Allstate Corp Makes New Investment in Regency Centers Corporation $REG

Allstate Corp purchased a new stake in Regency Centers Corporation (NASDAQ:REG) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,087 shares of the company’s stock, valued at approximately $517,000.

A number of other hedge funds also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC increased its holdings in Regency Centers by 21.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,425 shares of the company’s stock valued at $745,000 after purchasing an additional 1,821 shares during the period. Massachusetts Financial Services Co. MA bought a new stake in shares of Regency Centers in the 3rd quarter valued at about $107,144,000. Wolverine Asset Management LLC bought a new stake in shares of Regency Centers in the 3rd quarter valued at about $1,083,000. Nordea Investment Management AB increased its stake in shares of Regency Centers by 10.1% in the third quarter. Nordea Investment Management AB now owns 14,775 shares of the company’s stock valued at $1,068,000 after buying an additional 1,360 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in shares of Regency Centers by 1.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 543,146 shares of the company’s stock worth $39,595,000 after acquiring an additional 8,225 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Insider Buying and Selling at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the firm’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 transaction, the chairman owned 272,958 shares of the company’s stock, valued at approximately $19,112,519.16. This trade represents a 5.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by corporate insiders.

Regency Centers Trading Down 0.2%

NASDAQ REG opened at $70.86 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.72. Regency Centers Corporation has a 52 week low of $63.44 and a 52 week high of $78.18. The business has a 50 day moving average price of $69.54 and a 200-day moving average price of $70.65. The company has a market cap of $12.96 billion, a price-to-earnings ratio of 32.65, a P/E/G ratio of 2.65 and a beta of 0.93.

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

Regency Centers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Monday, December 15th were issued a $0.755 dividend. The ex-dividend date was Monday, December 15th. This represents a $3.02 dividend on an annualized basis and a dividend yield of 4.3%. This is a boost from Regency Centers’s previous quarterly dividend of $0.71. Regency Centers’s dividend payout ratio (DPR) is currently 139.17%.

Analyst Ratings Changes

Several analysts recently commented on REG shares. Jefferies Financial Group set a $79.00 target price on Regency Centers in a report on Monday, December 15th. Argus raised shares of Regency Centers to a “strong-buy” rating in a research note on Wednesday, November 5th. Barclays upgraded shares of Regency Centers from an “equal weight” rating to an “overweight” rating and decreased their price objective for the stock from $83.00 to $82.00 in a research report on Tuesday, November 18th. Wall Street Zen upgraded shares of Regency Centers from a “sell” rating to a “hold” rating in a report on Saturday, October 4th. Finally, Royal Bank Of Canada upgraded Regency Centers to a “sector perform” rating in a report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $78.69.

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.