Amundi Boosts Stake in Regency Centers Corporation $REG

Amundi raised its position in shares of Regency Centers Corporation (NASDAQ:REG) by 91.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,530,276 shares of the company’s stock after buying an additional 730,730 shares during the quarter. Amundi owned about 0.84% of Regency Centers worth $108,344,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in shares of Regency Centers in the second quarter valued at $1,219,335,000. Nuveen LLC purchased a new position in shares of Regency Centers in the 1st quarter worth $182,926,000. Wellington Management Group LLP increased its holdings in shares of Regency Centers by 2,846.0% in the 1st quarter. Wellington Management Group LLP now owns 1,256,228 shares of the company’s stock worth $92,659,000 after buying an additional 1,213,586 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC increased its holdings in shares of Regency Centers by 63.5% in the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,521,633 shares of the company’s stock worth $185,996,000 after buying an additional 979,126 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Regency Centers by 9.8% during the 1st quarter. Invesco Ltd. now owns 5,899,497 shares of the company’s stock valued at $435,147,000 after buying an additional 525,047 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Regency Centers Price Performance

Regency Centers stock opened at $68.70 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market cap of $12.57 billion, a price-to-earnings ratio of 31.66, a price-to-earnings-growth ratio of 2.67 and a beta of 0.93. The firm has a 50-day moving average of $70.81 and a two-hundred day moving average of $71.12. Regency Centers Corporation has a 1 year low of $63.44 and a 1 year high of $78.18.

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

Regency Centers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th will be paid a dividend of $0.755 per share. This is an increase from Regency Centers’s previous quarterly dividend of $0.71. This represents a $3.02 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Monday, December 15th. Regency Centers’s payout ratio is 129.95%.

Analysts Set New Price Targets

Several research firms have recently issued reports on REG. 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. Wall Street Zen raised shares of Regency Centers from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th. Argus upgraded shares of Regency Centers to a “strong-buy” rating in a research report on Wednesday, November 5th. 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 report on Monday, September 15th. Finally, UBS Group downgraded shares of Regency Centers from a “hold” rating to a “sell” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Regency Centers has an average rating of “Moderate Buy” and a consensus price target of $78.63.

Insider Buying and Selling at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $70.02, for a total value of $1,050,300.00. Following the completion of the sale, the chairman directly owned 272,958 shares of the company’s stock, valued at $19,112,519.16. This represents a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is owned by insiders.

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.