Probity Advisors Inc. Raises Stock Position in Regency Centers Corporation $REG

Probity Advisors Inc. boosted its holdings in Regency Centers Corporation (NASDAQ:REG) by 15.4% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 8,995 shares of the company’s stock after buying an additional 1,201 shares during the period. Probity Advisors Inc.’s holdings in Regency Centers were worth $641,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Caitong International Asset Management Co. Ltd increased its stake 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 worth $37,000 after buying an additional 150 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in Regency Centers by 1.7% in the 1st quarter. Crossmark Global Holdings Inc. now owns 9,627 shares of the company’s stock worth $710,000 after buying an additional 160 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Regency Centers by 4.1% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,260 shares of the company’s stock worth $314,000 after buying an additional 169 shares in the last quarter. Proficio Capital Partners LLC increased its stake in Regency Centers by 4.6% in the 1st quarter. Proficio Capital Partners LLC now owns 3,847 shares of the company’s stock worth $284,000 after buying an additional 170 shares in the last quarter. Finally, William Blair Investment Management LLC increased its stake in Regency Centers by 2.6% in the 2nd quarter. William Blair Investment Management LLC now owns 6,773 shares of the company’s stock worth $482,000 after buying an additional 173 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Regency Centers Stock Down 0.0%

Shares of NASDAQ:REG opened at $72.21 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. Regency Centers Corporation has a 12 month low of $63.44 and a 12 month high of $78.18. The company has a 50-day moving average price of $71.72 and a 200 day moving average price of $71.34. The company has a market cap of $13.11 billion, a price-to-earnings ratio of 33.74, a PEG ratio of 2.99 and a beta of 1.09.

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

Regency Centers Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on REG shares. Truist Financial increased their price target on Regency Centers from $79.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 15th. Barclays raised their price objective on Regency Centers from $79.00 to $83.00 and gave the company an “equal weight” rating in a research report on Monday, October 6th. Scotiabank raised their price objective on Regency Centers from $75.00 to $76.00 and gave the company a “sector perform” rating in a research report on Thursday, August 28th. LADENBURG THALM/SH SH initiated coverage on Regency Centers in a research report on Tuesday, September 9th. They set a “neutral” rating and a $76.00 price objective for the company. Finally, Evercore ISI raised their price objective on Regency Centers from $76.00 to $77.00 and gave the company an “in-line” rating in a research report on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $79.09.

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.