Pacific Heights Asset Management LLC Increases Stock Holdings in Regency Centers Corporation $REG

Pacific Heights Asset Management LLC increased its holdings in shares of Regency Centers Corporation (NASDAQ:REG) by 50.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 225,000 shares of the company’s stock after purchasing an additional 75,000 shares during the quarter. Pacific Heights Asset Management LLC’s holdings in Regency Centers were worth $16,402,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. CYBER HORNET ETFs LLC purchased a new stake in Regency Centers in the 2nd quarter valued at about $31,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Regency Centers during the 3rd quarter worth about $33,000. MUFG Securities EMEA plc acquired a new stake in shares of Regency Centers in the second quarter worth approximately $34,000. Financial Consulate Inc. purchased a new stake in Regency Centers in the third quarter valued at approximately $38,000. Finally, EverSource Wealth Advisors LLC increased its position in Regency Centers by 233.3% during the second 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. 96.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $70.02, for a total transaction of $1,050,300.00. Following the transaction, the chairman directly owned 272,958 shares of the company’s stock, valued at approximately $19,112,519.16. The trade was a 5.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

Regency Centers Stock Performance

Shares of REG stock opened at $71.47 on Tuesday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.72. The company has a market cap of $13.07 billion, a PE ratio of 32.94, a P/E/G ratio of 2.67 and a beta of 0.93. The company’s fifty day simple moving average is $69.51 and its 200-day simple moving average is $70.65. Regency Centers Corporation has a 52 week low of $63.44 and a 52 week high of $78.18.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.15. Regency Centers had a return on equity of 6.14% and a net margin of 27.04%.The firm 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 firm earned $1.07 EPS. Regency Centers has set its FY 2025 guidance at 4.620-4.640 EPS. As a group, equities research analysts anticipate that Regency Centers Corporation will post 4.54 EPS for the current year.

Regency Centers Increases Dividend

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. UBS Group set a $76.00 price target on shares of Regency Centers in a report on Wednesday, January 14th. Mizuho reaffirmed a “neutral” rating and issued a $74.00 target price (down from $77.00) on shares of Regency Centers in a research report on Friday, January 9th. Scotiabank reduced their target price on Regency Centers from $78.00 to $76.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 14th. Jefferies Financial Group set a $79.00 price target on Regency Centers in a research report on Monday, December 15th. Finally, Deutsche Bank Aktiengesellschaft upgraded Regency Centers from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $78.69.

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.