Cullen Frost Bankers Inc. Acquires 13,092 Shares of Regency Centers Corporation $REG

Cullen Frost Bankers Inc. raised its holdings in Regency Centers Corporation (NASDAQ:REG) by 9.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 158,816 shares of the company’s stock after purchasing an additional 13,092 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Regency Centers were worth $11,312,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of REG. Wayfinding Financial LLC bought a new position in shares of Regency Centers during the first quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Regency Centers by 42.3% during the first quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company’s stock worth $37,000 after purchasing an additional 150 shares during the period. GKV Capital Management Co. Inc. bought a new position in shares of Regency Centers during the first quarter worth approximately $40,000. National Pension Service grew its position in Regency Centers by 75.2% during the first quarter. National Pension Service now owns 643 shares of the company’s stock worth $47,000 after buying an additional 276 shares in the last quarter. Finally, Quarry LP grew its position in Regency Centers by 206.2% during the first quarter. Quarry LP now owns 695 shares of the company’s stock worth $51,000 after buying an additional 468 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Robert W. Baird raised their target price on Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. LADENBURG THALM/SH SH assumed coverage on 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 objective on Regency Centers from $79.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Monday, October 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Regency Centers in a research report on Wednesday, October 8th. Finally, Mizuho lifted their price objective on Regency Centers from $74.00 to $77.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.18.

Regency Centers Price Performance

REG stock opened at $72.60 on Thursday. The company has a market capitalization of $13.18 billion, a P/E ratio of 33.93, a price-to-earnings-growth ratio of 2.99 and a beta of 1.09. 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 52-week low of $63.44 and a 52-week high of $78.18. The business has a 50-day simple moving average of $71.74 and a two-hundred day simple moving average of $71.35.

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

Regency Centers Dividend Announcement

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

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.