Regency Centers (NASDAQ:REG) Issues Earnings Results

Key Points

• Regency Centers reported earnings of $1.16 per share for the quarter, significantly beating analysts' expectations of $0.55 by $0.61.
• The company updated its fiscal year 2025 guidance, forecasting earnings per share between $4.590 and $4.630.
• Regency Centers announced a quarterly dividend of $0.705, resulting in an annualized dividend yield of 3.93%, with a payout ratio of 133.02%.

Regency Centers (NASDAQ:REG - Get Free Report) posted its earnings results on Tuesday. The company reported $1.16 earnings per share for the quarter, topping analysts' consensus estimates of $1.12 by $0.04, Zacks reports. Regency Centers had a net margin of 27.21% and a return on equity of 5.98%. During the same quarter last year, the company earned $1.06 earnings per share. The company's revenue for the quarter was up 6.6% on a year-over-year basis. Regency Centers updated its FY 2025 guidance to 4.590-4.630 EPS.

Regency Centers Stock Up 2.5%

Shares of Regency Centers stock traded up $1.72 on Tuesday, reaching $71.76. 1,734,364 shares of the company were exchanged, compared to its average volume of 1,084,241. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.01 and a quick ratio of 1.01. The stock's 50 day moving average price is $70.89 and its 200-day moving average price is $71.80. The company has a market cap of $13.03 billion, a P/E ratio of 33.85, a price-to-earnings-growth ratio of 3.47 and a beta of 1.00. Regency Centers has a 1-year low of $63.44 and a 1-year high of $78.18.

Regency Centers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 11th were paid a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date was Wednesday, June 11th. Regency Centers's dividend payout ratio (DPR) is 133.02%.

Insider Activity at Regency Centers

In other news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of Regency Centers stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $72.44, for a total value of $301,205.52. Following the sale, the insider owned 33,069 shares of the company's stock, valued at $2,395,518.36. The trade was a 11.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Regency Centers

A number of institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC boosted its position in Regency Centers by 15.4% during the 1st quarter. AQR Capital Management LLC now owns 64,337 shares of the company's stock worth $4,701,000 after acquiring an additional 8,563 shares during the period. Intech Investment Management LLC boosted its position in shares of Regency Centers by 47.6% in the 1st quarter. Intech Investment Management LLC now owns 20,011 shares of the company's stock valued at $1,476,000 after purchasing an additional 6,451 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Regency Centers by 3.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,894 shares of the company's stock valued at $1,099,000 after acquiring an additional 557 shares during the period. Jane Street Group LLC raised its position in Regency Centers by 81.5% during the first quarter. Jane Street Group LLC now owns 8,247 shares of the company's stock valued at $608,000 after buying an additional 3,702 shares during the period. Finally, Empowered Funds LLC raised its holdings in shares of Regency Centers by 9.6% during the first quarter. Empowered Funds LLC now owns 5,856 shares of the company's stock worth $432,000 after acquiring an additional 511 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on REG. Mizuho dropped their price target on shares of Regency Centers from $79.00 to $74.00 and set an "outperform" rating on the stock in a report on Thursday, July 17th. Wall Street Zen lowered Regency Centers from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. Truist Financial boosted their price target on Regency Centers from $78.00 to $79.00 and gave the company a "buy" rating in a report on Monday, May 19th. Barclays began coverage on Regency Centers in a research note on Wednesday, July 2nd. They issued an "equal weight" rating and a $77.00 price target for the company. Finally, 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 research note on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $77.54.

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.