Vident Advisory LLC Lowers Position in Regency Centers Corporation $REG

Key Points

• Vident Advisory LLC reduced its stake in Regency Centers Corporation by 33.8%, selling 8,462 shares, which brought its total holdings to 16,544 shares valued at $1,220,000.
• Regency Centers reported $1.16 per share earnings, surpassing analysts' expectations, with revenue of $369.85 million for the quarter.
• The company declared a quarterly dividend of $0.705, representing an annualized yield of 3.9%, with a payout ratio of 131.78%.

Vident Advisory LLC lowered its position in Regency Centers Corporation (NASDAQ:REG - Free Report) by 33.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,544 shares of the company's stock after selling 8,462 shares during the quarter. Vident Advisory LLC's holdings in Regency Centers were worth $1,220,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in REG. Evergreen Capital Management LLC increased its holdings in Regency Centers by 18.3% during the first quarter. Evergreen Capital Management LLC now owns 6,327 shares of the company's stock worth $467,000 after buying an additional 980 shares during the last quarter. GKV Capital Management Co. Inc. purchased a new position in Regency Centers during the first quarter valued at $40,000. Guggenheim Capital LLC raised its position in shares of Regency Centers by 42.9% in the 1st quarter. Guggenheim Capital LLC now owns 219,158 shares of the company's stock worth $16,165,000 after purchasing an additional 65,777 shares during the last quarter. Harvest Portfolios Group Inc. grew its stake in shares of Regency Centers by 5.1% during the 1st quarter. Harvest Portfolios Group Inc. now owns 27,781 shares of the company's stock valued at $2,049,000 after purchasing an additional 1,358 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Regency Centers by 40.2% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 188,357 shares of the company's stock valued at $13,893,000 after acquiring an additional 54,000 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Regency Centers Price Performance

Shares of Regency Centers stock traded down $1.12 during midday trading on Monday, reaching $72.56. The company had a trading volume of 603,851 shares, compared to its average volume of 1,102,170. Regency Centers Corporation has a 1-year low of $63.44 and a 1-year high of $78.18. The company has a market capitalization of $13.17 billion, a price-to-earnings ratio of 33.91, a price-to-earnings-growth ratio of 3.18 and a beta of 1.09. 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 fifty day simple moving average of $71.31 and a 200 day simple moving average of $71.74.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.12 by $0.04. Regency Centers had a net margin of 27.00% and a return on equity of 6.05%. The firm had revenue of $369.85 million for the quarter, compared to analyst estimates of $366.35 million. During the same quarter in the prior year, the business posted $1.06 EPS. The business's 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. As a group, equities research analysts forecast that Regency Centers Corporation will post 4.54 earnings per share for the current year.

Regency Centers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders 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 3.9%. Regency Centers's dividend payout ratio is currently 131.78%.

Wall Street Analysts Forecast Growth

REG has been the subject of several recent analyst reports. Wall Street Zen downgraded Regency Centers from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. Barclays upped 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. Mizuho increased their target price on Regency Centers from $74.00 to $77.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 20th. 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 objective 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. One investment 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 company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $79.00.

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.