Regency Centers Corporation $REG Shares Sold by DekaBank Deutsche Girozentrale

Key Points

• DekaBank Deutsche Girozentrale reduced its stake in Regency Centers Corporation by 31.4%, owning 80,078 shares after selling 36,648 shares in the second quarter.
• Regency Centers Corporation reported $1.16 earnings per share for the last quarter, exceeding analysts' estimates of $1.12, alongside a year-over-year revenue increase of 6.6%.
• The company has a dividend yield of 3.9%, with a recent quarterly dividend of $0.705 per share, though its payout ratio stands at 131.78%.

DekaBank Deutsche Girozentrale lowered its stake in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 31.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,078 shares of the company's stock after selling 36,648 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Regency Centers were worth $5,640,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in REG. Janney Montgomery Scott LLC grew its position in shares of 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 buying an additional 283 shares in the last quarter. Lecap Asset Management Ltd. acquired a new position in Regency Centers in the first quarter worth $611,000. Robeco Institutional Asset Management B.V. boosted its holdings in Regency Centers by 164.8% in the first quarter. Robeco Institutional Asset Management B.V. now owns 443,723 shares of the company's stock worth $32,729,000 after purchasing an additional 276,174 shares during the period. Achmea Investment Management B.V. boosted its holdings in Regency Centers by 56.7% in the first quarter. Achmea Investment Management B.V. now owns 15,655 shares of the company's stock worth $1,155,000 after purchasing an additional 5,665 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Regency Centers by 14.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,322 shares of the company's stock worth $2,210,000 after purchasing an additional 3,857 shares during the period. Institutional investors and hedge funds own 96.07% of the company's stock.

Regency Centers Stock Performance

REG stock opened at $72.64 on Friday. 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 market capitalization of $13.19 billion, a price-to-earnings ratio of 33.94, a PEG ratio of 3.00 and a beta of 1.09. Regency Centers Corporation has a 1 year low of $63.44 and a 1 year high of $78.18. The stock's fifty day moving average is $71.80 and its two-hundred day moving average is $71.43.

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, 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 business had revenue of $369.85 million for the quarter, compared to analysts' expectations of $366.35 million. During the same period in the previous year, the business earned $1.06 earnings per share. The company'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. On average, research analysts predict that Regency Centers Corporation will post 4.54 EPS for the current year.

Regency Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were paid 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 was Thursday, September 11th. Regency Centers's payout ratio is currently 131.78%.

Wall Street Analyst Weigh In

REG has been the subject of a number of research reports. Barclays lifted their price objective on shares of Regency Centers from $79.00 to $83.00 and gave the stock an "equal weight" rating in a report on Monday, October 6th. Wells Fargo & Company lifted their price objective on shares of Regency Centers from $81.00 to $82.00 and gave the stock an "overweight" rating in a report on Tuesday. Evercore ISI lifted their price objective on shares of Regency Centers from $76.00 to $77.00 and gave the stock an "in-line" rating in a report on Monday, September 15th. Robert W. Baird raised 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. Finally, Wall Street Zen upgraded Regency Centers from a "sell" rating to a "hold" rating in a research note on Saturday, October 4th. Seven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Regency Centers currently has an average rating of "Moderate Buy" and an average target price of $79.10.

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.

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