1832 Asset Management L.P. Has $11 Million Stake in Regency Centers Corporation $REG

1832 Asset Management L.P. lowered its holdings in Regency Centers Corporation (NASDAQ:REG) by 34.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 154,419 shares of the company’s stock after selling 79,626 shares during the quarter. 1832 Asset Management L.P. owned about 0.09% of Regency Centers worth $10,999,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of REG. Caitong International Asset Management Co. Ltd raised its holdings in Regency Centers by 42.3% during the first quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company’s stock worth $37,000 after buying an additional 150 shares during the last quarter. GKV Capital Management Co. Inc. bought a new stake in shares of Regency Centers during the first quarter worth about $40,000. Loomis Sayles & Co. L P acquired a new stake in shares of Regency Centers in the 2nd quarter worth about $42,000. National Pension Service lifted its position in Regency Centers by 75.2% in the 1st quarter. National Pension Service now owns 643 shares of the company’s stock valued at $47,000 after acquiring an additional 276 shares in the last quarter. Finally, Quarry LP boosted its stake in Regency Centers by 206.2% during the 1st quarter. Quarry LP now owns 695 shares of the company’s stock valued at $51,000 after purchasing an additional 468 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Insider Activity

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 stock was sold at an average price of $70.02, for a total value of $1,050,300.00. Following the sale, the chairman directly owned 272,958 shares in the company, valued at $19,112,519.16. The trade was a 5.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have commented on the company. LADENBURG THALM/SH SH assumed coverage on Regency Centers in a report on Tuesday, September 9th. They set a “neutral” rating and a $76.00 price objective for the company. KeyCorp reiterated a “sector weight” rating on shares of Regency Centers in a report on Thursday. Wells Fargo & Company increased their price target on Regency Centers from $81.00 to $82.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. Mizuho lifted their price objective on shares of Regency Centers from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. Finally, UBS Group downgraded shares of Regency Centers to a “sell” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.63.

Regency Centers Price Performance

REG opened at $69.07 on Friday. Regency Centers Corporation has a fifty-two week low of $63.44 and a fifty-two week high of $78.18. The firm has a 50-day moving average of $70.87 and a 200 day moving average of $71.18. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market cap of $12.54 billion, a P/E ratio of 31.83, a PEG ratio of 2.71 and a beta of 0.93.

Regency Centers (NASDAQ:REG) last released its earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.15. Regency Centers had a net margin of 27.04% and a return on equity of 6.14%. The firm had revenue of $387.57 million for the quarter, compared to analysts’ expectations of $374.83 million. During the same period in the previous year, the company earned $1.07 earnings per share. Regency Centers has set its FY 2025 guidance at 4.620-4.640 EPS. On average, research analysts expect that Regency Centers Corporation will post 4.54 EPS for the current year.

Regency Centers Increases Dividend

The company 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 $0.755 dividend. This is an increase from Regency Centers’s previous quarterly dividend of $0.71. This represents a $3.02 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Monday, December 15th. Regency Centers’s dividend payout ratio (DPR) is 129.95%.

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.