Regency Centers (NASDAQ:REG) Releases 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) released its earnings results on Tuesday. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.12 by $0.04, Zacks reports. Regency Centers had a net margin of 27.00% and a return on equity of 6.05%. The company had revenue of $369.85 million during the quarter, compared to the consensus estimate of $366.35 million. During the same quarter in the prior year, the firm earned $1.06 EPS. The company's revenue was up 6.6% compared to the same quarter last year. Regency Centers updated its FY 2025 guidance to 4.590-4.630 EPS.

Regency Centers Price Performance

Shares of NASDAQ:REG traded down $0.92 during midday trading on Friday, reaching $70.48. 1,141,645 shares of the company's stock were exchanged, compared to its average volume of 1,067,626. The company's 50 day simple moving average is $70.88 and its two-hundred day simple moving average is $71.81. The firm has a market capitalization of $12.79 billion, a PE ratio of 32.93, a price-to-earnings-growth ratio of 3.43 and a beta of 1.05. Regency Centers has a 12 month low of $63.44 and a 12 month high of $78.18. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.01 and a current ratio of 1.13.

Regency Centers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 11th were issued a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Wednesday, June 11th. Regency Centers's dividend payout ratio (DPR) is presently 131.78%.

Insider Activity at Regency Centers

In other news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $72.44, for a total transaction of $301,205.52. Following the completion of the transaction, the insider directly owned 33,069 shares of the company's stock, valued at approximately $2,395,518.36. This trade represents a 11.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.00% of the company's stock.

Hedge Funds Weigh In On Regency Centers

A number of institutional investors and hedge funds have recently added to or reduced their stakes in REG. AQR Capital Management LLC increased its holdings in shares of Regency Centers by 15.4% during the first quarter. AQR Capital Management LLC now owns 64,337 shares of the company's stock worth $4,701,000 after buying an additional 8,563 shares in the last quarter. Intech Investment Management LLC increased its holdings in shares of Regency Centers by 47.6% during the first quarter. Intech Investment Management LLC now owns 20,011 shares of the company's stock worth $1,476,000 after buying an additional 6,451 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Regency Centers by 81.5% during the first quarter. Jane Street Group LLC now owns 8,247 shares of the company's stock worth $608,000 after buying an additional 3,702 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 worth $1,099,000 after buying an additional 557 shares in the last quarter. Finally, Empowered Funds LLC increased 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 buying an additional 511 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on REG shares. Mizuho cut their target price on shares of Regency Centers from $79.00 to $74.00 and set an "outperform" rating for the company in a research report on Thursday, July 17th. Truist Financial increased their target price on shares of Regency Centers from $78.00 to $79.00 and gave the stock a "buy" rating in a research report on Monday, May 19th. Robert W. Baird increased their price target on shares of Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a report on Wednesday. Scotiabank reduced their price target on shares of Regency Centers from $76.00 to $75.00 and set a "sector perform" rating for the company in a report on Monday, May 12th. Finally, Wall Street Zen downgraded shares of Regency Centers from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. One analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $77.92.

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.