KBC Group NV Has $21.42 Million Stock Holdings in Regency Centers Corporation $REG

KBC Group NV boosted its holdings in shares of Regency Centers Corporation (NASDAQ:REG) by 208.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 300,738 shares of the company’s stock after acquiring an additional 203,338 shares during the quarter. KBC Group NV owned 0.17% of Regency Centers worth $21,422,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd grew its stake in shares of 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 during the last quarter. GKV Capital Management Co. Inc. acquired a new position in Regency Centers during the 1st quarter worth about $40,000. National Pension Service grew its position in shares of Regency Centers by 75.2% in the 1st quarter. National Pension Service now owns 643 shares of the company’s stock valued at $47,000 after buying an additional 276 shares during the last quarter. Quarry LP increased its stake in shares of Regency Centers by 206.2% in the first quarter. Quarry LP now owns 695 shares of the company’s stock valued at $51,000 after buying an additional 468 shares during the period. Finally, Catalyst Capital Advisors LLC raised its position in shares of 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 acquiring an additional 833 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

REG has been the topic of several analyst reports. Scotiabank upped their target price on Regency Centers from $76.00 to $78.00 and gave the company a “sector perform” rating in a report on Thursday. Argus upgraded shares of Regency Centers to a “strong-buy” rating in a report on Wednesday, November 5th. Evercore ISI lifted 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. Truist Financial raised their price objective on shares of Regency Centers from $79.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 15th. Finally, Wells Fargo & Company increased their price objective on Regency Centers from $81.00 to $82.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $79.22.

Regency Centers Stock Down 0.3%

Regency Centers stock opened at $69.82 on Friday. 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 company has a market capitalization of $12.68 billion, a P/E ratio of 32.18, a P/E/G ratio of 2.87 and a beta of 1.07. The firm has a 50 day moving average price of $71.21 and a 200-day moving average price of $71.41. Regency Centers Corporation has a twelve month low of $63.44 and a twelve month high of $78.18.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings data 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 business had revenue of $387.57 million during the quarter, compared to analyst estimates of $374.83 million. During the same period in the prior year, the company earned $1.07 earnings per share. Regency Centers has set its FY 2025 guidance at 4.620-4.640 EPS. As a group, equities analysts predict that Regency Centers Corporation will post 4.54 EPS for the current year.

Regency Centers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Monday, December 15th will be issued a $0.755 dividend. This is an increase from Regency Centers’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Monday, December 15th. This represents a $3.02 annualized dividend and a yield of 4.3%. Regency Centers’s payout ratio is 139.17%.

Insiders Place Their Bets

In related news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the business’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $70.02, for a total value of $1,050,300.00. Following the sale, the chairman directly owned 272,958 shares in the company, valued at approximately $19,112,519.16. The trade was a 5.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.

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.