VIRGINIA RETIREMENT SYSTEMS ET Al Purchases New Position in Regency Centers Corporation $REG

Key Points

• Virginia Retirement Systems purchased 204,750 shares of Regency Centers Corporation valued at approximately $14.6 million, representing a 0.11% ownership stake in the company as of the latest reporting period.
• Regency Centers reported earnings per share of $1.16 for the last quarter, surpassing analysts' expectations, and set FY 2025 guidance at 4.590-4.630 EPS.
• The company declared a quarterly dividend of $0.705 per share, yielding 3.9%, with a payout ratio of 131.78% as of the last payment date.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Regency Centers Corporation (NASDAQ:REG - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 204,750 shares of the company's stock, valued at approximately $14,584,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.11% of Regency Centers at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Wayfinding Financial LLC acquired a new stake in Regency Centers in the 1st quarter valued at $25,000. Caitong International Asset Management Co. Ltd boosted its stake in Regency Centers by 42.3% in the first quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company's stock worth $37,000 after purchasing an additional 150 shares in the last quarter. GKV Capital Management Co. Inc. acquired a new position in Regency Centers in the first quarter worth $40,000. National Pension Service boosted its stake in Regency Centers by 75.2% in the first quarter. National Pension Service now owns 643 shares of the company's stock worth $47,000 after purchasing an additional 276 shares in the last quarter. Finally, Quarry LP boosted its stake in Regency Centers by 206.2% in the first quarter. Quarry LP now owns 695 shares of the company's stock worth $51,000 after purchasing an additional 468 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Regency Centers Trading Up 0.7%

NASDAQ REG opened at $72.24 on Monday. The stock has a 50-day simple moving average of $71.71 and a 200 day simple moving average of $71.31. The company has a market capitalization of $13.12 billion, a PE ratio of 33.76, a P/E/G ratio of 2.99 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. Regency Centers Corporation has a 12 month low of $63.44 and a 12 month high of $78.18.

Regency Centers (NASDAQ:REG - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $1.16 EPS for the quarter, beating analysts' consensus estimates of $1.12 by $0.04. The business had revenue of $369.85 million during 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 firm's revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.06 earnings per share. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. Research analysts forecast that Regency Centers Corporation will post 4.54 EPS for the current year.

Regency Centers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were paid a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Thursday, September 11th. Regency Centers's payout ratio is presently 131.78%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Wells Fargo & Company boosted their price objective on Regency Centers from $79.00 to $81.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. LADENBURG THALM/SH SH assumed coverage on Regency Centers in a research note on Tuesday, September 9th. They issued a "neutral" rating and a $76.00 price objective on the stock. Mizuho boosted their price objective on Regency Centers from $74.00 to $77.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 20th. Wall Street Zen raised Regency Centers from a "sell" rating to a "hold" rating in a research note on Saturday, October 4th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Regency Centers in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $79.09.

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.

Want to see what other hedge funds are holding REG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Regency Centers Corporation (NASDAQ:REG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.