Strs Ohio Buys New Shares in Regency Centers Corporation $REG

Key Points

• Strs Ohio has invested approximately $5.50 million in Regency Centers Corporation, acquiring 74,613 shares in the first quarter of 2024.
• Regency Centers recently declared a quarterly dividend of $0.705 per share, set to be paid on October 2nd, with a 4.0% dividend yield.
• Analysts have varied ratings on Regency Centers, with a consensus rating of "Moderate Buy" and a price target averaging around $78.67.

Strs Ohio purchased a new stake in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 74,613 shares of the company's stock, valued at approximately $5,503,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of REG. Envestnet Asset Management Inc. boosted its position in Regency Centers by 3.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 120,960 shares of the company's stock valued at $8,922,000 after buying an additional 3,773 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Regency Centers by 14.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,322 shares of the company's stock valued at $2,210,000 after buying an additional 3,857 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Regency Centers by 7.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 4,296 shares of the company's stock valued at $317,000 after buying an additional 283 shares during the last quarter. Teacher Retirement System of Texas boosted its position in Regency Centers by 46.2% in the 1st quarter. Teacher Retirement System of Texas now owns 29,633 shares of the company's stock valued at $2,186,000 after buying an additional 9,359 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in Regency Centers by 43.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,435 shares of the company's stock valued at $106,000 after buying an additional 432 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Regency Centers Trading Down 0.1%

REG stock traded down $0.06 during midday trading on Friday, hitting $70.27. 2,344,501 shares of the company's stock were exchanged, compared to its average volume of 1,070,306. The stock's fifty day moving average price is $71.53 and its 200-day moving average price is $71.50. Regency Centers Corporation has a one year low of $63.44 and a one year high of $78.18. The company has a market cap of $12.76 billion, a PE ratio of 32.84, a price-to-earnings-growth ratio of 3.04 and a beta of 1.09. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.13.

Regency Centers (NASDAQ:REG - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $369.85 million for 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 revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the business posted $1.06 EPS. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. Research analysts predict that Regency Centers Corporation will post 4.54 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 4.0%. Regency Centers's payout ratio is currently 131.78%.

Wall Street Analyst Weigh In

REG has been the topic of a number of recent research reports. Wall Street Zen lowered Regency Centers from a "hold" rating to a "sell" rating in a research report on Saturday, July 5th. Barclays raised their price target on Regency Centers from $77.00 to $79.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 27th. Scotiabank raised their price target on Regency Centers from $75.00 to $76.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 28th. Truist Financial raised their price target on Regency Centers from $79.00 to $81.00 and gave the stock a "buy" rating in a research report on Friday, August 15th. Finally, Evercore ISI raised their price target on Regency Centers from $76.00 to $77.00 and gave the stock an "in-line" rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Regency Centers has a consensus rating of "Moderate Buy" and an average price target of $78.42.

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.