Hsbc Holdings PLC Purchases 199,733 Shares of Regency Centers Corporation $REG

Hsbc Holdings PLC grew its position in Regency Centers Corporation (NASDAQ:REG) by 18.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,306,954 shares of the company’s stock after purchasing an additional 199,733 shares during the quarter. Hsbc Holdings PLC’s holdings in Regency Centers were worth $93,045,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Envestnet Portfolio Solutions Inc. raised its position in Regency Centers by 14.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,589 shares of the company’s stock valued at $256,000 after buying an additional 463 shares during the last quarter. Strs Ohio purchased a new position in shares of Regency Centers in the first quarter worth about $5,503,000. Achmea Investment Management B.V. raised its holdings in Regency Centers by 641.3% during the 2nd quarter. Achmea Investment Management B.V. now owns 116,046 shares of the company’s stock valued at $8,266,000 after acquiring an additional 100,391 shares during the period. Generate Investment Management Ltd purchased a new stake in Regency Centers during the 2nd quarter worth about $4,748,000. Finally, Ascent Group LLC bought a new position in shares of Regency Centers in the first quarter valued at approximately $259,000. Institutional investors own 96.07% of the company’s stock.

Insider Activity at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the company’s stock in a transaction dated 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 transaction, the chairman owned 272,958 shares in the company, valued at $19,112,519.16. This represents a 5.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

REG has been the subject of a number of research analyst reports. Weiss Ratings downgraded Regency Centers from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Scotiabank boosted their target price on Regency Centers from $76.00 to $78.00 and gave the company a “sector perform” rating in a research note on Thursday, November 13th. Evercore ISI raised their price target on Regency Centers from $76.00 to $77.00 and gave the stock an “in-line” rating in a research report on Monday, September 15th. Truist Financial lowered their price objective on Regency Centers from $81.00 to $77.00 and set a “buy” rating for the company in a research report on Tuesday, November 18th. Finally, LADENBURG THALM/SH SH started coverage on shares of Regency Centers in a report on Tuesday, September 9th. They set a “neutral” rating and a $76.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Regency Centers has an average rating of “Moderate Buy” and an average target price of $78.63.

Regency Centers Stock Performance

NASDAQ REG opened at $71.89 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. Regency Centers Corporation has a twelve month low of $63.44 and a twelve month high of $78.18. The stock has a 50-day moving average of $70.96 and a 200 day moving average of $71.25. The stock has a market capitalization of $13.05 billion, a price-to-earnings ratio of 33.13, a PEG ratio of 2.87 and a beta of 1.07.

Regency Centers (NASDAQ:REG) last announced its earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share 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 the consensus estimate of $374.83 million. During the same period in the prior year, the company posted $1.07 EPS. Regency Centers has set its FY 2025 guidance at 4.620-4.640 EPS. Sell-side analysts anticipate that Regency Centers Corporation will post 4.54 EPS for the current fiscal year.

Regency Centers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th will be given a $0.755 dividend. This represents a $3.02 annualized dividend and a dividend yield of 4.2%. This is a positive change from Regency Centers’s previous quarterly dividend of $0.71. The ex-dividend date is Monday, December 15th. Regency Centers’s dividend payout ratio (DPR) is 139.17%.

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.