Moran Wealth Management LLC Reduces Position in Regency Centers Corporation $REG

Moran Wealth Management LLC decreased its stake in shares of Regency Centers Corporation (NASDAQ:REG) by 0.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,250 shares of the company’s stock after selling 200 shares during the quarter. Moran Wealth Management LLC’s holdings in Regency Centers were worth $1,656,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its position in shares of Regency Centers by 3.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 120,960 shares of the company’s stock worth $8,922,000 after purchasing an additional 3,773 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in Regency Centers by 14.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,322 shares of the company’s stock worth $2,210,000 after purchasing an additional 3,857 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Regency Centers by 7.1% during the first quarter. Janney Montgomery Scott LLC now owns 4,296 shares of the company’s stock worth $317,000 after buying an additional 283 shares during the period. Teacher Retirement System of Texas grew its stake in shares of Regency Centers by 46.2% in the first quarter. Teacher Retirement System of Texas now owns 29,633 shares of the company’s stock valued at $2,186,000 after buying an additional 9,359 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Regency Centers by 43.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,435 shares of the company’s stock valued at $106,000 after buying an additional 432 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Regency Centers Stock Performance

NASDAQ REG opened at $72.43 on Thursday. The company has a fifty day moving average of $71.72 and a two-hundred day moving average of $71.37. The company has a market capitalization of $13.15 billion, a PE ratio of 33.85, a P/E/G ratio of 2.97 and a beta of 1.09. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.13 and a quick ratio of 1.13. Regency Centers Corporation has a 1 year low of $63.44 and a 1 year high of $78.18.

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

Regency Centers Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have weighed in on REG. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Regency Centers in a research report on Wednesday, October 8th. Scotiabank lifted their price objective on shares of Regency Centers from $75.00 to $76.00 and gave the company a “sector perform” rating in a report on Thursday, August 28th. Evercore ISI upped their target price on shares of Regency Centers from $76.00 to $77.00 and gave the stock an “in-line” rating in a research note on Monday, September 15th. Mizuho raised their price target on shares of Regency Centers from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. Finally, Wall Street Zen raised Regency Centers from a “sell” rating to a “hold” rating in a research report on Saturday, October 4th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Regency Centers currently has an average rating of “Moderate Buy” and a consensus 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.