Regency Centers Corporation $REG Shares Sold by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC has reduced its holdings in Regency Centers Corporation by 35.1%, now owning approximately 144,279 shares valued at $10.6 million.
• Regency Centers recently declared a quarterly dividend of $0.705, representing a 4.0% yield, with a dividend payout ratio of 131.78%.
• Analysts have mixed ratings for Regency Centers, with recent price targets ranging from $76.00 to $81.00, leading to an average rating of "Moderate Buy".

Voya Investment Management LLC trimmed its stake in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 35.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 144,279 shares of the company's stock after selling 77,898 shares during the period. Voya Investment Management LLC owned about 0.08% of Regency Centers worth $10,642,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of REG. Ameriprise Financial Inc. grew its holdings in Regency Centers by 8.6% during the fourth quarter. Ameriprise Financial Inc. now owns 59,776 shares of the company's stock worth $4,431,000 after acquiring an additional 4,734 shares during the period. Captrust Financial Advisors grew its holdings in Regency Centers by 42.5% in the fourth quarter. Captrust Financial Advisors now owns 5,469 shares of the company's stock valued at $404,000 after purchasing an additional 1,631 shares during the period. Janus Henderson Group PLC grew its holdings in Regency Centers by 1.8% in the fourth quarter. Janus Henderson Group PLC now owns 21,375 shares of the company's stock valued at $1,580,000 after purchasing an additional 374 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Regency Centers by 4.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,337 shares of the company's stock valued at $1,060,000 after purchasing an additional 651 shares during the period. Finally, Quantinno Capital Management LP grew its holdings in Regency Centers by 105.9% in the fourth quarter. Quantinno Capital Management LP now owns 34,515 shares of the company's stock valued at $2,552,000 after purchasing an additional 17,755 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

Regency Centers Trading Down 0.1%

Regency Centers stock traded down $0.06 during trading on Friday, reaching $70.27. 2,344,501 shares of the company were exchanged, compared to its average volume of 1,070,306. Regency Centers Corporation has a 52-week low of $63.44 and a 52-week high of $78.18. The company has a market capitalization of $12.76 billion, a P/E ratio of 32.84, a PEG ratio of 3.04 and a beta of 1.09. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.13 and a quick ratio of 1.13. The stock's 50 day simple moving average is $71.53 and its two-hundred day simple moving average is $71.50.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $369.85 million for the quarter, compared to the consensus estimate of $366.35 million. During the same quarter last year, the business posted $1.06 earnings per share. The firm'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. On average, equities research analysts expect that Regency Centers Corporation will post 4.54 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be given a $0.705 dividend. The ex-dividend date is Thursday, September 11th. This represents a $2.82 dividend on an annualized basis and a yield of 4.0%. Regency Centers's payout ratio is currently 131.78%.

Analyst Ratings Changes

Several analysts have commented on REG shares. Mizuho raised 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. Robert W. Baird raised their price objective on Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Wells Fargo & Company raised their price objective on Regency Centers from $79.00 to $81.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. Scotiabank lifted their price target on Regency Centers from $75.00 to $76.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 28th. Finally, LADENBURG THALM/SH SH started coverage on Regency Centers in a research note on Tuesday, September 9th. They issued a "neutral" rating and a $76.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $78.42.

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.