Uniplan Investment Counsel Inc. Cuts Stake in Regency Centers Corporation $REG

Key Points

• Uniplan Investment Counsel Inc. reduced its stake in Regency Centers Corporation by 6.8% during the first quarter, now owning 170,316 shares, which represents about 1.2% of its portfolio.
• Wall Street analysts generally have a positive outlook on Regency Centers, with a consensus rating of "Moderate Buy" and price targets ranging between $79.00 and $81.00.
• Regency Centers recently declared a quarterly dividend of $0.705, resulting in an annualized yield of 3.8%, although its payout ratio stands at 131.78%.

Uniplan Investment Counsel Inc. trimmed its position in Regency Centers Corporation (NASDAQ:REG - Free Report) by 6.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 170,316 shares of the company's stock after selling 12,394 shares during the period. Regency Centers comprises about 1.2% of Uniplan Investment Counsel Inc.'s portfolio, making the stock its 20th largest holding. Uniplan Investment Counsel Inc. owned approximately 0.09% of Regency Centers worth $12,563,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of REG. Caitong International Asset Management Co. Ltd raised its stake in Regency Centers by 42.3% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company's stock valued at $37,000 after purchasing an additional 150 shares during the last quarter. State of Wyoming grew its stake in Regency Centers by 11.3% during the 4th quarter. State of Wyoming now owns 1,543 shares of the company's stock valued at $114,000 after acquiring an additional 157 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in Regency Centers by 1.7% during the 1st 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 in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in Regency Centers by 4.1% in the 1st 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. Finally, Proficio Capital Partners LLC lifted its stake in Regency Centers by 4.6% in the 1st quarter. Proficio Capital Partners LLC now owns 3,847 shares of the company's stock worth $284,000 after purchasing an additional 170 shares in the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on REG shares. Evercore ISI upped their price target on Regency Centers from $79.00 to $80.00 and gave the company an "in-line" rating in a research report on Wednesday, July 30th. Barclays boosted their price objective 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. Robert W. Baird raised their target price 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 upped their price objective on Regency Centers from $74.00 to $77.00 and gave the company an "outperform" rating in a report on Wednesday, August 20th. Finally, Wells Fargo & Company raised their target price 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, seven have issued a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $79.00.

Regency Centers Trading Up 0.2%

REG opened at $73.68 on Friday. Regency Centers Corporation has a 52 week low of $63.44 and a 52 week high of $78.18. 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 business has a fifty day simple moving average of $71.31 and a 200-day simple moving average of $71.75. The firm has a market cap of $13.38 billion, a P/E ratio of 34.43, a P/E/G ratio of 3.18 and a beta of 1.09.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its quarterly earnings data 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. Regency Centers had a return on equity of 6.05% and a net margin of 27.00%.The firm had revenue of $369.85 million for the quarter, compared to the consensus estimate of $366.35 million. During the same quarter in the previous year, the business earned $1.06 EPS. The company's quarterly revenue 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 analysts expect that Regency Centers Corporation will post 4.54 earnings per share 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 issued a $0.705 dividend. The ex-dividend date is Thursday, September 11th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.8%. Regency Centers's 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.

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