Allianz Asset Management GmbH Sells 14,468 Shares of Regency Centers Corporation $REG

Allianz Asset Management GmbH lessened its stake in shares of Regency Centers Corporation (NASDAQ:REG) by 7.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 177,142 shares of the company’s stock after selling 14,468 shares during the quarter. Allianz Asset Management GmbH’s holdings in Regency Centers were worth $12,618,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Naviter Wealth LLC bought a new stake in shares of Regency Centers during the second quarter worth $615,000. Verdence Capital Advisors LLC lifted its holdings in shares of Regency Centers by 4.0% during the second quarter. Verdence Capital Advisors LLC now owns 7,751 shares of the company’s stock worth $552,000 after purchasing an additional 298 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Regency Centers by 14.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,589 shares of the company’s stock worth $256,000 after purchasing an additional 463 shares during the period. Sequoia Financial Advisors LLC acquired a new position in shares of Regency Centers during the second quarter worth $850,000. Finally, Yousif Capital Management LLC lifted its holdings in shares of Regency Centers by 2.4% during the second quarter. Yousif Capital Management LLC now owns 39,534 shares of the company’s stock worth $2,816,000 after purchasing an additional 935 shares during the period. Institutional investors own 96.07% of the company’s stock.

Regency Centers Price Performance

Shares of NASDAQ REG opened at $72.21 on Tuesday. The firm’s 50-day moving average price is $71.72 and its 200-day moving average price is $71.34. Regency Centers Corporation has a 1-year low of $63.44 and a 1-year high of $78.18. The firm has a market capitalization of $13.11 billion, a P/E ratio of 33.74, a P/E/G ratio of 2.99 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.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.16 earnings per share for the quarter, beating 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 firm had revenue of $369.85 million for the quarter, compared to analyst estimates of $366.35 million. During the same quarter in the prior year, the business earned $1.06 earnings per share. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. Equities research analysts anticipate that Regency Centers Corporation will post 4.54 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were issued a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Thursday, September 11th. Regency Centers’s dividend payout ratio is currently 131.78%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Scotiabank lifted their price target on shares of Regency Centers from $75.00 to $76.00 and gave the stock a “sector perform” rating in a report on Thursday, August 28th. 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 report on Friday, August 15th. Robert W. Baird lifted their price target 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. Evercore ISI lifted their price objective on Regency Centers from $76.00 to $77.00 and gave the stock an “in-line” rating in a research report on Monday, September 15th. Finally, Barclays raised their target price on Regency Centers from $79.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $79.09.

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.