Resona Asset Management Co. Ltd. Grows Holdings in Regency Centers Corporation $REG

Key Points

• Resona Asset Management Co. Ltd. increased its holdings in Regency Centers Corporation by 8.2%, acquiring an additional 7,557 shares this quarter, bringing its total to 99,469 shares valued at $7.27 million.
• Regency Centers recently reported a quarterly earnings per share of $1.16, exceeding analysts' expectations of $1.12, along with a revenue increase of 6.6% year-over-year.
• The company announced a quarterly dividend of $0.705 per share, resulting in an annualized yield of 4.0%, though it has a high payout ratio of 131.78%.

Resona Asset Management Co. Ltd. increased its stake in Regency Centers Corporation (NASDAQ:REG - Free Report) by 8.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 99,469 shares of the company's stock after purchasing an additional 7,557 shares during the quarter. Resona Asset Management Co. Ltd. owned approximately 0.05% of Regency Centers worth $7,271,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. State of Wyoming increased its holdings in Regency Centers by 11.3% in the 4th quarter. State of Wyoming now owns 1,543 shares of the company's stock worth $114,000 after acquiring an additional 157 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of Regency Centers by 1.7% in the first quarter. Crossmark Global Holdings Inc. now owns 9,627 shares of the company's stock worth $710,000 after purchasing an additional 160 shares in the last quarter. Proficio Capital Partners LLC raised its position in shares of Regency Centers by 4.6% during the 1st quarter. Proficio Capital Partners LLC now owns 3,847 shares of the company's stock valued at $284,000 after purchasing an additional 170 shares during the period. Brown Advisory Inc. lifted its stake in shares of Regency Centers by 0.3% during the 1st quarter. Brown Advisory Inc. now owns 71,345 shares of the company's stock valued at $5,262,000 after buying an additional 196 shares in the last quarter. Finally, IFM Investors Pty Ltd boosted its holdings in Regency Centers by 0.3% in the 1st quarter. IFM Investors Pty Ltd now owns 73,926 shares of the company's stock worth $5,340,000 after buying an additional 236 shares during the period. Institutional investors own 96.07% of the company's stock.

Insider Activity

In related news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of Regency Centers stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $72.44, for a total transaction of $301,205.52. Following the completion of the transaction, the insider directly owned 33,069 shares of the company's stock, valued at approximately $2,395,518.36. The trade was a 11.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

REG has been the topic of several research analyst reports. Evercore ISI boosted their price objective on Regency Centers from $79.00 to $80.00 and gave the company an "in-line" rating in a research report on Wednesday, July 30th. Scotiabank lowered their price target on Regency Centers from $76.00 to $75.00 and set a "sector perform" rating on the stock in a report on Monday, May 12th. Mizuho cut their price objective on shares of Regency Centers from $79.00 to $74.00 and set an "outperform" rating for the company in a report on Thursday, July 17th. Wall Street Zen downgraded shares of Regency Centers from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. Finally, Truist Financial raised their target price on shares of Regency Centers from $79.00 to $81.00 and gave the company a "buy" rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $78.33.

Regency Centers Trading Up 1.5%

REG traded up $1.0350 on Tuesday, hitting $71.3750. The company had a trading volume of 310,872 shares, compared to its average volume of 1,097,267. The business's fifty day simple moving average is $70.92 and its 200 day simple moving average is $71.83. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.72. Regency Centers Corporation has a 12-month low of $63.44 and a 12-month high of $78.18. The company has a market cap of $12.96 billion, a PE ratio of 33.28, a PEG ratio of 3.40 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, beating the consensus estimate of $1.12 by $0.04. The business had revenue of $369.85 million during the quarter, compared to analyst estimates of $366.35 million. Regency Centers had a return on equity of 6.05% and a net margin of 27.00%.The company's revenue for the quarter was up 6.6% on a year-over-year basis. During the same period last year, the company earned $1.06 EPS. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. Equities research analysts expect that Regency Centers Corporation will post 4.54 EPS for the current year.

Regency Centers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be paid a $0.705 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $2.82 annualized dividend and a dividend yield of 4.0%. Regency Centers's dividend payout ratio is currently 131.78%.

Regency Centers Profile

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.