Alliancebernstein L.P. Sells 943 Shares of Regency Centers Corporation $REG

Alliancebernstein L.P. trimmed its holdings in shares of Regency Centers Corporation (NASDAQ:REG) by 0.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 212,153 shares of the company’s stock after selling 943 shares during the quarter. Alliancebernstein L.P. owned 0.12% of Regency Centers worth $15,648,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in REG. Nuveen LLC bought a new position in shares of Regency Centers during the first quarter valued at $182,926,000. Wellington Management Group LLP grew its stake in shares of Regency Centers by 2,846.0% in the first quarter. Wellington Management Group LLP now owns 1,256,228 shares of the company’s stock worth $92,659,000 after purchasing an additional 1,213,586 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC increased its holdings in Regency Centers by 63.5% in the first 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 purchasing an additional 979,126 shares during the period. Invesco Ltd. increased its holdings in Regency Centers by 9.8% in the first quarter. Invesco Ltd. now owns 5,899,497 shares of the company’s stock valued at $435,147,000 after purchasing an additional 525,047 shares during the period. Finally, Jefferies Financial Group Inc. bought a new position in Regency Centers during the 1st quarter worth $32,136,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on REG. Wall Street Zen cut Regency Centers from a “hold” rating to a “sell” rating in a report on Saturday, July 5th. Wells Fargo & Company boosted their target price on Regency Centers from $79.00 to $81.00 and gave the company an “overweight” rating in a research report on Wednesday, August 27th. Truist Financial raised their price objective on shares of Regency Centers from $79.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 15th. LADENBURG THALM/SH SH initiated coverage on Regency Centers in a research report on Tuesday. They set a “neutral” rating and a $76.00 target price on the stock. Finally, Evercore ISI upped their price objective on shares of Regency Centers from $79.00 to $80.00 and gave the stock an “in-line” rating in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Regency Centers has an average rating of “Moderate Buy” and a consensus target price of $78.67.

Regency Centers Stock Up 0.2%

REG opened at $72.24 on Friday. Regency Centers Corporation has a 12 month low of $63.44 and a 12 month high of $78.18. The company has a 50 day moving average of $71.42 and a 200 day moving average of $71.73. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. The company has a market cap of $13.12 billion, a PE ratio of 33.76, a price-to-earnings-growth ratio of 3.12 and a beta of 1.09.

Regency Centers (NASDAQ:REG) last released its quarterly earnings data on Tuesday, July 29th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.04. The company had revenue of $369.85 million for the quarter, compared to analyst estimates of $366.35 million. Regency Centers had a return on equity of 6.05% and a net margin of 27.00%.The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.06 EPS. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. On average, sell-side analysts expect that Regency Centers Corporation will post 4.54 EPS for the current year.

Regency Centers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be given a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Thursday, September 11th. Regency Centers’s payout ratio is 131.78%.

Regency Centers 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.