Massachusetts Financial Services Co. MA Takes Position in Regency Centers Corporation $REG

Massachusetts Financial Services Co. MA acquired a new stake in shares of Regency Centers Corporation (NASDAQ:REG) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,469,744 shares of the company’s stock, valued at approximately $107,144,000. Massachusetts Financial Services Co. MA owned approximately 0.81% of Regency Centers at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wolverine Asset Management LLC purchased a new position in shares of Regency Centers during the third quarter worth approximately $1,083,000. Nordea Investment Management AB grew its holdings in shares of Regency Centers by 10.1% during the 3rd quarter. Nordea Investment Management AB now owns 14,775 shares of the company’s stock valued at $1,068,000 after purchasing an additional 1,360 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Regency Centers by 1.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 543,146 shares of the company’s stock valued at $39,595,000 after purchasing an additional 8,225 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in Regency Centers by 32.0% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 18,613 shares of the company’s stock worth $1,357,000 after purchasing an additional 4,510 shares during the period. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in Regency Centers in the third quarter worth $33,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Insider Activity

In related news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the stock in a transaction dated 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 completion of the transaction, the chairman directly owned 272,958 shares of the company’s stock, valued at $19,112,519.16. This represents a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is owned by corporate insiders.

Regency Centers Price Performance

Shares of REG stock opened at $70.53 on Wednesday. The firm has a market cap of $12.90 billion, a P/E ratio of 32.50, a P/E/G ratio of 2.67 and a beta of 0.93. Regency Centers Corporation has a fifty-two week low of $63.44 and a fifty-two week high of $78.18. The business’s 50 day moving average price is $69.50 and its 200-day moving average price is $70.65. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.20 and a current ratio of 1.20.

Regency Centers (NASDAQ:REG) last announced its earnings results on Tuesday, October 28th. The company reported $1.15 EPS for the quarter, meeting analysts’ consensus estimates of $1.15. The company had revenue of $387.57 million during the quarter, compared to the consensus estimate of $374.83 million. Regency Centers had a return on equity of 6.14% and a net margin of 27.04%.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. On average, equities research analysts anticipate that Regency Centers Corporation will post 4.54 earnings per share for the current year.

Regency Centers Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th were paid a dividend of $0.755 per share. This represents a $3.02 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Monday, December 15th. This is a positive change from Regency Centers’s previous quarterly dividend of $0.71. Regency Centers’s payout ratio is presently 139.17%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on REG shares. KeyCorp reaffirmed a “sector weight” rating on shares of Regency Centers in a research note on Thursday, December 4th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Regency Centers in a research note on Monday, December 29th. Argus upgraded Regency Centers to a “strong-buy” rating in a research report on Wednesday, November 5th. Barclays raised Regency Centers from an “equal weight” rating to an “overweight” rating and dropped their price objective for the company from $83.00 to $82.00 in a research note on Tuesday, November 18th. Finally, Jefferies Financial Group set a $79.00 target price on shares of Regency Centers in a research note on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, Regency Centers currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.69.

About Regency Centers

Regency Centers Corporation is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of grocery-anchored shopping centers. Focused on everyday needs retail, the company’s portfolio is strategically concentrated in high-growth, densely populated markets across the United States. By aligning its properties with essential retailers, Regency Centers delivers stable income streams and drives sustained value for shareholders.

Founded in 1963 and headquartered in Jacksonville, Florida, Regency Centers began as a single shopping center developer before evolving into one of the largest owners of grocery-center real estate.