Aviva PLC Grows Holdings in Regency Centers Corporation $REG

Aviva PLC grew its stake in shares of Regency Centers Corporation (NASDAQ:REG) by 7.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 129,101 shares of the company’s stock after buying an additional 8,871 shares during the quarter. Aviva PLC owned 0.07% of Regency Centers worth $9,196,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its stake in Regency Centers by 3.2% in the first 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 last quarter. Cerity Partners LLC boosted its holdings in shares of Regency Centers by 8.6% in the 1st quarter. Cerity Partners LLC now owns 8,915 shares of the company’s stock worth $658,000 after purchasing an additional 708 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of Regency Centers by 4.2% during the 1st quarter. New York State Common Retirement Fund now owns 131,981 shares of the company’s stock valued at $9,735,000 after purchasing an additional 5,300 shares during the last quarter. CWM LLC raised its holdings in shares of Regency Centers by 21.6% during the 1st quarter. CWM LLC now owns 1,570 shares of the company’s stock valued at $116,000 after buying an additional 279 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of Regency Centers by 9,201.8% during the 1st quarter. Larson Financial Group LLC now owns 5,209 shares of the company’s stock valued at $384,000 after buying an additional 5,153 shares in the last quarter. 96.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

REG has been the subject of several research reports. Mizuho upped their target price on Regency Centers from $74.00 to $77.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. Wells Fargo & Company upped their price objective on shares of Regency Centers from $81.00 to $82.00 and gave the company an “overweight” rating in a research note on Tuesday, October 21st. LADENBURG THALM/SH SH began coverage on shares of Regency Centers in a report on Tuesday, September 9th. They set a “neutral” rating and a $76.00 target price on the stock. Robert W. Baird lifted their price objective on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Finally, Wall Street Zen raised Regency Centers from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $79.00.

Regency Centers Stock Performance

Regency Centers stock opened at $70.00 on Thursday. The company has a current ratio of 1.20, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. The firm has a market cap of $12.71 billion, a P/E ratio of 32.26, a P/E/G ratio of 2.87 and a beta of 1.07. Regency Centers Corporation has a 1-year low of $63.44 and a 1-year high of $78.18. The firm has a 50-day moving average of $71.28 and a 200-day moving average of $71.42.

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

Regency Centers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Monday, December 15th will be paid a $0.755 dividend. The ex-dividend date of this dividend is Monday, December 15th. This is a positive change from Regency Centers’s previous quarterly dividend of $0.71. This represents a $3.02 dividend on an annualized basis and a yield of 4.3%. Regency Centers’s payout ratio is 139.17%.

Insiders Place Their Bets

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the business’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $70.02, for a total transaction of $1,050,300.00. Following the transaction, the chairman directly owned 272,958 shares of the company’s stock, valued at approximately $19,112,519.16. The trade was a 5.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is currently owned by company insiders.

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.