Regency Centers Corporation $REG Shares Acquired by Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc. boosted its position in shares of Regency Centers Corporation (NASDAQ:REG) by 17.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 32,594 shares of the company’s stock after buying an additional 4,813 shares during the period. Harvest Portfolios Group Inc.’s holdings in Regency Centers were worth $2,322,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of REG. Caitong International Asset Management Co. Ltd lifted its holdings in Regency Centers by 42.3% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company’s stock valued at $37,000 after acquiring an additional 150 shares during the last quarter. GKV Capital Management Co. Inc. bought a new stake in shares of Regency Centers in the 1st quarter worth approximately $40,000. National Pension Service lifted its stake in Regency Centers by 75.2% during the first quarter. National Pension Service now owns 643 shares of the company’s stock valued at $47,000 after purchasing an additional 276 shares during the last quarter. Quarry LP boosted its holdings in Regency Centers by 206.2% during the first quarter. Quarry LP now owns 695 shares of the company’s stock worth $51,000 after buying an additional 468 shares in the last quarter. Finally, Catalyst Capital Advisors LLC boosted its holdings in Regency Centers by 158.1% during the second quarter. Catalyst Capital Advisors LLC now owns 1,360 shares of the company’s stock worth $97,000 after buying an additional 833 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on REG. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Regency Centers in a report on Wednesday, October 8th. Scotiabank boosted their target price on Regency Centers from $75.00 to $76.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 28th. Barclays upped their target price on Regency Centers from $79.00 to $83.00 and gave the company an “equal weight” rating in a report on Monday, October 6th. Wall Street Zen raised Regency Centers from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th. Finally, Evercore ISI upped their price objective on shares of Regency Centers from $76.00 to $77.00 and gave the company an “in-line” rating in a research note on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Regency Centers has a consensus rating of “Moderate Buy” and an average target price of $79.00.

Regency Centers Stock Performance

Shares of Regency Centers stock opened at $69.77 on Friday. Regency Centers Corporation has a 12 month low of $63.44 and a 12 month high of $78.18. The company has a quick ratio of 1.13, a current ratio of 1.20 and a debt-to-equity ratio of 0.72. The stock has a market cap of $12.67 billion, a PE ratio of 32.15, a price-to-earnings-growth ratio of 2.87 and a beta of 1.07. The business has a fifty day simple moving average of $71.40 and a 200-day simple moving average of $71.45.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings results 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 firm had revenue of $387.57 million for the quarter, compared to analyst estimates of $374.83 million. During the same period in the previous year, the firm 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 anticipate that Regency Centers Corporation will post 4.54 EPS for the current fiscal year.

Regency Centers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th will be given a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a dividend yield of 4.3%. This is a positive change from Regency Centers’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Monday, December 15th. Regency Centers’s payout ratio is currently 139.17%.

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.