Regency Centers Corporation $REG Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its holdings in shares of Regency Centers Corporation (NASDAQ:REG) by 2.8% during the second quarter, Holdings Channel reports. The firm owned 1,519,585 shares of the company’s stock after purchasing an additional 41,986 shares during the quarter. Bank of New York Mellon Corp’s holdings in Regency Centers were worth $108,240,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in shares of Regency Centers by 3.9% in the first quarter. JPMorgan Chase & Co. now owns 11,574,170 shares of the company’s stock valued at $853,711,000 after purchasing an additional 432,399 shares in the last quarter. Invesco Ltd. boosted its position in Regency Centers by 9.8% in the 1st quarter. Invesco Ltd. now owns 5,899,497 shares of the company’s stock valued at $435,147,000 after buying an additional 525,047 shares during the period. Northern Trust Corp boosted its position in Regency Centers by 3.1% in the 1st quarter. Northern Trust Corp now owns 2,868,692 shares of the company’s stock valued at $211,595,000 after buying an additional 87,078 shares during the period. Cbre Investment Management Listed Real Assets LLC grew its stake in shares of Regency Centers by 63.5% in the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,521,633 shares of the company’s stock worth $185,996,000 after acquiring an additional 979,126 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Regency Centers during the first quarter worth $182,926,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Regency Centers Trading Up 1.5%

REG opened at $69.77 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.20. Regency Centers Corporation has a one year low of $63.44 and a one year high of $78.18. The company has a market cap of $12.67 billion, a P/E ratio of 32.15, a PEG ratio of 2.87 and a beta of 1.07. The business’s 50-day simple moving average is $71.40 and its 200-day simple moving average is $71.45.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 posted $1.07 earnings per share. Regency Centers has set its FY 2025 guidance at 4.620-4.640 EPS. As a group, equities research analysts expect that Regency Centers Corporation will post 4.54 EPS for the current fiscal year.

Regency Centers Increases Dividend

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

Analysts Set New Price Targets

REG has been the subject of a number of recent research reports. Wells Fargo & Company lifted their target price on Regency Centers from $81.00 to $82.00 and gave the company an “overweight” rating in a report on Tuesday, October 21st. Wall Street Zen upgraded Regency Centers from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th. Truist Financial upped their target price on shares of Regency Centers from $79.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 15th. Mizuho raised their target price on shares of Regency Centers from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. Finally, Scotiabank boosted 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. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $79.00.

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.