Regency Centers Corporation $REG Shares Sold by Van Lanschot Kempen Investment Management N.V.

Key Points

• Van Lanschot Kempen Investment Management N.V. significantly reduced its stake in Regency Centers Corporation by 98.8%, holding only 1,430 shares after selling 115,255 shares in the first quarter.
• Regency Centers reported a quarterly earnings per share of $1.16, exceeding the consensus estimate by $0.04, and indicated a revenue increase of 6.6% year-over-year.
• Analysts have adjusted price targets for REG shares, with Truist Financial raising it to $81.00 and Mizuho to $77.00, reflecting a generally positive outlook with a consensus rating of "Moderate Buy".

Van Lanschot Kempen Investment Management N.V. cut its holdings in Regency Centers Corporation (NASDAQ:REG - Free Report) by 98.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,430 shares of the company's stock after selling 115,255 shares during the period. Van Lanschot Kempen Investment Management N.V.'s holdings in Regency Centers were worth $105,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of REG. Nuveen LLC acquired a new stake in Regency Centers in the first quarter valued at $182,926,000. Wellington Management Group LLP raised its stake in Regency Centers by 2,846.0% in the first 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 in the last quarter. Northern Trust Corp increased its position in shares of Regency Centers by 64.1% during the fourth quarter. Northern Trust Corp now owns 2,781,614 shares of the company's stock worth $205,645,000 after purchasing an additional 1,086,797 shares in the last quarter. Invesco Ltd. increased its position in shares of Regency Centers by 9.8% during the first quarter. Invesco Ltd. now owns 5,899,497 shares of the company's stock worth $435,147,000 after purchasing an additional 525,047 shares in the last quarter. Finally, Jefferies Financial Group Inc. acquired a new stake in shares of Regency Centers during the first quarter worth about $32,136,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Evercore ISI lifted their target price on Regency Centers from $79.00 to $80.00 and gave the stock an "in-line" rating in a research report on Wednesday, July 30th. Wall Street Zen cut Regency Centers from a "hold" rating to a "sell" rating in a research report on Saturday, July 5th. Mizuho raised their price target on Regency Centers from $74.00 to $77.00 and gave the stock an "outperform" rating in a report on Wednesday. Truist Financial lifted their price objective on Regency Centers from $79.00 to $81.00 and gave the company a "buy" rating in a report on Friday, August 15th. Finally, Robert W. Baird lifted their price objective on Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. One equities research 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 stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $78.58.

Regency Centers Trading Up 1.6%

Shares of REG stock traded up $1.13 during mid-day trading on Friday, hitting $72.35. 1,314,932 shares of the company's stock were exchanged, compared to its average volume of 1,257,938. 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 $70.96 and a two-hundred day simple moving average of $71.82. 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 $13.14 billion, a price-to-earnings ratio of 33.81, a PEG ratio of 3.13 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. Regency Centers had a return on equity of 6.05% and a net margin of 27.00%.The business had revenue of $369.85 million for the quarter, compared to analysts' expectations of $366.35 million. During the same quarter last year, the firm earned $1.06 earnings per share. The business'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. Equities analysts expect that Regency Centers Corporation will post 4.54 EPS for the current fiscal year.

Regency Centers Announces Dividend

The firm 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. The ex-dividend date is Thursday, September 11th. This represents a $2.82 annualized dividend and a dividend yield of 3.9%. Regency Centers's dividend payout ratio (DPR) is 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.