Police & Firemen s Retirement System of New Jersey Acquires 2,527 Shares of Regency Centers Corporation $REG

Police & Firemen s Retirement System of New Jersey grew its holdings in shares of Regency Centers Corporation (NASDAQ:REG) by 3.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 68,970 shares of the company’s stock after acquiring an additional 2,527 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Regency Centers were worth $4,913,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in REG. Caitong International Asset Management Co. Ltd raised its position in Regency Centers by 42.3% in the 1st 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. purchased a new stake in Regency Centers during the 1st quarter valued at $40,000. National Pension Service grew its holdings 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 acquiring an additional 276 shares during the last quarter. Quarry LP increased its position in shares of Regency Centers by 206.2% in the first quarter. Quarry LP now owns 695 shares of the company’s stock valued at $51,000 after acquiring an additional 468 shares during the period. Finally, Catalyst Capital Advisors LLC raised its stake in shares of Regency Centers by 158.1% during the second quarter. Catalyst Capital Advisors LLC now owns 1,360 shares of the company’s stock valued at $97,000 after acquiring an additional 833 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Insider Activity

In other news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $70.02, for a total value of $1,050,300.00. Following the transaction, the chairman owned 272,958 shares in the company, valued at approximately $19,112,519.16. This represents a 5.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

REG has been the topic of a number of research analyst reports. 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 report on Tuesday, October 21st. LADENBURG THALM/SH SH began coverage on shares of Regency Centers in a report on Tuesday, September 9th. They issued a “neutral” rating and a $76.00 price objective for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Regency Centers in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Regency Centers from a “sell” rating to a “hold” rating in a research report on Saturday, October 4th. Finally, Argus upgraded shares of Regency Centers to a “strong-buy” rating in a report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $79.22.

Regency Centers Stock Down 0.3%

Shares of Regency Centers stock opened at $69.59 on Friday. Regency Centers Corporation has a 1 year low of $63.44 and a 1 year high of $78.18. The firm has a market cap of $12.63 billion, a price-to-earnings ratio of 32.07, a PEG ratio of 2.87 and a beta of 1.07. The company has a 50-day moving average of $71.13 and a 200 day moving average of $71.39. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.20 and a quick ratio of 1.13.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $1.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.15. The business had revenue of $387.57 million for the quarter, compared to analysts’ expectations of $374.83 million. Regency Centers had a net margin of 27.04% and a return on equity of 6.14%. During the same quarter in the prior year, the company earned $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 anticipate that Regency Centers Corporation will post 4.54 earnings per share for the current fiscal year.

Regency Centers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th will be issued a $0.755 dividend. This represents a $3.02 annualized dividend and a yield of 4.3%. This is a boost 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 presently 139.17%.

Regency Centers 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.