presently has an average rating of "Moderate Buy" and an average price target of $79.00.

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.