BDF Gestion Has $1.59 Million Stake in Regency Centers Corporation $REG

BDF Gestion trimmed its stake in Regency Centers Corporation (NASDAQ:REG) by 9.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,344 shares of the company’s stock after selling 2,436 shares during the period. BDF Gestion’s holdings in Regency Centers were worth $1,592,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ameriprise Financial Inc. lifted its holdings in shares of Regency Centers by 8.6% during the 4th quarter. Ameriprise Financial Inc. now owns 59,776 shares of the company’s stock worth $4,431,000 after acquiring an additional 4,734 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Regency Centers by 1.8% during the 4th quarter. Janus Henderson Group PLC now owns 21,375 shares of the company’s stock worth $1,580,000 after acquiring an additional 374 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Regency Centers by 4.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,337 shares of the company’s stock worth $1,060,000 after acquiring an additional 651 shares during the period. Royal Bank of Canada lifted its holdings in shares of Regency Centers by 17.8% during the 4th quarter. Royal Bank of Canada now owns 284,696 shares of the company’s stock worth $21,048,000 after acquiring an additional 43,023 shares during the period. Finally, State of Wyoming lifted its holdings in shares of Regency Centers by 11.3% during the 4th quarter. State of Wyoming now owns 1,543 shares of the company’s stock worth $114,000 after acquiring an additional 157 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

REG has been the subject of several analyst reports. Wall Street Zen downgraded shares of Regency Centers from a “hold” rating to a “sell” rating in a report on Saturday, July 5th. Mizuho lifted their price target on shares of Regency Centers from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. LADENBURG THALM/SH SH initiated coverage on shares of Regency Centers in a report on Tuesday, September 9th. They set a “neutral” rating and a $76.00 price target for the company. Truist Financial lifted their price target on shares of Regency Centers from $79.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 15th. Finally, Barclays lifted their price target on shares of Regency Centers from $77.00 to $79.00 and gave the company an “equal weight” rating in a report on Wednesday, August 27th. 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. According to data from MarketBeat, Regency Centers presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.42.

Regency Centers Trading Down 0.1%

Shares of NASDAQ REG opened at $70.27 on Friday. Regency Centers Corporation has a 1-year low of $63.44 and a 1-year high of $78.18. The company has a market cap of $12.76 billion, a PE ratio of 32.84, a P/E/G ratio of 3.04 and a beta of 1.09. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. The company has a 50-day moving average of $71.53 and a two-hundred day moving average of $71.50.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.12 by $0.04. 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 analysts’ expectations of $366.35 million. During the same quarter in the previous year, the company earned $1.06 EPS. Regency Centers’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. As a group, equities analysts expect that Regency Centers Corporation will post 4.54 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be given a dividend of $0.705 per share. The ex-dividend date is Thursday, September 11th. This represents a $2.82 annualized dividend and a dividend yield of 4.0%. Regency Centers’s payout ratio is currently 131.78%.

Regency Centers 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.