Regency Centers Corporation $REG Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL cut its stake in Regency Centers Corporation (NASDAQ:REG) by 2.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 44,819 shares of the company’s stock after selling 910 shares during the period. Gamco Investors INC. ET AL’s holdings in Regency Centers were worth $3,306,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd lifted its position in Regency Centers by 42.3% during the first quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company’s stock valued at $37,000 after buying an additional 150 shares in the last quarter. State of Wyoming lifted its position in Regency Centers by 11.3% during the fourth quarter. State of Wyoming now owns 1,543 shares of the company’s stock valued at $114,000 after buying an additional 157 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in Regency Centers by 1.7% during the first quarter. Crossmark Global Holdings Inc. now owns 9,627 shares of the company’s stock valued at $710,000 after buying an additional 160 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its position in Regency Centers by 4.1% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,260 shares of the company’s stock valued at $314,000 after buying an additional 169 shares in the last quarter. Finally, Proficio Capital Partners LLC lifted its position in Regency Centers by 4.6% during the first quarter. Proficio Capital Partners LLC now owns 3,847 shares of the company’s stock valued at $284,000 after buying an additional 170 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Regency Centers Trading Down 0.4%

REG opened at $72.21 on Friday. The firm has a market capitalization of $13.11 billion, a P/E ratio of 33.74, a P/E/G ratio of 3.13 and a beta of 1.05. The firm’s 50 day moving average is $71.09 and its 200-day moving average is $71.80. Regency Centers Corporation has a 52-week low of $63.44 and a 52-week high of $78.18. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.72.

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

Regency Centers Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on REG shares. Scotiabank lifted their price target on shares of Regency Centers from $75.00 to $76.00 and gave the company a “sector perform” rating in a research report on Thursday. Mizuho lifted 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. Barclays lifted their price target on shares of Regency Centers from $77.00 to $79.00 and gave the company an “equal weight” rating in a research report on Wednesday. Wells Fargo & Company lifted their price objective on shares of Regency Centers from $79.00 to $81.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Evercore ISI lifted their price objective 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. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Regency Centers presently has an average rating of “Moderate Buy” and a consensus target price of $79.00.

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.