Regency Centers Corporation $REG Shares Bought by Woodline Partners LP

Key Points

• Woodline Partners LP significantly increased its holdings in Regency Centers Corporation by acquiring 407,865 shares, raising its ownership to approximately 0.23% of the company valued at $30.8 million.
• Multiple analysts have raised their price targets on Regency Centers shares, with prices ranging from $77.00 to $81.00 while maintaining a consensus rating of "Moderate Buy."
• Regency Centers has declared a quarterly dividend of $0.705, which represents a 3.9% annual yield, with a notable dividend payout ratio of 131.78%.

Woodline Partners LP grew its stake in Regency Centers Corporation (NASDAQ:REG - Free Report) by 4,175.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 417,634 shares of the company's stock after purchasing an additional 407,865 shares during the period. Woodline Partners LP owned about 0.23% of Regency Centers worth $30,805,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of REG. Nuveen LLC purchased a new stake in Regency Centers in the 1st quarter worth approximately $182,926,000. Wellington Management Group LLP boosted its position in Regency Centers by 2,846.0% in the 1st quarter. Wellington Management Group LLP now owns 1,256,228 shares of the company's stock worth $92,659,000 after purchasing an additional 1,213,586 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC boosted its position in Regency Centers by 63.5% in the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,521,633 shares of the company's stock worth $185,996,000 after purchasing an additional 979,126 shares in the last quarter. Invesco Ltd. boosted its position in Regency Centers by 9.8% in the 1st quarter. Invesco Ltd. now owns 5,899,497 shares of the company's stock worth $435,147,000 after purchasing an additional 525,047 shares in the last quarter. Finally, Jefferies Financial Group Inc. purchased a new stake in Regency Centers in the 1st quarter worth approximately $32,136,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on REG shares. Barclays increased 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. LADENBURG THALM/SH SH initiated coverage on Regency Centers in a report on Tuesday, September 9th. They issued a "neutral" rating and a $76.00 price objective on the stock. 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. Mizuho raised 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. Finally, Wall Street Zen downgraded Regency Centers from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, Regency Centers has an average rating of "Moderate Buy" and a consensus target price of $78.42.

Regency Centers Trading Down 0.1%

Shares of NASDAQ:REG traded down $0.08 during midday trading on Monday, reaching $71.26. 275,828 shares of the company's stock were exchanged, compared to its average volume of 1,101,453. The firm's 50 day simple moving average is $71.43 and its two-hundred day simple moving average is $71.65. 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 has a market cap of $12.94 billion, a price-to-earnings ratio of 33.27, a P/E/G ratio of 3.08 and a beta of 1.09. Regency Centers Corporation has a fifty-two week low of $63.44 and a fifty-two week high of $78.18.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $1.16 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 company had revenue of $369.85 million during the quarter, compared to analysts' expectations of $366.35 million. During the same period last year, the business posted $1.06 EPS. Regency Centers's revenue for the quarter was up 6.6% on a year-over-year basis. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. As a group, sell-side analysts forecast that Regency Centers Corporation will post 4.54 EPS 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. Investors of record on Thursday, September 11th will be paid a dividend of $0.705 per share. The ex-dividend date is Thursday, September 11th. This represents a $2.82 annualized dividend and a yield of 4.0%. Regency Centers's payout ratio is presently 131.78%.

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.