Intrua Financial LLC Reduces Holdings in Regency Centers Corporation $REG

Intrua Financial LLC reduced its position in Regency Centers Corporation (NASDAQ:REG) by 21.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,890 shares of the company’s stock after selling 1,342 shares during the period. Intrua Financial LLC’s holdings in Regency Centers were worth $348,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Candriam S.C.A. acquired a new position in shares of Regency Centers in the second quarter worth about $1,791,000. Police & Firemen s Retirement System of New Jersey grew its stake in Regency Centers by 3.8% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 68,970 shares of the company’s stock valued at $4,913,000 after purchasing an additional 2,527 shares in the last quarter. Geode Capital Management LLC increased its holdings in Regency Centers by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 4,786,646 shares of the company’s stock worth $339,669,000 after purchasing an additional 65,719 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Regency Centers by 13.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 22,701 shares of the company’s stock valued at $1,617,000 after purchasing an additional 2,641 shares in the last quarter. Finally, M&G PLC boosted its stake in shares of Regency Centers by 13.2% during the 2nd quarter. M&G PLC now owns 2,888 shares of the company’s stock valued at $205,000 after buying an additional 336 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

REG has been the subject of a number of recent analyst reports. Scotiabank raised their price target on shares of Regency Centers from $76.00 to $78.00 and gave the stock a “sector perform” rating in a research report on Thursday. Evercore ISI raised their price objective on shares of Regency Centers from $76.00 to $77.00 and gave the stock an “in-line” rating in a report on Monday, September 15th. Robert W. Baird boosted their target price on shares of Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. LADENBURG THALM/SH SH assumed coverage on shares of Regency Centers in a research report on Tuesday, September 9th. They set a “neutral” rating and a $76.00 price target on the stock. Finally, Mizuho boosted their price objective on Regency Centers from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Regency Centers presently has an average rating of “Moderate Buy” and a consensus target price of $79.22.

Regency Centers Stock Down 0.3%

REG stock opened at $69.59 on Friday. The stock has a market cap of $12.63 billion, a PE ratio of 32.07, a price-to-earnings-growth ratio of 2.87 and a beta of 1.07. The firm’s 50-day simple moving average is $71.13 and its 200 day simple moving average is $71.39. Regency Centers Corporation has a fifty-two week low of $63.44 and a fifty-two week high of $78.18. The company has a quick ratio of 1.13, a current ratio of 1.20 and a debt-to-equity ratio of 0.72.

Regency Centers (NASDAQ:REG) last issued 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. Regency Centers had a return on equity of 6.14% and a net margin of 27.04%.The business had revenue of $387.57 million during the quarter, compared to the consensus estimate of $374.83 million. During the same period in the previous year, the firm posted $1.07 earnings per share. Regency Centers has set its FY 2025 guidance at 4.620-4.640 EPS. As a group, sell-side analysts predict that Regency Centers Corporation will post 4.54 EPS for the current 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 issued a dividend of $0.755 per share. This represents a $3.02 dividend on an annualized basis and a dividend yield of 4.3%. 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. Regency Centers’s dividend payout ratio is 139.17%.

Insider Activity at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 15,000 shares of Regency Centers stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $70.02, for a total transaction of $1,050,300.00. Following the sale, the chairman directly owned 272,958 shares in the company, valued at $19,112,519.16. The trade was a 5.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.00% of the company’s stock.

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.