Charles Schwab Investment Management Inc. Boosts Holdings in Regency Centers Corporation $REG

Charles Schwab Investment Management Inc. grew its position in Regency Centers Corporation (NASDAQ:REG) by 3.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 2,426,163 shares of the company’s stock after purchasing an additional 77,978 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Regency Centers were worth $172,816,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Regency Centers by 42.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company’s stock valued at $37,000 after purchasing an additional 150 shares during the last quarter. GKV Capital Management Co. Inc. purchased a new stake in Regency Centers in the first quarter valued at about $40,000. National Pension Service boosted its holdings in Regency Centers by 75.2% in the first quarter. National Pension Service now owns 643 shares of the company’s stock worth $47,000 after acquiring an additional 276 shares in the last quarter. Quarry LP boosted its holdings in Regency Centers by 206.2% in the first quarter. Quarry LP now owns 695 shares of the company’s stock worth $51,000 after acquiring an additional 468 shares in the last quarter. Finally, Catalyst Capital Advisors LLC grew 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 worth $97,000 after acquiring an additional 833 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was 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 of the company’s stock, valued at $19,112,519.16. This trade represents a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on REG. Robert W. Baird increased their price objective on shares of Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Mizuho raised their price target on shares of Regency Centers from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. Scotiabank lifted their price objective on shares of Regency Centers from $76.00 to $78.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 13th. Argus raised Regency Centers to a “strong-buy” rating in a research report on Wednesday, November 5th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Regency Centers in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $78.63.

Regency Centers Stock Up 0.3%

REG stock opened at $71.26 on Thursday. The company has a market capitalization of $12.94 billion, a P/E ratio of 32.84, a price-to-earnings-growth ratio of 2.87 and a beta of 1.07. Regency Centers Corporation has a 12 month low of $63.44 and a 12 month high of $78.18. The firm’s fifty day simple moving average is $70.91 and its 200-day simple moving average is $71.27. 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 posted its earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.15. Regency Centers had a net margin of 27.04% and a return on equity of 6.14%. The company 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, equities research analysts forecast that Regency Centers Corporation will post 4.54 earnings per share for the current year.

Regency Centers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th will be issued a $0.755 dividend. 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. This represents a $3.02 annualized dividend and a dividend yield of 4.2%. Regency Centers’s payout ratio is presently 139.17%.

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.