Sequoia Financial Advisors LLC Acquires New Stake in Regency Centers Corporation $REG

Key Points

• Sequoia Financial Advisors LLC acquired approximately $850,000 worth of shares in Regency Centers Corporation, purchasing 11,934 shares in the second quarter.
• Regency Centers has recently increased its quarterly dividend to $0.705 per share, reflecting an annualized yield of 3.9%.
• Analysts have varied opinions on Regency Centers, with a consensus rating of "Moderate Buy" and a price target averaging $79.09.

Sequoia Financial Advisors LLC acquired a new stake in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,934 shares of the company's stock, valued at approximately $850,000.

A number of other hedge funds also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd increased its position in Regency Centers by 42.3% during the first quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company's stock valued at $37,000 after acquiring an additional 150 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in Regency Centers by 1.7% during the first quarter. Crossmark Global Holdings Inc. now owns 9,627 shares of the company's stock valued at $710,000 after acquiring an additional 160 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its position in Regency Centers by 4.1% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,260 shares of the company's stock valued at $314,000 after acquiring an additional 169 shares during the last quarter. Proficio Capital Partners LLC increased its position in Regency Centers by 4.6% during the first quarter. Proficio Capital Partners LLC now owns 3,847 shares of the company's stock valued at $284,000 after acquiring an additional 170 shares during the last quarter. Finally, Brown Advisory Inc. increased its position in Regency Centers by 0.3% during the first quarter. Brown Advisory Inc. now owns 71,345 shares of the company's stock valued at $5,262,000 after acquiring an additional 196 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. LADENBURG THALM/SH SH assumed coverage on Regency Centers in a research report on Tuesday, September 9th. They set a "neutral" rating and a $76.00 price objective for the company. Wall Street Zen raised Regency Centers from a "sell" rating to a "hold" rating in a report on Saturday, October 4th. Mizuho boosted their price target on Regency Centers from $74.00 to $77.00 and gave the company an "outperform" rating in a report on Wednesday, August 20th. Evercore ISI boosted their price target on Regency Centers from $76.00 to $77.00 and gave the company an "in-line" rating in a report on Monday, September 15th. Finally, Robert W. Baird boosted their price target on Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $79.09.

Regency Centers Stock Performance

NASDAQ:REG opened at $72.24 on Friday. The stock has a 50-day simple moving average of $71.71 and a two-hundred day simple moving average of $71.32. Regency Centers Corporation has a 52-week low of $63.44 and a 52-week high of $78.18. 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 firm has a market capitalization of $13.12 billion, a PE ratio of 33.76, a P/E/G ratio of 2.99 and a beta of 1.09.

Regency Centers (NASDAQ:REG - Get Free Report) last released its quarterly earnings data 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. The firm 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 business's quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.06 earnings per share. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. Analysts forecast that Regency Centers Corporation will post 4.54 EPS for the current year.

Regency Centers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were paid a $0.705 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.9%. Regency Centers's dividend payout ratio is 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.

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