Harvest Portfolios Group Inc. Buys 1,358 Shares of Regency Centers Corporation $REG

Harvest Portfolios Group Inc. lifted its position in shares of Regency Centers Corporation (NASDAQ:REG) by 5.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,781 shares of the company’s stock after purchasing an additional 1,358 shares during the period. Harvest Portfolios Group Inc.’s holdings in Regency Centers were worth $2,049,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of REG. Nuveen LLC purchased a new stake in Regency Centers in the first quarter worth about $182,926,000. Wellington Management Group LLP grew its position in Regency Centers by 2,846.0% in the 1st quarter. Wellington Management Group LLP now owns 1,256,228 shares of the company’s stock worth $92,659,000 after purchasing an additional 1,213,586 shares during the period. Northern Trust Corp grew its position in Regency Centers by 64.1% in the 4th quarter. Northern Trust Corp now owns 2,781,614 shares of the company’s stock worth $205,645,000 after purchasing an additional 1,086,797 shares during the period. Cbre Investment Management Listed Real Assets LLC grew its position in shares of Regency Centers by 63.5% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,521,633 shares of the company’s stock valued at $185,996,000 after acquiring an additional 979,126 shares during the period. Finally, Invesco Ltd. grew its position in shares of Regency Centers by 9.8% during the 1st quarter. Invesco Ltd. now owns 5,899,497 shares of the company’s stock valued at $435,147,000 after acquiring an additional 525,047 shares during the period. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Regency Centers Trading Up 0.2%

Shares of Regency Centers stock opened at $72.07 on Wednesday. The firm has a 50-day simple moving average of $71.03 and a two-hundred day simple moving average of $71.80. The company has a market cap of $13.08 billion, a P/E ratio of 33.68, a price-to-earnings-growth ratio of 3.11 and a beta of 1.05. Regency Centers Corporation has a fifty-two week low of $63.44 and a fifty-two 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 released its quarterly earnings results on Tuesday, July 29th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.04. The firm 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 revenue for the quarter was up 6.6% on a year-over-year basis. 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. As a group, equities analysts predict that Regency Centers Corporation will post 4.54 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The company 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 131.78%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on REG shares. Evercore ISI lifted their target price on shares of Regency Centers from $79.00 to $80.00 and gave the company an “in-line” rating in a research note on Wednesday, July 30th. Barclays initiated coverage on shares of Regency Centers in a report on Wednesday, July 2nd. They issued an “equal weight” rating and a $77.00 price target for the company. Wall Street Zen lowered shares of Regency Centers from a “hold” rating to a “sell” rating in a research report on Saturday, July 5th. Scotiabank decreased their price objective on shares of Regency Centers from $76.00 to $75.00 and set a “sector perform” rating for the company in a research note on Monday, May 12th. Finally, Robert W. Baird lifted their price target on shares of Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Regency Centers has an average rating of “Moderate Buy” and an average price target of $78.58.

About Regency Centers

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.