Sumitomo Mitsui Trust Group Inc. Purchases 8,225 Shares of Regency Centers Corporation $REG

Sumitomo Mitsui Trust Group Inc. raised its position in shares of Regency Centers Corporation (NASDAQ:REG) by 1.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 543,146 shares of the company’s stock after purchasing an additional 8,225 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.30% of Regency Centers worth $39,595,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Norges Bank acquired a new position in shares of Regency Centers during the 2nd quarter worth $1,219,335,000. Amundi grew its position in Regency Centers by 91.4% in the second quarter. Amundi now owns 1,530,276 shares of the company’s stock valued at $108,344,000 after acquiring an additional 730,730 shares during the last quarter. State Street Corp lifted its holdings in shares of Regency Centers by 2.2% in the second quarter. State Street Corp now owns 12,035,961 shares of the company’s stock worth $865,625,000 after acquiring an additional 262,551 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Regency Centers by 80.8% in the second quarter. Russell Investments Group Ltd. now owns 581,710 shares of the company’s stock worth $41,403,000 after acquiring an additional 259,898 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Regency Centers in the 2nd quarter valued at approximately $14,584,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Insider Buying and Selling

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $70.02, for a total transaction of $1,050,300.00. Following the completion of the sale, the chairman owned 272,958 shares of the company’s stock, valued at approximately $19,112,519.16. This represents a 5.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is owned by insiders.

Regency Centers Stock Performance

Shares of Regency Centers stock opened at $71.47 on Friday. The stock has a market cap of $13.07 billion, a price-to-earnings ratio of 32.94, a P/E/G ratio of 2.61 and a beta of 0.93. Regency Centers Corporation has a twelve month low of $63.44 and a twelve month high of $78.18. The company’s fifty day moving average is $69.49 and its 200 day moving average is $70.65. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.72.

Regency Centers (NASDAQ:REG) last announced its earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.15. Regency Centers had a return on equity of 6.14% and a net margin of 27.04%.The business had revenue of $387.57 million during the quarter, compared to analyst estimates of $374.83 million. During the same period last year, the company earned $1.07 EPS. Regency Centers has set its FY 2025 guidance at 4.620-4.640 EPS. Sell-side analysts forecast that Regency Centers Corporation will post 4.54 EPS for the current year.

Regency Centers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Monday, December 15th were paid a $0.755 dividend. This is an increase from Regency Centers’s previous quarterly dividend of $0.71. This represents a $3.02 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Monday, December 15th. Regency Centers’s payout ratio is presently 139.17%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on REG shares. Argus upgraded shares of Regency Centers to a “strong-buy” rating in a research report on Wednesday, November 5th. Mizuho reiterated a “neutral” rating and set a $74.00 price target (down from $77.00) on shares of Regency Centers in a report on Friday, January 9th. Wall Street Zen upgraded Regency Centers from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th. Royal Bank Of Canada upgraded Regency Centers to a “sector perform” rating in a research report on Friday, January 9th. Finally, Jefferies Financial Group set a $79.00 target price on Regency Centers in a report on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Regency Centers currently has an average rating of “Hold” and an average target price of $78.33.

About Regency Centers

Regency Centers Corporation is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of grocery-anchored shopping centers. Focused on everyday needs retail, the company’s portfolio is strategically concentrated in high-growth, densely populated markets across the United States. By aligning its properties with essential retailers, Regency Centers delivers stable income streams and drives sustained value for shareholders.

Founded in 1963 and headquartered in Jacksonville, Florida, Regency Centers began as a single shopping center developer before evolving into one of the largest owners of grocery-center real estate.