Bank of Montreal Can Trims Stock Position in Regency Centers Corporation $REG

Bank of Montreal Can cut its holdings in shares of Regency Centers Corporation (NASDAQ:REG) by 30.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 126,787 shares of the company’s stock after selling 54,699 shares during the period. Bank of Montreal Can’s holdings in Regency Centers were worth $9,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Presima Securities ULC raised its stake in shares of Regency Centers by 2.4% during the 2nd quarter. Presima Securities ULC now owns 47,724 shares of the company’s stock valued at $3,399,000 after buying an additional 1,112 shares during the last quarter. AlphaStar Capital Management LLC acquired a new stake in Regency Centers during the second quarter worth about $299,000. Impact Partnership Wealth LLC purchased a new position in Regency Centers during the second quarter valued at approximately $351,000. Amalgamated Bank lifted its holdings in Regency Centers by 0.9% in the second quarter. Amalgamated Bank now owns 32,936 shares of the company’s stock valued at $2,346,000 after acquiring an additional 298 shares during the period. Finally, Atria Investments Inc boosted its position in Regency Centers by 3.3% in the 2nd quarter. Atria Investments Inc now owns 4,847 shares of the company’s stock worth $345,000 after purchasing an additional 156 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

REG has been the subject of several recent research reports. Wells Fargo & Company lifted their target price on shares of Regency Centers from $81.00 to $82.00 and gave the company an “overweight” rating in a report on Tuesday, October 21st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Regency Centers in a report on Wednesday, October 8th. Barclays upped their price objective on shares of Regency Centers from $79.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Monday, October 6th. Evercore ISI raised their target price on Regency Centers from $76.00 to $77.00 and gave the company an “in-line” rating in a research report on Monday, September 15th. Finally, Wall Street Zen raised Regency Centers from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.00.

Regency Centers Stock Performance

NASDAQ REG opened at $69.77 on Monday. 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 stock’s 50 day simple moving average is $71.40 and its 200-day simple moving average is $71.44. The company has a market cap of $12.67 billion, a PE ratio of 32.15, a price-to-earnings-growth ratio of 2.87 and a beta of 1.07. Regency Centers Corporation has a 1-year low of $63.44 and a 1-year high of $78.18.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $1.15 EPS for the quarter, meeting the consensus estimate of $1.15. The firm had revenue of $387.57 million during the quarter, compared to the consensus estimate 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 earned $1.07 EPS. Regency Centers has set its FY 2025 guidance at 4.620-4.640 EPS. As a group, equities research analysts anticipate that Regency Centers Corporation will post 4.54 EPS for the current fiscal year.

Regency Centers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th will be paid a $0.755 dividend. This is an increase from Regency Centers’s previous quarterly dividend of $0.71. This represents a $3.02 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Monday, December 15th. Regency Centers’s payout ratio is 139.17%.

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.