Regency Centers Corporation (NASDAQ:REG – Get Free Report) announced a quarterly dividend on Wednesday, August 5th. Investors of record on Friday, September 11th will be given a dividend of 0.755 per share on Friday, October 2nd. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Friday, September 11th.
Regency Centers has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Regency Centers has a dividend payout ratio of 123.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Regency Centers to earn $5.09 per share next year, which means the company should continue to be able to cover its $3.02 annual dividend with an expected future payout ratio of 59.3%.
Regency Centers Stock Performance
Shares of REG stock opened at $75.93 on Wednesday. Regency Centers has a 12-month low of $66.86 and a 12-month high of $83.66. The business’s fifty day simple moving average is $78.52 and its 200-day simple moving average is $78.20. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.71. The company has a market cap of $13.90 billion, a PE ratio of 25.74, a PEG ratio of 4.47 and a beta of 0.79.
Insider Activity
In related news, insider Terah Devereaux sold 1,240 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $80.14, for a total value of $99,373.60. Following the completion of the sale, the insider owned 17,990 shares of the company’s stock, valued at approximately $1,441,718.60. This trade represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System raised its stake in Regency Centers by 6,154.1% during the second quarter. California State Teachers Retirement System now owns 20,380,109 shares of the company’s stock worth $1,625,110,000 after purchasing an additional 20,054,241 shares during the period. BlackRock Inc. acquired a new stake in shares of Regency Centers during the 2nd quarter worth approximately $1,597,868,000. Norges Bank acquired a new stake in shares of Regency Centers during the 4th quarter worth approximately $1,183,667,000. State Street Corp increased its holdings in shares of Regency Centers by 1.4% during the 4th quarter. State Street Corp now owns 12,572,876 shares of the company’s stock worth $877,261,000 after buying an additional 168,884 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Regency Centers by 10.3% during the 1st quarter. Principal Financial Group Inc. now owns 10,004,796 shares of the company’s stock valued at $756,967,000 after buying an additional 931,272 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.
Regency Centers Company Profile
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.
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