Voya Investment Management LLC Cuts Position in Regency Centers Corporation $REG

Voya Investment Management LLC trimmed its holdings in shares of Regency Centers Corporation (NASDAQ:REG) by 35.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 144,279 shares of the company’s stock after selling 77,898 shares during the period. Voya Investment Management LLC owned about 0.08% of Regency Centers worth $10,642,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd boosted its position in Regency Centers by 42.3% during the first quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company’s stock valued at $37,000 after buying an additional 150 shares during the period. State of Wyoming boosted its position in Regency Centers by 11.3% during the fourth quarter. State of Wyoming now owns 1,543 shares of the company’s stock valued at $114,000 after buying an additional 157 shares during the period. Crossmark Global Holdings Inc. boosted its position in Regency Centers by 1.7% during the first quarter. Crossmark Global Holdings Inc. now owns 9,627 shares of the company’s stock valued at $710,000 after buying an additional 160 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. boosted its position in Regency Centers by 4.1% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,260 shares of the company’s stock valued at $314,000 after buying an additional 169 shares during the period. Finally, Proficio Capital Partners LLC boosted its position in Regency Centers by 4.6% during the first quarter. Proficio Capital Partners LLC now owns 3,847 shares of the company’s stock valued at $284,000 after buying an additional 170 shares during the period. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

REG has been the subject of several analyst reports. Evercore ISI upped their price target on shares of Regency Centers from $76.00 to $77.00 and gave the company an “in-line” rating in a research report on Monday. LADENBURG THALM/SH SH initiated coverage on shares of Regency Centers in a research report on Tuesday, September 9th. They set a “neutral” rating and a $76.00 price target for the company. Truist Financial upped their price target on shares of Regency Centers from $79.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 15th. Wall Street Zen downgraded shares of Regency Centers from a “hold” rating to a “sell” rating in a research note on Saturday, July 5th. Finally, Wells Fargo & Company upped their price objective on shares of Regency Centers from $79.00 to $81.00 and gave the company an “overweight” rating in a research note on Wednesday, August 27th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $78.42.

Regency Centers Price Performance

REG stock opened at $70.38 on Wednesday. Regency Centers Corporation has a 1 year low of $63.44 and a 1 year high of $78.18. The company has a market cap of $12.78 billion, a P/E ratio of 32.89, a PEG ratio of 3.07 and a beta of 1.09. The firm has a 50-day moving average of $71.47 and a 200 day moving average of $71.61. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.13 and a quick ratio of 1.13.

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

Regency Centers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be paid a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Thursday, September 11th. Regency Centers’s dividend payout ratio is presently 131.78%.

About Regency Centers

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.