Wealthfront Advisers LLC Has $1.93 Million Stock Position in Regency Centers Corporation $REG

Wealthfront Advisers LLC boosted its holdings in Regency Centers Corporation (NASDAQ:REG) by 0.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,081 shares of the company’s stock after buying an additional 226 shares during the period. Wealthfront Advisers LLC’s holdings in Regency Centers were worth $1,929,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Wayfinding Financial LLC acquired a new stake in shares of Regency Centers in the first quarter worth $25,000. Caitong International Asset Management Co. Ltd raised its stake in Regency Centers by 42.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company’s stock valued at $37,000 after purchasing an additional 150 shares during the last quarter. GKV Capital Management Co. Inc. bought a new stake in Regency Centers in the 1st quarter valued at $40,000. National Pension Service grew its position in Regency Centers by 75.2% in the 1st quarter. National Pension Service now owns 643 shares of the company’s stock worth $47,000 after purchasing an additional 276 shares during the last quarter. Finally, Quarry LP grew its position in Regency Centers by 206.2% in the 1st quarter. Quarry LP now owns 695 shares of the company’s stock worth $51,000 after purchasing an additional 468 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on REG shares. LADENBURG THALM/SH SH began coverage on shares of Regency Centers in a research report on Tuesday, September 9th. They set a “neutral” rating and a $76.00 price objective for the company. Wells Fargo & Company boosted their price target on Regency Centers from $81.00 to $82.00 and gave the company an “overweight” rating in a research note on Tuesday, October 21st. Mizuho upped their price target on Regency Centers from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. Barclays lifted their price objective on Regency Centers from $79.00 to $83.00 and gave the stock an “equal weight” rating in a report on Monday, October 6th. Finally, Wall Street Zen upgraded Regency Centers from a “sell” rating to a “hold” rating in a research report on Saturday, October 4th. Seven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.10.

Regency Centers Price Performance

Regency Centers stock opened at $69.39 on Friday. The business has a 50 day simple moving average of $71.77 and a 200 day simple moving average of $71.52. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.20 and a quick ratio of 1.13. The company has a market capitalization of $12.60 billion, a PE ratio of 31.98, a price-to-earnings-growth ratio of 2.87 and a beta of 1.09. Regency Centers Corporation has a one year low of $63.44 and a one year high of $78.18.

Regency Centers (NASDAQ:REG) last released its quarterly earnings data on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.15. The firm had revenue of $387.57 million during the quarter, compared to analyst estimates of $374.83 million. Regency Centers had a return on equity of 6.14% and a net margin of 27.04%.During the same period in the prior year, the company posted $1.07 earnings per share. Regency Centers has set its FY 2025 guidance at 4.620-4.640 EPS. On average, sell-side analysts forecast that Regency Centers Corporation will post 4.54 EPS for the current fiscal year.

Regency Centers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Monday, December 15th will be issued a dividend of $0.755 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $3.02 annualized dividend and a yield of 4.4%. This is an increase from Regency Centers’s previous quarterly dividend of $0.71. Regency Centers’s payout ratio is 131.78%.

About Regency Centers

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.