Wellington Management Group LLP Has $92.66 Million Position in Regency Centers Corporation $REG

Key Points

• Wellington Management Group LLP significantly increased its stake in Regency Centers Corporation by 2,846.0%, bringing its ownership to approximately 1,256,228 shares worth around $92.66 million.
• Regency Centers recently reported its quarterly earnings, with earnings per share of $1.16, exceeding analysts' estimates, and a revenue growth of 6.6% year-over-year to $369.85 million.
• The company also announced a quarterly dividend of $0.705, resulting in an annualized dividend yield of 4.0%, despite a high dividend payout ratio of 131.78%.

Wellington Management Group LLP lifted its position in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 2,846.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,256,228 shares of the company's stock after acquiring an additional 1,213,586 shares during the quarter. Wellington Management Group LLP owned approximately 0.69% of Regency Centers worth $92,659,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wayfinding Financial LLC bought a new stake in shares of Regency Centers during the first quarter worth $25,000. Heck Capital Advisors LLC bought a new stake in Regency Centers in the fourth quarter valued at about $26,000. TD Waterhouse Canada Inc. increased its holdings in Regency Centers by 48,700.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock valued at $36,000 after purchasing an additional 487 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings 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 valued at $37,000 after purchasing an additional 150 shares during the last quarter. Finally, GKV Capital Management Co. Inc. bought a new stake in Regency Centers in the first quarter valued at about $40,000. Institutional investors own 96.07% of the company's stock.

Regency Centers Trading Up 1.6%

NASDAQ:REG traded up $1.13 on Friday, reaching $72.35. The company's stock had a trading volume of 1,314,932 shares, compared to its average volume of 1,278,783. Regency Centers Corporation has a 1-year low of $63.44 and a 1-year high of $78.18. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $13.14 billion, a PE ratio of 16.19, a PEG ratio of 3.13 and a beta of 1.05. The business's 50-day moving average price is $70.96 and its two-hundred day moving average price is $71.82.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $1.16 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $366.35 million. During the same period in the previous year, the firm earned $1.06 earnings per share. The company's revenue was up 6.6% on a year-over-year basis. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. Equities research analysts anticipate 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 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 is Thursday, September 11th. Regency Centers's payout ratio is presently 131.78%.

Analyst Ratings Changes

REG has been the subject of a number of recent analyst reports. Scotiabank dropped their price objective on Regency Centers from $76.00 to $75.00 and set a "sector perform" rating for the company in a report on Monday, May 12th. 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. Wall Street Zen downgraded Regency Centers from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. Truist Financial upped their price objective on Regency Centers from $79.00 to $81.00 and gave the company a "buy" rating in a report on Friday, August 15th. Finally, Robert W. Baird upped 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. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $78.58.

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.