Vanguard Group Inc. Sells 86,479 Shares of Regency Centers Corporation $REG

Vanguard Group Inc. trimmed its holdings in Regency Centers Corporation (NASDAQ:REG) by 0.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,093,789 shares of the company’s stock after selling 86,479 shares during the quarter. Vanguard Group Inc. owned about 15.47% of Regency Centers worth $2,001,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of REG. Nomura Asset Management Co. Ltd. increased its stake in shares of Regency Centers by 4.2% during the second quarter. Nomura Asset Management Co. Ltd. now owns 293,625 shares of the company’s stock valued at $20,915,000 after purchasing an additional 11,937 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Regency Centers by 19.5% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 383,823 shares of the company’s stock worth $27,340,000 after buying an additional 62,635 shares during the last quarter. Westwood Holdings Group Inc. bought a new position in Regency Centers during the 2nd quarter valued at approximately $582,000. Cetera Investment Advisers increased its position in Regency Centers by 9.2% during the 2nd quarter. Cetera Investment Advisers now owns 5,921 shares of the company’s stock valued at $422,000 after buying an additional 497 shares in the last quarter. Finally, Creative Planning raised its stake in Regency Centers by 2.3% during the second quarter. Creative Planning now owns 15,023 shares of the company’s stock valued at $1,070,000 after buying an additional 332 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Regency Centers Price Performance

NASDAQ REG opened at $70.87 on Friday. The stock has a market capitalization of $12.87 billion, a price-to-earnings ratio of 32.66, a PEG 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. 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 business’s fifty day moving average price is $70.86 and its 200-day moving average price is $71.30.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $1.15 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 company had revenue of $387.57 million during the quarter, compared to analyst estimates of $374.83 million. During the same quarter in the previous 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, equities analysts predict that Regency Centers Corporation will post 4.54 earnings per share 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 given a dividend of $0.755 per share. 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. This is an increase from Regency Centers’s previous quarterly dividend of $0.71. Regency Centers’s payout ratio is currently 139.17%.

Insider Buying and Selling at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the firm’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 of the company’s stock, valued at approximately $19,112,519.16. This trade represents a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on REG. Truist Financial lowered their price target on Regency Centers from $81.00 to $77.00 and set a “buy” rating for the company in a research report on Tuesday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Regency Centers in a research note on Wednesday, October 8th. Mizuho raised their price target on shares of Regency Centers from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. Wells Fargo & Company upped their price objective on Regency Centers from $81.00 to $82.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. Finally, LADENBURG THALM/SH SH started coverage on Regency Centers in a research note on Tuesday, September 9th. They set a “neutral” rating and a $76.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.67.

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.