Regency Centers Corporation $REG Stake Raised by Legal & General Group Plc

Legal & General Group Plc raised its holdings in shares of Regency Centers Corporation (NASDAQ:REG) by 1.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,774,056 shares of the company’s stock after purchasing an additional 27,507 shares during the period. Legal & General Group Plc’s holdings in Regency Centers were worth $126,366,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in shares of Regency Centers by 3.9% in the first quarter. JPMorgan Chase & Co. now owns 11,574,170 shares of the company’s stock worth $853,711,000 after purchasing an additional 432,399 shares in the last quarter. Invesco Ltd. increased its stake in Regency Centers by 9.8% in the 1st quarter. Invesco Ltd. now owns 5,899,497 shares of the company’s stock valued at $435,147,000 after buying an additional 525,047 shares during the period. Geode Capital Management LLC lifted its position in Regency Centers by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 4,786,646 shares of the company’s stock worth $339,669,000 after buying an additional 65,719 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Regency Centers by 3.1% during the 1st quarter. Northern Trust Corp now owns 2,868,692 shares of the company’s stock valued at $211,595,000 after buying an additional 87,078 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC boosted its stake in shares of Regency Centers by 63.5% during 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 buying an additional 979,126 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Regency Centers Price Performance

NASDAQ REG opened at $71.17 on Tuesday. Regency Centers Corporation has a fifty-two week low of $63.44 and a fifty-two week high of $78.18. The stock’s 50-day moving average is $70.87 and its two-hundred day moving average is $71.28. The firm has a market cap of $12.92 billion, a P/E ratio of 32.80, a price-to-earnings-growth ratio of 2.87 and a beta of 1.07. 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 released its quarterly earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 posted $1.07 EPS. Regency Centers has set its FY 2025 guidance at 4.620-4.640 EPS. On average, analysts anticipate that Regency Centers Corporation will post 4.54 earnings per share for the current fiscal year.

Regency Centers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th will be issued a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a yield of 4.2%. This is a boost from Regency Centers’s previous quarterly dividend of $0.71. The ex-dividend date is Monday, December 15th. Regency Centers’s dividend payout ratio is 139.17%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Wells Fargo & Company increased their price objective on Regency Centers from $81.00 to $82.00 and gave the stock an “overweight” rating in a report on Tuesday, October 21st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Regency Centers in a research report on Wednesday, October 8th. LADENBURG THALM/SH SH began coverage on Regency Centers in a research note on Tuesday, September 9th. They set a “neutral” rating and a $76.00 price target for the company. Argus raised Regency Centers to a “strong-buy” rating in a research note on Wednesday, November 5th. Finally, Evercore ISI increased their price objective on Regency Centers from $76.00 to $77.00 and gave the stock an “in-line” rating in a report on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $78.67.

Insider Activity at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 15,000 shares of Regency Centers 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 $19,112,519.16. This trade represents a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

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.