Stableford Capital II LLC Reduces Stock Holdings in Regency Centers Corporation $REG

Stableford Capital II LLC lowered its stake in Regency Centers Corporation (NASDAQ:REG) by 1.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 28,359 shares of the company’s stock after selling 414 shares during the quarter. Regency Centers makes up 0.8% of Stableford Capital II LLC’s portfolio, making the stock its 29th biggest holding. Stableford Capital II LLC’s holdings in Regency Centers were worth $2,019,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its stake in shares of Regency Centers by 3.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 120,960 shares of the company’s stock valued at $8,922,000 after purchasing an additional 3,773 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Regency Centers by 14.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,322 shares of the company’s stock worth $2,210,000 after buying an additional 3,857 shares during the period. Janney Montgomery Scott LLC boosted its position in Regency Centers by 7.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 4,296 shares of the company’s stock valued at $317,000 after acquiring an additional 283 shares in the last quarter. Teacher Retirement System of Texas boosted its position in Regency Centers by 46.2% during the 1st quarter. Teacher Retirement System of Texas now owns 29,633 shares of the company’s stock valued at $2,186,000 after acquiring an additional 9,359 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Regency Centers by 43.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,435 shares of the company’s stock worth $106,000 after acquiring an additional 432 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on REG. Mizuho lifted their price target on Regency Centers from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. Wall Street Zen upgraded shares of Regency Centers from a “sell” rating to a “hold” rating in a report on Saturday, October 4th. LADENBURG THALM/SH SH assumed coverage on shares of Regency Centers in a research note on Tuesday, September 9th. They issued a “neutral” rating and a $76.00 price target for the company. Barclays lifted their price target on shares of Regency Centers from $79.00 to $83.00 and gave the company an “equal weight” rating in a research report on Monday, October 6th. Finally, Robert W. Baird upped their price objective on shares of Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Regency Centers has a consensus rating of “Moderate Buy” and an average target price of $79.09.

Regency Centers Price Performance

Shares of NASDAQ:REG opened at $72.43 on Thursday. The business has a fifty day moving average price of $71.72 and a 200-day moving average price of $71.37. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $13.15 billion, a PE ratio of 33.85, a PEG ratio of 2.97 and a beta of 1.09. Regency Centers Corporation has a 1-year low of $63.44 and a 1-year high of $78.18.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.12 by $0.04. The company had revenue of $369.85 million for 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 period in the prior year, the firm posted $1.06 EPS. 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 EPS for the current fiscal year.

Regency Centers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were given a dividend of $0.705 per share. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $2.82 annualized dividend and a dividend yield of 3.9%. Regency Centers’s dividend payout ratio (DPR) is 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.