Verdence Capital Advisors LLC Purchases 298 Shares of Regency Centers Corporation $REG

Verdence Capital Advisors LLC raised its position in shares of Regency Centers Corporation (NASDAQ:REG) by 4.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,751 shares of the company’s stock after purchasing an additional 298 shares during the period. Verdence Capital Advisors LLC’s holdings in Regency Centers were worth $552,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of REG. Park Avenue Securities LLC purchased a new position in shares of Regency Centers in the 1st quarter valued at $211,000. Farther Finance Advisors LLC increased 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 acquiring an additional 432 shares during the period. SG Americas Securities LLC purchased a new position in shares of Regency Centers in the 1st quarter valued at $734,000. CX Institutional purchased a new position in shares of Regency Centers in the 1st quarter valued at $122,000. Finally, Ritholtz Wealth Management increased its holdings 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 valued at $289,000 after acquiring an additional 1,124 shares during the period. 96.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Robert W. Baird boosted their target price on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Wall Street Zen upgraded Regency Centers from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th. Truist Financial boosted their target price on Regency Centers from $79.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 15th. Mizuho boosted their target price on Regency Centers from $74.00 to $77.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. Finally, LADENBURG THALM/SH SH assumed coverage on Regency Centers in a research note on Tuesday, September 9th. They set a “neutral” rating and a $76.00 target price on the stock. One equities research 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 stock. According to MarketBeat.com, Regency Centers currently has an average rating of “Moderate Buy” and an average target price of $79.09.

Regency Centers Stock Performance

Shares of REG stock opened at $71.81 on Wednesday. The stock has a market cap of $13.04 billion, a PE ratio of 33.56, a price-to-earnings-growth ratio of 3.08 and a beta of 1.09. The business has a 50-day simple moving average of $71.74 and a 200-day simple moving average of $71.36. 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 Corporation has a 52-week low of $63.44 and a 52-week 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 (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.04. The business 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 company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.06 EPS. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. On average, equities analysts expect that Regency Centers Corporation will post 4.54 EPS for the current year.

Regency Centers Dividend Announcement

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

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.