Vert Asset Management LLC Has $5.41 Million Holdings in Regency Centers Corporation $REG

Key Points

• Vert Asset Management LLC reduced its stake in Regency Centers Corporation by 4.4% to 76,009 shares, valued at approximately $5.41 million.
• Research firms have raised their price targets for Regency Centers, with Wells Fargo setting it at $81.00 and Scotiabank at $76.00, while one analyst downgraded it to a "sell" rating.
• Regency Centers recently announced a quarterly dividend of $0.705 per share, contributing to an annual yield of 3.9%, despite a payout ratio of 131.78%.

Vert Asset Management LLC cut its stake in Regency Centers Corporation (NASDAQ:REG - Free Report) by 4.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,009 shares of the company's stock after selling 3,519 shares during the period. Regency Centers comprises approximately 2.0% of Vert Asset Management LLC's holdings, making the stock its 16th largest holding. Vert Asset Management LLC's holdings in Regency Centers were worth $5,414,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Wayfinding Financial LLC acquired a new position in shares of Regency Centers in the 1st quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd boosted its position 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 buying an additional 150 shares during the last quarter. Sentry Investment Management LLC bought a new position in Regency Centers in the 1st quarter valued at $38,000. GKV Capital Management Co. Inc. bought a new position in Regency Centers in the 1st quarter valued at $40,000. Finally, National Pension Service boosted its position in shares of Regency Centers by 75.2% in the 1st quarter. National Pension Service now owns 643 shares of the company's stock worth $47,000 after purchasing an additional 276 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on REG. 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. Wells Fargo & Company lifted their price target on Regency Centers from $79.00 to $81.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. Barclays lifted their target price on Regency Centers from $77.00 to $79.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 27th. Wall Street Zen downgraded Regency Centers from a "hold" rating to a "sell" rating in a research report on Saturday, July 5th. Finally, Robert W. Baird lifted their price target on Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $78.73.

Regency Centers Trading Down 1.1%

Shares of REG stock opened at $72.09 on Thursday. 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 stock has a market cap of $13.09 billion, a P/E ratio of 33.69, a price-to-earnings-growth ratio of 3.15 and a beta of 1.09. The stock has a 50 day simple moving average of $71.78 and a 200 day simple moving average of $71.41. Regency Centers Corporation has a 1 year low of $63.44 and a 1 year high of $78.18.

Regency Centers (NASDAQ:REG - Get Free Report) last issued 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. 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 during the quarter, compared to analysts' expectations of $366.35 million. During the same period in the previous year, the company posted $1.06 earnings per share. The firm'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, research analysts predict that Regency Centers Corporation will post 4.54 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be given a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a yield of 3.9%. The ex-dividend date is Thursday, September 11th. Regency Centers's payout ratio is currently 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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