VIRGINIA RETIREMENT SYSTEMS ET Al Buys Shares of 204,750 Regency Centers Corporation $REG

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Regency Centers Corporation (NASDAQ:REG) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 204,750 shares of the company’s stock, valued at approximately $14,584,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. William Blair Investment Management LLC grew its stake in Regency Centers by 2.6% in the second quarter. William Blair Investment Management LLC now owns 6,773 shares of the company’s stock valued at $482,000 after acquiring an additional 173 shares during the period. Chevy Chase Trust Holdings LLC boosted its position in shares of Regency Centers by 0.8% during the second quarter. Chevy Chase Trust Holdings LLC now owns 86,641 shares of the company’s stock worth $6,171,000 after buying an additional 688 shares during the period. Naviter Wealth LLC acquired a new position in shares of Regency Centers during the second quarter worth about $615,000. Verdence Capital Advisors LLC boosted its position in shares of Regency Centers by 4.0% during the second quarter. Verdence Capital Advisors LLC now owns 7,751 shares of the company’s stock worth $552,000 after buying an additional 298 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its position in shares of Regency Centers by 14.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,589 shares of the company’s stock worth $256,000 after buying an additional 463 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

REG has been the subject of several recent research reports. Evercore ISI upped their price objective on Regency Centers from $76.00 to $77.00 and gave the stock an “in-line” rating in a research report on Monday, September 15th. Barclays upped their price objective on Regency Centers from $79.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Monday, October 6th. Scotiabank upped their price objective on Regency Centers from $75.00 to $76.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 28th. Truist Financial upped their price objective on Regency Centers from $79.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 15th. Finally, Wells Fargo & Company increased their price target on Regency Centers from $79.00 to $81.00 and gave the company an “overweight” rating in a research report on Wednesday, August 27th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.09.

Regency Centers Stock Performance

Shares of NASDAQ REG opened at $72.24 on Monday. The stock has a 50 day moving average price of $71.71 and a 200 day moving average price of $71.31. Regency Centers Corporation has a 52 week low of $63.44 and a 52 week high of $78.18. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market capitalization of $13.12 billion, a PE ratio of 33.76, a price-to-earnings-growth ratio of 2.99 and a beta of 1.09.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.12 by $0.04. Regency Centers had a return on equity of 6.05% and a net margin of 27.00%.The firm had revenue of $369.85 million during the quarter, compared to analysts’ expectations of $366.35 million. During the same period in the prior year, the firm posted $1.06 earnings per share. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. 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 disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were given a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Thursday, September 11th. Regency Centers’s dividend payout ratio (DPR) is presently 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.