J. Safra Sarasin Holding AG Purchases New Holdings in Regency Centers Corporation $REG

J. Safra Sarasin Holding AG purchased a new stake in shares of Regency Centers Corporation (NASDAQ:REG) in the 2nd quarter, Holdings Channel reports. The fund purchased 24,966 shares of the company’s stock, valued at approximately $1,778,000.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on REG shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Regency Centers in a research note on Saturday, September 27th. Evercore ISI raised their price objective 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. Truist Financial raised their price objective on Regency Centers from $79.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 15th. LADENBURG THALM/SH SH assumed coverage on Regency Centers in a report on Tuesday, September 9th. They set a “neutral” rating and a $76.00 price target for the company. Finally, Wall Street Zen raised Regency Centers from a “sell” rating to a “hold” rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.73.

Regency Centers Price Performance

Shares of NASDAQ REG opened at $71.68 on Friday. The stock has a market capitalization of $13.01 billion, a PE ratio of 33.50, a P/E/G ratio of 3.10 and a beta of 1.09. The business has a fifty day moving average price of $71.80 and a two-hundred day moving average price of $71.41. 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 debt-to-equity ratio of 0.72, a current ratio of 1.13 and a quick ratio of 1.13.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.04. The business had revenue of $369.85 million during the quarter, compared to the consensus estimate of $366.35 million. Regency Centers had a return on equity of 6.05% and a net margin of 27.00%.Regency Centers’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.06 earnings per share. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. As a group, equities analysts predict that Regency Centers Corporation will post 4.54 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were issued a dividend of $0.705 per share. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.9%. Regency Centers’s payout ratio is 131.78%.

About Regency Centers

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.