Regency Centers Corporation $REG Stake Cut by Greenleaf Trust

Greenleaf Trust reduced its holdings in Regency Centers Corporation (NASDAQ:REG) by 34.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,757 shares of the company’s stock after selling 1,986 shares during the period. Greenleaf Trust’s holdings in Regency Centers were worth $268,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in shares of Regency Centers by 3.9% during the 1st 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. raised its stake in shares of Regency Centers by 9.8% during the 1st quarter. Invesco Ltd. now owns 5,899,497 shares of the company’s stock worth $435,147,000 after purchasing an additional 525,047 shares in the last quarter. Northern Trust Corp raised 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 worth $211,595,000 after purchasing an additional 87,078 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC raised 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 worth $185,996,000 after purchasing an additional 979,126 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Regency Centers during the 1st quarter worth about $182,926,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Evercore ISI raised their price target on Regency Centers from $76.00 to $77.00 and gave the stock an “in-line” rating in a research note on Monday, September 15th. Truist Financial raised their price target on Regency Centers from $79.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 15th. Wall Street Zen raised Regency Centers from a “sell” rating to a “hold” rating in a research note on Saturday. Barclays raised their price objective on Regency Centers from $77.00 to $79.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 27th. Finally, Robert W. Baird raised their price objective on Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $78.73.

Regency Centers Stock Performance

REG opened at $71.68 on Friday. The firm has a market capitalization of $13.01 billion, a P/E ratio of 33.50, a price-to-earnings-growth ratio of 3.10 and a beta of 1.09. The stock’s 50 day moving average price is $71.80 and its two-hundred day moving average price is $71.41. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.72. Regency Centers Corporation has a 12-month low of $63.44 and a 12-month high of $78.18.

Regency Centers (NASDAQ:REG) last released its earnings results 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 firm 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 company’s revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.06 EPS. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. On average, equities analysts forecast that Regency Centers Corporation will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were issued a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Thursday, September 11th. Regency Centers’s dividend payout ratio (DPR) is presently 131.78%.

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.