Intrua Financial LLC Purchases New Shares in Regency Centers Corporation $REG

Intrua Financial LLC bought a new stake in shares of Regency Centers Corporation (NASDAQ:REG) in the first quarter, HoldingsChannel reports. The institutional investor bought 6,232 shares of the company’s stock, valued at approximately $460,000.

A number of other institutional investors have also recently modified their holdings of the stock. Intech Investment Management LLC lifted its position in shares of Regency Centers by 47.6% during the 1st quarter. Intech Investment Management LLC now owns 20,011 shares of the company’s stock valued at $1,476,000 after acquiring an additional 6,451 shares during the period. Jane Street Group LLC lifted its position in shares of Regency Centers by 81.5% during the 1st quarter. Jane Street Group LLC now owns 8,247 shares of the company’s stock valued at $608,000 after acquiring an additional 3,702 shares during the period. SCS Capital Management LLC bought a new stake in shares of Regency Centers during the 1st quarter valued at $2,139,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Regency Centers by 6.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,272,295 shares of the company’s stock valued at $167,604,000 after acquiring an additional 139,801 shares during the period. Finally, Woodline Partners LP lifted its position in shares of Regency Centers by 4,175.1% during the 1st quarter. Woodline Partners LP now owns 417,634 shares of the company’s stock valued at $30,805,000 after acquiring an additional 407,865 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on REG shares. LADENBURG THALM/SH SH initiated coverage on Regency Centers in a research report on Tuesday. They set a “neutral” rating and a $76.00 target price for the company. Truist Financial boosted their price target on Regency Centers from $79.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 15th. Scotiabank boosted their price target on Regency Centers from $75.00 to $76.00 and gave the stock a “sector perform” rating in a report on Thursday, August 28th. Wells Fargo & Company upped their target price on Regency Centers from $79.00 to $81.00 and gave the stock an “overweight” rating in a report on Wednesday, August 27th. Finally, Wall Street Zen cut Regency Centers from a “hold” rating to a “sell” rating in a report on Saturday, July 5th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $78.67.

Regency Centers Price Performance

Shares of REG opened at $72.24 on Friday. Regency Centers Corporation has a 12-month low of $63.44 and a 12-month high of $78.18. The business has a 50-day simple moving average of $71.42 and a two-hundred day simple moving average of $71.73. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.72. The stock has a market cap of $13.12 billion, a PE ratio of 33.76, a PEG ratio of 3.12 and a beta of 1.09.

Regency Centers (NASDAQ:REG) last issued its earnings results on Tuesday, July 29th. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.04. The business had revenue of $369.85 million during the quarter, compared to analysts’ expectations of $366.35 million. Regency Centers had a return on equity of 6.05% and a net margin of 27.00%.The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.06 EPS. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. Analysts anticipate that Regency Centers Corporation will post 4.54 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be paid a $0.705 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $2.82 annualized dividend and a dividend yield of 3.9%. Regency Centers’s dividend payout ratio is presently 131.78%.

Regency Centers Company 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.