Chevy Chase Trust Holdings LLC Purchases 688 Shares of Regency Centers Corporation $REG

Chevy Chase Trust Holdings LLC increased its position in shares of Regency Centers Corporation (NASDAQ:REG) by 0.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,641 shares of the company’s stock after purchasing an additional 688 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Regency Centers were worth $6,171,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Nuveen LLC bought a new position in shares of Regency Centers in the first quarter worth about $182,926,000. Wellington Management Group LLP lifted its holdings in shares of Regency Centers by 2,846.0% in the first quarter. Wellington Management Group LLP now owns 1,256,228 shares of the company’s stock worth $92,659,000 after acquiring an additional 1,213,586 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC lifted its holdings in shares of Regency Centers by 63.5% in the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,521,633 shares of the company’s stock worth $185,996,000 after acquiring an additional 979,126 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Regency Centers by 9.8% in the first quarter. Invesco Ltd. now owns 5,899,497 shares of the company’s stock worth $435,147,000 after acquiring an additional 525,047 shares during the last quarter. Finally, Jefferies Financial Group Inc. bought a new position in shares of Regency Centers in the first quarter worth about $32,136,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Regency Centers Stock Performance

Shares of REG stock opened at $72.21 on Tuesday. The company has a market cap of $13.11 billion, a price-to-earnings ratio of 33.74, a price-to-earnings-growth ratio of 2.99 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 quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.72. The firm has a 50 day moving average of $71.72 and a 200-day moving average of $71.34.

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

Regency Centers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were issued a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Thursday, September 11th. Regency Centers’s dividend payout ratio (DPR) is currently 131.78%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on REG. Truist Financial increased their target price on shares of Regency Centers from $79.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 15th. Wall Street Zen raised shares of Regency Centers from a “sell” rating to a “hold” rating in a report on Saturday, October 4th. Robert W. Baird upped their price objective on Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Wells Fargo & Company upped their price objective on Regency Centers from $79.00 to $81.00 and gave the company an “overweight” rating in a research note on Wednesday, August 27th. Finally, Barclays upped their price objective on Regency Centers from $79.00 to $83.00 and gave the company an “equal weight” rating in a research note on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $79.09.

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.