Regency Centers Corporation $REG Shares Purchased by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. grew its stake in shares of Regency Centers Corporation (NASDAQ:REG) by 14.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 3,589 shares of the company’s stock after acquiring an additional 463 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Regency Centers were worth $256,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of REG. Envestnet Asset Management Inc. raised its position in shares of Regency Centers by 3.2% during the first quarter. Envestnet Asset Management Inc. now owns 120,960 shares of the company’s stock worth $8,922,000 after purchasing an additional 3,773 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Regency Centers by 14.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,322 shares of the company’s stock worth $2,210,000 after purchasing an additional 3,857 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Regency Centers by 7.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 4,296 shares of the company’s stock worth $317,000 after buying an additional 283 shares during the period. Teacher Retirement System of Texas lifted its stake in Regency Centers by 46.2% during the first quarter. Teacher Retirement System of Texas now owns 29,633 shares of the company’s stock valued at $2,186,000 after buying an additional 9,359 shares in the last quarter. Finally, Strs Ohio acquired a new position in shares of Regency Centers in the first quarter worth about $5,503,000. 96.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on REG shares. Evercore ISI boosted their price target on shares of Regency Centers from $76.00 to $77.00 and gave the company an “in-line” rating in a report on Monday, September 15th. Barclays boosted their target price on shares of Regency Centers from $79.00 to $83.00 and gave the company an “equal weight” rating in a research note on Monday, October 6th. Weiss Ratings restated a “buy (b-)” rating on shares of Regency Centers in a report on Wednesday, October 8th. Wall Street Zen upgraded Regency Centers from a “sell” rating to a “hold” rating in a report on Saturday, October 4th. Finally, LADENBURG THALM/SH SH initiated coverage on Regency Centers in a research report on Tuesday, September 9th. They set a “neutral” rating and a $76.00 price target on the stock. Seven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Regency Centers has a consensus rating of “Moderate Buy” and an average price target of $79.10.

Regency Centers Trading Up 0.2%

Regency Centers stock opened at $72.64 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 quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.72. The stock has a market cap of $13.19 billion, a P/E ratio of 33.94, a P/E/G ratio of 3.00 and a beta of 1.09. The company’s fifty day simple moving average is $71.80 and its 200-day simple moving average is $71.43.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.04. The business had revenue of $369.85 million during 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%.Regency Centers’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the company earned $1.06 earnings per share. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. As a group, sell-side analysts forecast that Regency Centers Corporation will post 4.54 EPS for the current fiscal year.

Regency Centers Announces Dividend

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