Woodline Partners LP Increases Position in Regency Centers Corporation $REG

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 raised its holdings in Regency Centers Corporation (NASDAQ:REG - Free Report) by 4,175.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 417,634 shares of the company's stock after buying an additional 407,865 shares during the period. Woodline Partners LP owned approximately 0.23% of Regency Centers worth $30,805,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in REG. Wayfinding Financial LLC purchased a new position in Regency Centers in the 1st quarter valued at approximately $25,000. Heck Capital Advisors LLC purchased a new position in Regency Centers in the 4th quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd boosted its position in Regency Centers by 42.3% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company's stock valued at $37,000 after buying an additional 150 shares during the period. Sentry Investment Management LLC purchased a new position in Regency Centers in the 1st quarter valued at approximately $38,000. Finally, GKV Capital Management Co. Inc. purchased a new position in Regency Centers in the 1st quarter valued at approximately $40,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on REG shares. Evercore ISI raised their price target on shares of Regency Centers from $79.00 to $80.00 and gave the company an "in-line" rating in a research report on Wednesday, July 30th. Robert W. Baird lifted their price objective on shares of Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Wall Street Zen cut shares of Regency Centers from a "hold" rating to a "sell" rating in a research report on Saturday, July 5th. Scotiabank lifted their price objective on shares of Regency Centers from $75.00 to $76.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 28th. Finally, LADENBURG THALM/SH SH began coverage on shares of Regency Centers in a research report on Tuesday. They set a "neutral" rating and a $76.00 price objective for the company. One 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $78.67.

Regency Centers Stock Performance

REG traded down $0.90 on Friday, reaching $71.34. The company had a trading volume of 1,193,470 shares, compared to its average volume of 1,058,824. Regency Centers Corporation has a 1 year low of $63.44 and a 1 year high of $78.18. The stock has a market capitalization of $12.95 billion, a PE ratio of 33.34, a P/E/G ratio of 3.12 and a beta of 1.09. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.72. The stock has a 50-day moving average price of $71.43 and a 200-day moving average price of $71.71.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.16 earnings per share for the quarter, beating 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 during the quarter, compared to analysts' expectations of $366.35 million. During the same period in the previous year, the company earned $1.06 earnings per share. Regency Centers's quarterly 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, research analysts forecast that Regency Centers Corporation will post 4.54 EPS for the current fiscal year.

Regency Centers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors 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 yield of 4.0%. Regency Centers's payout ratio is 131.78%.

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.