Russell Investments Group Ltd. Increases Stock Position in Regency Centers Corporation $REG

Key Points

• Russell Investments Group Ltd. increased its stake in Regency Centers Corporation by 112.9% in Q1, owning approximately 321,812 shares valued at $23.7 million.
• Regency Centers has announced a quarterly dividend of $0.705 per share, resulting in an annualized dividend yield of 4.0%, with a payout ratio of 131.78%.
• Regency Centers reported earnings of $1.16 per share for the last quarter, surpassing analysts' estimates of $1.12, with a net margin of 27.00%.

Russell Investments Group Ltd. increased its position in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 112.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 321,812 shares of the company's stock after acquiring an additional 170,684 shares during the period. Russell Investments Group Ltd. owned approximately 0.18% of Regency Centers worth $23,696,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in shares of Regency Centers by 3.9% in the 1st quarter. JPMorgan Chase & Co. now owns 11,574,170 shares of the company's stock worth $853,711,000 after purchasing an additional 432,399 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Regency Centers by 1.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,440,384 shares of the company's stock worth $771,859,000 after buying an additional 171,047 shares during the last quarter. Invesco Ltd. increased 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 buying an additional 525,047 shares in the last quarter. Northern Trust Corp lifted its position in shares of Regency Centers by 64.1% during the 4th quarter. Northern Trust Corp now owns 2,781,614 shares of the company's stock valued at $205,645,000 after acquiring an additional 1,086,797 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Regency Centers by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,692,029 shares of the company's stock valued at $199,019,000 after acquiring an additional 20,497 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors.

Regency Centers Stock Down 0.7%

NASDAQ REG traded down $0.51 during mid-day trading on Thursday, hitting $71.22. The company's stock had a trading volume of 977,570 shares, compared to its average volume of 1,275,647. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. The company's 50 day simple moving average is $70.92 and its 200 day simple moving average is $71.83. The firm has a market capitalization of $12.93 billion, a price-to-earnings ratio of 33.28, a PEG ratio of 3.10 and a beta of 1.05. Regency Centers Corporation has a twelve month low of $63.44 and a twelve month high of $78.18.

Regency Centers (NASDAQ:REG - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.12 by $0.04. The firm had revenue of $369.85 million during the quarter, compared to the consensus estimate of $366.35 million. Regency Centers had a return on equity of 6.05% and a net margin of 27.00%.The company's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.06 earnings per share. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. Analysts anticipate that Regency Centers Corporation will post 4.54 earnings per share for the current year.

Regency Centers Announces Dividend

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 issued a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Thursday, September 11th. Regency Centers's dividend payout ratio (DPR) is 131.78%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Wall Street Zen cut Regency Centers from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. Barclays began coverage on Regency Centers in a research note on Wednesday, July 2nd. They issued an "equal weight" rating and a $77.00 price target for the company. Robert W. Baird boosted their price target on Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Evercore ISI upped their price target on shares of Regency Centers from $79.00 to $80.00 and gave the company an "in-line" rating in a report on Wednesday, July 30th. Finally, Scotiabank decreased their price target on shares of Regency Centers from $76.00 to $75.00 and set a "sector perform" rating on the stock in a research report on Monday, May 12th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $78.58.

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.