Regency Centers Corporation $REG Shares Purchased by Generate Investment Management Ltd

Generate Investment Management Ltd raised its holdings in Regency Centers Corporation (NASDAQ:REG) by 73.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 115,457 shares of the company’s stock after purchasing an additional 48,803 shares during the period. Generate Investment Management Ltd’s holdings in Regency Centers were worth $8,417,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. CYBER HORNET ETFs LLC bought a new stake in shares of Regency Centers in the second quarter worth $31,000. MUFG Securities EMEA plc acquired a new position in Regency Centers during the 2nd quarter worth $34,000. EverSource Wealth Advisors LLC increased its position in shares of Regency Centers by 233.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 570 shares of the company’s stock worth $41,000 after purchasing an additional 399 shares during the last quarter. Loomis Sayles & Co. L P acquired a new stake in shares of Regency Centers in the 2nd quarter valued at about $42,000. Finally, Quarry LP lifted its position in shares of Regency Centers by 206.2% during the first quarter. Quarry LP now owns 695 shares of the company’s stock worth $51,000 after purchasing an additional 468 shares during the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Regency Centers Price Performance

Shares of REG opened at $69.60 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.72. The company has a 50 day moving average of $69.69 and a 200-day moving average of $70.76. Regency Centers Corporation has a twelve month low of $63.44 and a twelve month high of $78.18. The stock has a market capitalization of $12.73 billion, a P/E ratio of 32.07, a P/E/G ratio of 2.71 and a beta of 0.93.

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

Regency Centers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th will be given a dividend of $0.755 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $3.02 dividend on an annualized basis and a dividend yield of 4.3%. This is a boost from Regency Centers’s previous quarterly dividend of $0.71. Regency Centers’s payout ratio is currently 139.17%.

Insider Activity at Regency Centers

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $70.02, for a total value of $1,050,300.00. Following the sale, the chairman owned 272,958 shares of the company’s stock, valued at $19,112,519.16. This trade represents a 5.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on REG. Wall Street Zen raised Regency Centers from a “sell” rating to a “hold” rating in a report on Saturday, October 4th. KeyCorp reaffirmed a “sector weight” rating on shares of Regency Centers in a report on Thursday, December 4th. Truist Financial cut their price target on Regency Centers from $81.00 to $77.00 and set a “buy” rating on the stock in a report on Tuesday, November 18th. UBS Group downgraded Regency Centers from a “hold” rating to a “sell” rating in a research note on Thursday, December 4th. Finally, Wells Fargo & Company raised their target price on Regency Centers from $81.00 to $82.00 and gave the company an “overweight” rating in a research note on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $78.40.

Regency Centers Profile

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.