Swedbank AB Acquires 26,905 Shares of Regency Centers Corporation $REG

Key Points

• Swedbank AB increased its holdings in Regency Centers Corporation by 14.8% during the 2nd quarter, owning 208,305 shares valued at $14.8 million.
• Regency Centers reported an EPS of $1.16 for the last quarter, exceeding analysts' expectations and marking a year-over-year revenue growth of 6.6%.
• The company declared a quarterly dividend of $0.705 per share, resulting in an annual yield of 4.0%, with a notable dividend payout ratio of 131.78%.

Swedbank AB lifted its stake in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 14.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 208,305 shares of the company's stock after buying an additional 26,905 shares during the period. Swedbank AB owned about 0.11% of Regency Centers worth $14,838,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of REG. JPMorgan Chase & Co. grew its stake 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 acquiring an additional 432,399 shares in the last quarter. Invesco Ltd. increased its stake in Regency Centers by 9.8% in the 1st 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 during the last quarter. Northern Trust Corp grew its holdings in shares of Regency Centers by 3.1% in the first quarter. Northern Trust Corp now owns 2,868,692 shares of the company's stock valued at $211,595,000 after acquiring an additional 87,078 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC increased its position in shares of 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 acquiring an additional 979,126 shares during the last quarter. Finally, Nuveen LLC purchased a new position in Regency Centers in the first quarter worth $182,926,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on REG. Truist Financial boosted their price target on shares of Regency Centers from $79.00 to $81.00 and gave the stock a "buy" rating in a report on Friday, August 15th. Wall Street Zen downgraded shares of Regency Centers from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. Scotiabank boosted their target price on shares of Regency Centers from $75.00 to $76.00 and gave the company a "sector perform" rating in a report on Thursday, August 28th. Evercore ISI boosted their price objective on shares of Regency Centers from $76.00 to $77.00 and gave the company an "in-line" rating in a research note on Monday, September 15th. Finally, Mizuho raised 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. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $78.42.

Regency Centers Trading Up 0.7%

Shares of REG traded up $0.49 during trading hours on Tuesday, hitting $71.22. The company had a trading volume of 232,570 shares, compared to its average volume of 1,108,208. The firm has a market cap of $12.93 billion, a P/E ratio of 33.29, a P/E/G ratio of 3.04 and a beta of 1.09. Regency Centers Corporation has a 52-week low of $63.44 and a 52-week high of $78.18. The stock's 50 day moving average price is $71.54 and its 200 day moving average price is $71.42. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.72.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.16 EPS 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 business had revenue of $369.85 million for the quarter, compared to analysts' expectations of $366.35 million. During the same period in the previous year, the firm 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. On average, research analysts predict that Regency Centers Corporation will post 4.54 EPS for the current year.

Regency Centers Announces Dividend

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

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.