Rakuten Investment Management Inc. Takes Position in Regency Centers Corporation $REG

Rakuten Investment Management Inc. bought a new position in Regency Centers Corporation (NASDAQ:REG) during the third quarter, HoldingsChannel reports. The firm bought 14,146 shares of the company’s stock, valued at approximately $1,031,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. CYBER HORNET ETFs LLC acquired a new position in Regency Centers during the second quarter worth $31,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Regency Centers during the third quarter valued at about $33,000. MUFG Securities EMEA plc bought a new stake in shares of Regency Centers during the second quarter worth about $34,000. Financial Consulate Inc. acquired a new stake in shares of Regency Centers in the 3rd quarter worth about $38,000. Finally, EverSource Wealth Advisors LLC lifted its position in Regency Centers by 233.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 570 shares of the company’s stock valued at $41,000 after acquiring an additional 399 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Insider Buying and Selling

In related news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the company’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 value of $1,050,300.00. Following the transaction, the chairman owned 272,958 shares in the company, valued at approximately $19,112,519.16. This represents a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.00% of the company’s stock.

Regency Centers Trading Up 0.4%

NASDAQ REG opened at $71.15 on Friday. The stock has a market capitalization of $13.01 billion, a price-to-earnings ratio of 32.79, a PEG ratio of 2.65 and a beta of 0.93. Regency Centers Corporation has a one year low of $63.44 and a one year high of $78.18. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.20 and a quick ratio of 1.20. The business’s fifty day moving average is $69.57 and its 200-day moving average is $70.67.

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

Regency Centers Increases Dividend

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

Analyst Upgrades and Downgrades

REG has been the subject of several analyst reports. Barclays raised Regency Centers from an “equal weight” rating to an “overweight” rating and lowered their price objective for the stock from $83.00 to $82.00 in a research note on Tuesday, November 18th. Royal Bank Of Canada upgraded Regency Centers to a “sector perform” rating in a research note on Friday, January 9th. Wall Street Zen upgraded shares of Regency Centers from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th. Jefferies Financial Group set a $79.00 price target on shares of Regency Centers in a research report on Monday, December 15th. Finally, Wells Fargo & Company boosted their price target on shares of Regency Centers from $81.00 to $82.00 and gave the stock an “overweight” rating in a report on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $78.69.

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.