Regency Centers Corporation $REG Shares Sold by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC reduced its stake in Regency Centers by 4.9%, owning 1,107,221 shares after selling 57,117 shares, which valued their holding at approximately $81.6 million.
• Regency Centers reported an earnings per share (EPS) of $1.16 for the last quarter, surpassing expectations, and has set its FY 2025 guidance between $4.590-4.630 EPS.
• The company announced a quarterly dividend of $0.705 per share, reflecting a 3.9% yield, with a payout ratio currently at 131.78%.

Hsbc Holdings PLC reduced its position in Regency Centers Corporation (NASDAQ:REG - Free Report) by 4.9% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,107,221 shares of the company's stock after selling 57,117 shares during the quarter. Hsbc Holdings PLC owned about 0.61% of Regency Centers worth $81,644,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of REG. Wayfinding Financial LLC purchased a new stake in shares of Regency Centers in the first quarter valued at about $25,000. Heck Capital Advisors LLC acquired a new stake in Regency Centers in the fourth quarter valued at about $26,000. TD Waterhouse Canada Inc. boosted its holdings in Regency Centers by 48,700.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock valued at $36,000 after purchasing an additional 487 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of Regency Centers by 42.3% in the first quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company's stock valued at $37,000 after buying an additional 150 shares in the last quarter. Finally, Sentry Investment Management LLC acquired a new position in Regency Centers during the first quarter worth $38,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

Analysts Set New Price Targets

REG has been the subject of a number of recent analyst reports. 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 report on Wednesday, July 30th. Scotiabank cut their price target on shares of Regency Centers from $76.00 to $75.00 and set a "sector perform" rating for the company in a report on Monday, May 12th. Mizuho raised their price objective on shares of Regency Centers from $74.00 to $77.00 and gave the company an "outperform" rating in a research note on Wednesday. Evercore ISI upped their target price on shares of Regency Centers from $79.00 to $80.00 and gave the stock an "in-line" rating in a research report on Wednesday, July 30th. Finally, Wall Street Zen cut shares of Regency Centers from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Regency Centers currently has a consensus rating of "Moderate Buy" and an average target price of $78.58.

Regency Centers Price Performance

NASDAQ REG traded up $1.13 during trading hours on Friday, reaching $72.35. The company's stock had a trading volume of 1,314,932 shares, compared to its average volume of 1,257,938. 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 company's 50-day moving average is $70.96 and its two-hundred day moving average is $71.82. Regency Centers Corporation has a fifty-two week low of $63.44 and a fifty-two week high of $78.18. The stock has a market cap of $13.14 billion, a PE ratio of 33.81, a PEG ratio of 3.13 and a beta of 1.05.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $1.16 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $366.35 million. During the same quarter in the previous year, the business posted $1.06 earnings per share. The firm's quarterly revenue was up 6.6% compared to the same quarter last year. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. Analysts forecast that Regency Centers Corporation will post 4.54 EPS for the current year.

Regency Centers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be given a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Thursday, September 11th. Regency Centers's payout ratio is currently 131.78%.

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.