SCS Capital Management LLC Takes Position in Regency Centers Corporation $REG

Key Points

• SCS Capital Management LLC has invested approximately $2.14 million in Regency Centers Corporation, acquiring 28,996 shares of its stock.
• Several institutional investors have also increased their positions in Regency Centers, contributing to a high 96.07% institutional ownership of the company's stock.
• Regency Centers announced a quarterly dividend of $0.705 per share, translating to an annualized yield of 3.9% for shareholders.

SCS Capital Management LLC bought a new stake in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 28,996 shares of the company's stock, valued at approximately $2,139,000.

Several other large investors have also bought and sold shares of REG. Nuveen LLC bought a new position in Regency Centers during the first quarter valued at about $182,926,000. Wellington Management Group LLP boosted its stake in Regency Centers by 2,846.0% during 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. Cbre Investment Management Listed Real Assets LLC boosted its stake 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 valued at $185,996,000 after buying an additional 979,126 shares in the last quarter. Invesco Ltd. boosted its stake in Regency Centers by 9.8% during 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. Finally, Jefferies Financial Group Inc. acquired a new position in shares of Regency Centers in the 1st quarter valued at $32,136,000. Institutional investors own 96.07% of the company's stock.

Regency Centers Stock Down 1.2%

Shares of REG traded down $0.90 during midday trading on Friday, reaching $71.34. 1,193,470 shares of the stock were exchanged, compared to its average volume of 1,058,824. Regency Centers Corporation has a 12-month low of $63.44 and a 12-month high of $78.18. The firm has a 50 day simple moving average of $71.43 and a 200-day simple moving average of $71.71. 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 company has a market cap of $12.95 billion, a price-to-earnings ratio of 33.34, a P/E/G ratio of 3.12 and a beta of 1.09.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.16 earnings per share for the quarter, topping analysts' consensus estimates of $1.12 by $0.04. Regency Centers had a return on equity of 6.05% and a net margin of 27.00%.The company had revenue of $369.85 million during the quarter, compared to the consensus estimate of $366.35 million. During the same period last year, the business earned $1.06 EPS. The business'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. Research analysts forecast that Regency Centers Corporation will post 4.54 EPS for the current year.

Regency Centers Dividend Announcement

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

Analyst Ratings Changes

REG has been the topic of a number of analyst reports. Robert W. Baird lifted their price target on Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Mizuho lifted their price target on Regency Centers from $74.00 to $77.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 20th. Truist Financial lifted their price target on Regency Centers from $79.00 to $81.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. Barclays lifted their price target on Regency Centers from $77.00 to $79.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 27th. Finally, Wells Fargo & Company lifted their price target on Regency Centers from $79.00 to $81.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $78.67.

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.