AlphaQuest LLC Raises Stock Position in Regency Centers Corporation $REG

AlphaQuest LLC grew its holdings in Regency Centers Corporation (NASDAQ:REG) by 13,177.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 17,925 shares of the company’s stock after purchasing an additional 17,790 shares during the quarter. AlphaQuest LLC’s holdings in Regency Centers were worth $1,277,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Wayfinding Financial LLC purchased a new position in Regency Centers in the 1st quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd boosted its holdings 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 valued at $37,000 after purchasing an additional 150 shares during the period. GKV Capital Management Co. Inc. acquired a new position in Regency Centers during the 1st quarter worth $40,000. National Pension Service increased its holdings in Regency Centers by 75.2% during the 1st quarter. National Pension Service now owns 643 shares of the company’s stock worth $47,000 after purchasing an additional 276 shares during the period. Finally, Quarry LP raised its position in Regency Centers by 206.2% in the 1st quarter. Quarry LP now owns 695 shares of the company’s stock valued at $51,000 after purchasing an additional 468 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Regency Centers Price Performance

Shares of NASDAQ:REG opened at $72.64 on Friday. Regency Centers Corporation has a one year low of $63.44 and a one year high of $78.18. The stock has a market capitalization of $13.19 billion, a price-to-earnings ratio of 33.94, a PEG ratio of 3.01 and a beta of 1.09. The company has a 50-day simple moving average of $71.80 and a 200-day simple moving average of $71.48. 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 issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.04. Regency Centers had a return on equity of 6.05% and a net margin of 27.00%.The firm had revenue of $369.85 million for the quarter, compared to analysts’ expectations of $366.35 million. During the same quarter in the previous year, the firm posted $1.06 EPS. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. On average, analysts predict that Regency Centers Corporation will post 4.54 EPS for the current year.

Regency Centers Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have recently commented on REG shares. Scotiabank boosted their price objective 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. Robert W. Baird boosted their price target on shares of Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Barclays raised their price objective on shares of Regency Centers from $79.00 to $83.00 and gave the company an “equal weight” rating in a report on Monday, October 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Regency Centers in a research note on Saturday. Finally, LADENBURG THALM/SH SH started coverage on Regency Centers in a research note on Tuesday, September 9th. They issued a “neutral” rating and a $76.00 price target on the stock. Seven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $79.10.

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.