Shell Asset Management Co. Boosts Stake in Regency Centers Corporation $REG

Shell Asset Management Co. lifted its stake in shares of Regency Centers Corporation (NASDAQ:REG) by 31.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,365 shares of the company’s stock after purchasing an additional 18,874 shares during the period. Shell Asset Management Co.’s holdings in Regency Centers were worth $5,653,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of REG. Wealth Enhancement Advisory Services LLC grew its position in Regency Centers by 9.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,906 shares of the company’s stock worth $511,000 after acquiring an additional 619 shares during the period. Park Avenue Securities LLC acquired a new stake in Regency Centers during the 1st quarter worth approximately $211,000. Vert Asset Management LLC boosted its position in Regency Centers by 7.2% in the 1st quarter. Vert Asset Management LLC now owns 79,528 shares of the company’s stock valued at $5,866,000 after buying an additional 5,371 shares during the period. Baldwin Wealth Partners LLC MA boosted its position in Regency Centers by 1.1% in the 1st quarter. Baldwin Wealth Partners LLC MA now owns 169,161 shares of the company’s stock valued at $12,477,000 after buying an additional 1,873 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in shares of Regency Centers by 43.1% in the first quarter. Farther Finance Advisors LLC now owns 1,435 shares of the company’s stock worth $106,000 after acquiring an additional 432 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Regency Centers Stock Performance

Shares of REG stock opened at $71.14 on Tuesday. The stock’s 50-day moving average is $71.82 and its two-hundred day moving average is $71.40. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.13. Regency Centers Corporation has a 1 year low of $63.44 and a 1 year high of $78.18. The firm has a market cap of $12.92 billion, a price-to-earnings ratio of 33.24, a PEG ratio of 3.10 and a beta of 1.09.

Regency Centers (NASDAQ:REG) last released its quarterly earnings results on Tuesday, July 29th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.12 by $0.04. The firm had revenue of $369.85 million during the quarter, compared to the consensus estimate of $366.35 million. Regency Centers had a net margin of 27.00% and a return on equity of 6.05%. Regency Centers’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.06 EPS. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. Analysts predict that Regency Centers Corporation will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were given a $0.705 dividend. The ex-dividend date was Thursday, September 11th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 4.0%. Regency Centers’s dividend payout ratio (DPR) is currently 131.78%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Scotiabank upped their price target on Regency Centers from $75.00 to $76.00 and gave the stock a “sector perform” rating in a report on Thursday, August 28th. Robert W. Baird upped their target price on shares of Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Regency Centers in a report on Saturday, September 27th. Truist Financial lifted their price target on shares of Regency Centers from $79.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 15th. Finally, Wall Street Zen raised shares of Regency Centers from a “sell” rating to a “hold” rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Regency Centers has a consensus rating of “Moderate Buy” and an average target price of $79.09.

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.