Regency Centers Corporation $REG Shares Sold by Praxis Investment Management Inc.

Praxis Investment Management Inc. trimmed its position in shares of Regency Centers Corporation (NASDAQ:REG) by 23.8% in the second quarter, HoldingsChannel reports. The firm owned 4,070 shares of the company’s stock after selling 1,270 shares during the period. Praxis Investment Management Inc.’s holdings in Regency Centers were worth $290,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its stake 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 worth $106,000 after acquiring an additional 432 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Regency Centers in the 1st quarter worth approximately $734,000. Ritholtz Wealth Management lifted its stake in shares of Regency Centers by 40.2% in the 1st quarter. Ritholtz Wealth Management now owns 3,923 shares of the company’s stock worth $289,000 after acquiring an additional 1,124 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of Regency Centers by 7.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 4,296 shares of the company’s stock worth $317,000 after acquiring an additional 283 shares during the period. Finally, Asset Management One Co. Ltd. lifted its stake in shares of Regency Centers by 2.9% in the 1st quarter. Asset Management One Co. Ltd. now owns 378,046 shares of the company’s stock worth $27,885,000 after acquiring an additional 10,659 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

Regency Centers Stock Up 0.7%

REG stock opened at $72.24 on Friday. Regency Centers Corporation has a 12 month low of $63.44 and a 12 month high of $78.18. The firm has a market cap of $13.12 billion, a PE ratio of 33.76, a P/E/G ratio of 2.99 and a beta of 1.09. The firm has a 50 day simple moving average of $71.71 and a 200 day simple moving average of $71.32. 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 (NASDAQ:REG) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.12 by $0.04. Regency Centers had a net margin of 27.00% and a return on equity of 6.05%. The business had revenue of $369.85 million during the quarter, compared to the consensus estimate of $366.35 million. During the same quarter in the prior year, the firm earned $1.06 EPS. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. Equities research analysts forecast that Regency Centers Corporation will post 4.54 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were paid 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 yield of 3.9%. Regency Centers’s dividend payout ratio (DPR) is currently 131.78%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wall Street Zen raised shares of Regency Centers from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th. LADENBURG THALM/SH SH assumed coverage on shares of Regency Centers in a research note on Tuesday, September 9th. They issued a “neutral” rating and a $76.00 price target for the company. Truist Financial upped their price target on shares of Regency Centers from $79.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 15th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Regency Centers in a research note on Wednesday, October 8th. Finally, Evercore ISI increased their target price on shares of Regency Centers from $76.00 to $77.00 and gave the company an “in-line” rating in a research note on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $79.09.

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.