QRG Capital Management Inc. Trims Stake in Regency Centers Corporation $REG

QRG Capital Management Inc. trimmed its holdings in Regency Centers Corporation (NASDAQ:REG) by 57.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,601 shares of the company’s stock after selling 48,728 shares during the quarter. QRG Capital Management Inc.’s holdings in Regency Centers were worth $2,595,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Park Avenue Securities LLC boosted its stake in Regency Centers by 5.2% in the third quarter. Park Avenue Securities LLC now owns 3,040 shares of the company’s stock valued at $222,000 after acquiring an additional 149 shares in the last quarter. Atria Investments Inc raised its stake in shares of Regency Centers by 3.3% during the 2nd quarter. Atria Investments Inc now owns 4,847 shares of the company’s stock valued at $345,000 after buying an additional 156 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Regency Centers by 12.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,437 shares of the company’s stock valued at $102,000 after buying an additional 162 shares during the period. Bessemer Group Inc. boosted its stake in shares of Regency Centers by 3.9% in the second quarter. Bessemer Group Inc. now owns 4,399 shares of the company’s stock worth $313,000 after buying an additional 165 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its stake in shares of Regency Centers by 2.6% in the second quarter. William Blair Investment Management LLC now owns 6,773 shares of the company’s stock worth $482,000 after buying an additional 173 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Insider Activity at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the company’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 $19,112,519.16. This represents a 5.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.00% of the company’s stock.

Regency Centers Stock Up 2.3%

Regency Centers stock opened at $71.47 on Tuesday. The stock has a market cap of $13.07 billion, a PE ratio of 32.94, a P/E/G ratio of 2.67 and a beta of 0.93. Regency Centers Corporation has a 1-year low of $63.44 and a 1-year high of $78.18. 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’s fifty day moving average is $69.51 and its two-hundred day moving average is $70.65.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $1.15 earnings per share for the quarter, meeting the consensus estimate 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 the consensus estimate of $374.83 million. During the same period in the prior 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, sell-side analysts expect that Regency Centers Corporation will post 4.54 EPS for the current fiscal year.

Regency Centers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th were issued a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a yield of 4.2%. This is an increase from Regency Centers’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend was Monday, December 15th. Regency Centers’s dividend payout ratio is 139.17%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Regency Centers in a research report on Monday, December 29th. Jefferies Financial Group set a $79.00 target price on shares of Regency Centers in a research note on Monday, December 15th. Scotiabank dropped their price target on Regency Centers from $78.00 to $76.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 14th. Argus upgraded Regency Centers to a “strong-buy” rating in a research report on Wednesday, November 5th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $85.00 price objective on shares of Regency Centers in a research report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $78.33.

About Regency Centers

Regency Centers Corporation is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of grocery-anchored shopping centers. Focused on everyday needs retail, the company’s portfolio is strategically concentrated in high-growth, densely populated markets across the United States. By aligning its properties with essential retailers, Regency Centers delivers stable income streams and drives sustained value for shareholders.

Founded in 1963 and headquartered in Jacksonville, Florida, Regency Centers began as a single shopping center developer before evolving into one of the largest owners of grocery-center real estate.