Regency Centers Corporation $REG Stake Lessened by Baldwin Wealth Partners LLC MA

Key Points

• Baldwin Wealth Partners LLC MA has reduced its stake in Regency Centers Corporation by 2.7%, now holding 164,623 shares valued at approximately $11.7 million.
• Regency Centers reported a quarterly earnings per share (EPS) of $1.16, surpassing estimates, with a revenue of $369.85 million, reflecting a 6.6% year-over-year increase.
• Several institutional investors have increased their positions in Regency Centers, with 96.07% of the stock currently owned by institutional investors.

Baldwin Wealth Partners LLC MA cut its stake in Regency Centers Corporation (NASDAQ:REG - Free Report) by 2.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,623 shares of the company's stock after selling 4,538 shares during the period. Baldwin Wealth Partners LLC MA owned approximately 0.09% of Regency Centers worth $11,726,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. JPMorgan Chase & Co. boosted its holdings in shares of Regency Centers by 3.9% in the first quarter. JPMorgan Chase & Co. now owns 11,574,170 shares of the company's stock valued at $853,711,000 after acquiring an additional 432,399 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Regency Centers by 9.8% in the first quarter. Invesco Ltd. now owns 5,899,497 shares of the company's stock valued at $435,147,000 after acquiring an additional 525,047 shares in the last quarter. Northern Trust Corp boosted its holdings in Regency Centers by 3.1% during the first quarter. Northern Trust Corp now owns 2,868,692 shares of the company's stock worth $211,595,000 after buying an additional 87,078 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC boosted its holdings in Regency Centers by 63.5% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,521,633 shares of the company's stock worth $185,996,000 after buying an additional 979,126 shares in the last quarter. Finally, Nuveen LLC bought a new stake in Regency Centers during the first quarter worth approximately $182,926,000. 96.07% of the stock is currently owned by institutional investors.

Regency Centers Stock Up 0.1%

Shares of NASDAQ:REG opened at $71.33 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 company has a market cap of $12.95 billion, a PE ratio of 33.33, a price-to-earnings-growth ratio of 3.08 and a beta of 1.09. Regency Centers Corporation has a 52 week low of $63.44 and a 52 week high of $78.18. The firm has a 50 day simple moving average of $71.79 and a 200 day simple moving average of $71.39.

Regency Centers (NASDAQ:REG - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.16 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $366.35 million. During the same quarter in the prior year, the firm earned $1.06 EPS. The firm's quarterly 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. As a group, research analysts expect that Regency Centers Corporation will post 4.54 earnings per share for the current year.

Regency Centers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were given a $0.705 dividend. The ex-dividend date was Thursday, September 11th. This represents a $2.82 dividend on an annualized basis and a yield of 4.0%. Regency Centers's dividend payout ratio is presently 131.78%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Mizuho raised their target price on shares of Regency Centers from $74.00 to $77.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. Barclays raised their target price on shares of Regency Centers from $79.00 to $83.00 and gave the stock an "equal weight" rating in a report on Monday. Scotiabank raised their target price on shares of Regency Centers from $75.00 to $76.00 and gave the stock a "sector perform" rating in a report on Thursday, August 28th. Evercore ISI raised their target price 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. Finally, Wells Fargo & Company raised their target price on shares of Regency Centers from $79.00 to $81.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. One research 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 stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $79.09.

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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