Regency Centers Corporation $REG Shares Sold by Price T Rowe Associates Inc. MD

Key Points

• Price T Rowe Associates Inc. reduced its stake in Regency Centers by 5.1%, now owning about 5.46% of the company, worth approximately $730.9 million.
• Analysts have set a consensus target price of $78.58 for Regency Centers, with a mix of ratings including one Strong Buy, seven Buy, and four Hold ratings.
• Regency Centers announced a quarterly dividend of $0.705 per share, with a yield of 3.9% and a high dividend payout ratio of 131.78%.

Price T Rowe Associates Inc. MD cut its position in Regency Centers Corporation (NASDAQ:REG - Free Report) by 5.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,909,644 shares of the company's stock after selling 530,740 shares during the quarter. Price T Rowe Associates Inc. MD owned 5.46% of Regency Centers worth $730,937,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Capital Fund Management S.A. grew its stake in shares of Regency Centers by 147.0% in the first quarter. Capital Fund Management S.A. now owns 88,889 shares of the company's stock valued at $6,556,000 after buying an additional 52,908 shares in the last quarter. Credit Agricole S A grew its stake in shares of Regency Centers by 7.2% in the first quarter. Credit Agricole S A now owns 46,786 shares of the company's stock valued at $3,451,000 after buying an additional 3,136 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its stake in shares of 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 valued at $314,000 after buying an additional 169 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of Regency Centers by 38.6% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,025 shares of the company's stock worth $666,000 after purchasing an additional 2,514 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in Regency Centers by 2,846.0% in the 1st quarter. Wellington Management Group LLP now owns 1,256,228 shares of the company's stock valued at $92,659,000 after buying an additional 1,213,586 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on REG shares. Wells Fargo & Company upped their target price on Regency Centers from $79.00 to $81.00 and gave the company an "overweight" rating in a report on Wednesday. Wall Street Zen lowered Regency Centers from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. Scotiabank cut their price target on Regency Centers from $76.00 to $75.00 and set a "sector perform" rating for the company in a report on Monday, May 12th. Barclays boosted their price target on Regency Centers from $77.00 to $79.00 and gave the stock an "equal weight" rating in a report on Wednesday. Finally, Mizuho boosted their price target on Regency Centers from $74.00 to $77.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $78.92.

Regency Centers Trading Up 0.6%

Shares of REG stock traded up $0.40 during mid-day trading on Wednesday, hitting $72.47. 944,748 shares of the company's stock were exchanged, compared to its average volume of 1,102,524. 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 50-day simple moving average of $71.03 and a two-hundred day simple moving average of $71.80. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.72. The stock has a market cap of $13.16 billion, a price-to-earnings ratio of 33.86, a PEG ratio of 3.11 and a beta of 1.05.

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 (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.04. The business had revenue of $369.85 million for the quarter, compared to analysts' expectations of $366.35 million. Regency Centers had a return on equity of 6.05% and a net margin of 27.00%.The business's revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.06 earnings per share. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. Equities analysts expect that Regency Centers Corporation will post 4.54 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be issued 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 is Thursday, September 11th. Regency Centers's dividend payout ratio is presently 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.