Lecap Asset Management Ltd. Has $388,000 Stake in Regency Centers Corporation $REG

Lecap Asset Management Ltd. reduced its holdings in Regency Centers Corporation (NASDAQ:REG) by 34.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,448 shares of the company’s stock after selling 2,840 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Regency Centers were worth $388,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of REG. Caitong International Asset Management Co. Ltd boosted its stake in Regency Centers by 42.3% in the first quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company’s stock worth $37,000 after purchasing an additional 150 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of Regency Centers by 1.7% in the first quarter. Crossmark Global Holdings Inc. now owns 9,627 shares of the company’s stock valued at $710,000 after buying an additional 160 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its position in Regency Centers by 4.1% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,260 shares of the company’s stock worth $314,000 after buying an additional 169 shares in the last quarter. Proficio Capital Partners LLC grew its holdings in Regency Centers by 4.6% during the 1st quarter. Proficio Capital Partners LLC now owns 3,847 shares of the company’s stock worth $284,000 after acquiring an additional 170 shares during the last quarter. Finally, Brown Advisory Inc. increased its position in Regency Centers by 0.3% in the 1st quarter. Brown Advisory Inc. now owns 71,345 shares of the company’s stock valued at $5,262,000 after acquiring an additional 196 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

REG has been the topic of a number of research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Regency Centers in a research report on Saturday, September 27th. Mizuho boosted their price objective on shares of Regency Centers from $74.00 to $77.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 20th. Wall Street Zen upgraded Regency Centers from a “sell” rating to a “hold” rating in a research report on Saturday. LADENBURG THALM/SH SH assumed coverage on Regency Centers in a research note on Tuesday, September 9th. They issued a “neutral” rating and a $76.00 target price for the company. Finally, Robert W. Baird boosted their target price on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.73.

Regency Centers Price Performance

REG opened at $71.68 on Friday. The company has a fifty day moving average price of $71.80 and a two-hundred day moving average price of $71.41. The firm has a market capitalization of $13.01 billion, a PE ratio of 33.50, a P/E/G ratio of 3.10 and a beta of 1.09. Regency Centers Corporation has a 52 week low of $63.44 and a 52 week high of $78.18. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.13.

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

Regency Centers Announces Dividend

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

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.