Regency Centers Corporation $REG Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its stake in Regency Centers Corporation (NASDAQ:REG) by 5.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 114,824 shares of the company’s stock after selling 6,136 shares during the period. Envestnet Asset Management Inc. owned about 0.06% of Regency Centers worth $8,179,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in shares of Regency Centers by 3.9% in the 1st quarter. JPMorgan Chase & Co. now owns 11,574,170 shares of the company’s stock valued at $853,711,000 after purchasing an additional 432,399 shares during the last quarter. Invesco Ltd. grew its stake in 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 buying an additional 525,047 shares during the last quarter. Northern Trust Corp increased its position in Regency Centers by 3.1% during the first quarter. Northern Trust Corp now owns 2,868,692 shares of the company’s stock worth $211,595,000 after buying an additional 87,078 shares during the period. Cbre Investment Management Listed Real Assets LLC lifted its stake 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 buying an additional 979,126 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in Regency Centers in the first quarter valued at approximately $182,926,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Regency Centers Price Performance

Shares of REG opened at $70.09 on Tuesday. Regency Centers Corporation has a twelve month low of $63.44 and a twelve month high of $78.18. The stock’s 50 day moving average is $71.35 and its two-hundred day moving average is $71.43. The firm has a market capitalization of $12.73 billion, a PE ratio of 32.30, a P/E/G ratio of 2.87 and a beta of 1.07. The company has a current ratio of 1.20, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72.

Regency Centers (NASDAQ:REG) last issued its earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.15. The business had revenue of $387.57 million during the quarter, compared to the consensus estimate of $374.83 million. Regency Centers had a return on equity of 6.14% and a net margin of 27.04%.During the same period in the prior year, the business posted $1.07 EPS. Regency Centers has set its FY 2025 guidance at 4.620-4.640 EPS. Research analysts anticipate that Regency Centers Corporation will post 4.54 earnings per share for the current year.

Regency Centers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th will be given a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Monday, December 15th. This is an increase from Regency Centers’s previous quarterly dividend of $0.71. Regency Centers’s payout ratio is presently 139.17%.

Analysts Set New Price Targets

REG has been the topic of a number of research reports. Evercore ISI raised their target price on shares of Regency Centers from $76.00 to $77.00 and gave the stock an “in-line” rating in a research report on Monday, September 15th. Scotiabank increased their price target on shares of Regency Centers from $75.00 to $76.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 28th. Argus upgraded shares of Regency Centers to a “strong-buy” rating in a research note on Wednesday, November 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Regency Centers in a research report on Wednesday, October 8th. Finally, Barclays boosted their target price on Regency Centers from $79.00 to $83.00 and gave the company an “equal weight” rating in a report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $79.00.

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.