Mutual of America Capital Management LLC Sells 246 Shares of Regency Centers Corporation $REG

Mutual of America Capital Management LLC lowered its stake in shares of Regency Centers Corporation (NASDAQ:REG) by 1.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 18,735 shares of the company’s stock after selling 246 shares during the period. Mutual of America Capital Management LLC’s holdings in Regency Centers were worth $1,334,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Envestnet Asset Management Inc. lifted its stake in Regency Centers by 3.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 120,960 shares of the company’s stock valued at $8,922,000 after acquiring an additional 3,773 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of 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 during the period. Janney Montgomery Scott LLC lifted its stake in shares of Regency Centers by 7.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 4,296 shares of the company’s stock worth $317,000 after purchasing an additional 283 shares during the period. Teacher Retirement System of Texas lifted its stake in shares of Regency Centers by 46.2% in the 1st quarter. Teacher Retirement System of Texas now owns 29,633 shares of the company’s stock worth $2,186,000 after purchasing an additional 9,359 shares during the period. Finally, Strs Ohio bought a new position in shares of Regency Centers in the 1st quarter worth approximately $5,503,000. Institutional investors own 96.07% of the company’s stock.

Regency Centers Price Performance

NASDAQ REG opened at $72.64 on Monday. Regency Centers Corporation has a 12 month low of $63.44 and a 12 month high of $78.18. The stock has a market cap of $13.19 billion, a price-to-earnings ratio of 33.94, a PEG ratio of 3.02 and a beta of 1.09. The company’s 50 day moving average is $71.80 and its two-hundred day moving average is $71.49. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72.

Regency Centers (NASDAQ:REG) last released its earnings results on Tuesday, July 29th. The company reported $1.16 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 for the quarter, compared to analysts’ expectations of $366.35 million. During the same quarter last year, the business earned $1.06 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. As a group, research analysts anticipate that Regency Centers Corporation will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

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

Analysts Set New Price Targets

REG has been the topic of several recent research reports. Robert W. Baird increased their price objective on shares of Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Wells Fargo & Company upped their price objective on Regency Centers from $81.00 to $82.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 21st. Weiss Ratings restated a “buy (b-)” rating on shares of Regency Centers in a research note on Saturday. LADENBURG THALM/SH SH started coverage on Regency Centers in a research note on Tuesday, September 9th. They issued a “neutral” rating and a $76.00 price objective for the company. Finally, Barclays upped their price objective on Regency Centers from $79.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Monday, October 6th. Seven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $79.10.

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.