SCS Capital Management LLC Invests $2.14 Million 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 position in Regency Centers Corporation (NASDAQ:REG - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 28,996 shares of the company's stock, valued at approximately $2,139,000.

A number of other large investors have also bought and sold shares of REG. Nuveen LLC purchased a new stake in Regency Centers in the first quarter worth $182,926,000. Wellington Management Group LLP grew its position in shares of 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 purchasing an additional 1,213,586 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC grew its position in shares of Regency Centers by 63.5% in 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 purchasing an additional 979,126 shares in the last quarter. Invesco Ltd. grew its position 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 purchasing an additional 525,047 shares in the last quarter. Finally, Jefferies Financial Group Inc. purchased a new position in shares of Regency Centers in the first quarter valued at $32,136,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Truist Financial lifted their price target on Regency Centers from $79.00 to $81.00 and gave the company a "buy" rating in a research report on Friday, August 15th. LADENBURG THALM/SH SH assumed coverage on Regency Centers in a research note on Tuesday, September 9th. They set a "neutral" rating and a $76.00 price objective for the company. Wall Street Zen lowered Regency Centers from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. Evercore ISI lifted their price objective on Regency Centers from $76.00 to $77.00 and gave the company an "in-line" rating in a research note on Monday. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $78.42.

Regency Centers Stock Down 0.4%

Shares of REG stock traded down $0.26 during midday trading on Monday, reaching $71.09. 300,550 shares of the stock were exchanged, compared to its average volume of 1,101,535. Regency Centers Corporation has a 1 year low of $63.44 and a 1 year high of $78.18. The company's 50 day moving average is $71.43 and its two-hundred day moving average is $71.65. 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 firm has a market cap of $12.91 billion, a PE ratio of 33.20, a price-to-earnings-growth ratio of 3.08 and a beta of 1.09.

Regency Centers (NASDAQ:REG - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $1.16 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 the consensus estimate of $366.35 million. During the same period in the previous year, the company posted $1.06 earnings per share. The company's revenue for the quarter was up 6.6% compared to the same quarter last year. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. On average, equities research analysts predict that Regency Centers Corporation will post 4.54 EPS for the current year.

Regency Centers Announces Dividend

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

Regency Centers Company 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.