Knights of Columbus Asset Advisors LLC Sells 2,562 Shares of Regency Centers Corporation $REG

Knights of Columbus Asset Advisors LLC lessened its stake in Regency Centers Corporation (NASDAQ:REG) by 5.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,115 shares of the company’s stock after selling 2,562 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Regency Centers were worth $3,498,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. QRG Capital Management Inc. increased its stake in shares of Regency Centers by 4.3% in the 2nd quarter. QRG Capital Management Inc. now owns 84,329 shares of the company’s stock valued at $6,007,000 after acquiring an additional 3,490 shares during the last quarter. J. Safra Sarasin Holding AG acquired a new position in Regency Centers during the second quarter valued at approximately $1,778,000. Robeco Institutional Asset Management B.V. increased its stake in Regency Centers by 19.0% in the second quarter. Robeco Institutional Asset Management B.V. now owns 528,157 shares of the company’s stock valued at $37,621,000 after purchasing an additional 84,434 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Regency Centers by 25.5% in the second quarter. Janney Montgomery Scott LLC now owns 5,390 shares of the company’s stock worth $384,000 after purchasing an additional 1,094 shares during the period. Finally, Generate Investment Management Ltd bought a new position in shares of Regency Centers during the second quarter worth $4,748,000. Institutional investors own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on REG. Weiss Ratings restated a “buy (b-)” rating on shares of Regency Centers in a research report on Saturday, September 27th. Robert W. Baird increased their price target on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Wells Fargo & Company lifted their price objective on Regency Centers from $79.00 to $81.00 and gave the company an “overweight” rating in a report on Wednesday, August 27th. LADENBURG THALM/SH SH initiated coverage on Regency Centers in a research note on Tuesday, September 9th. They set a “neutral” rating and a $76.00 target price for the company. Finally, Mizuho lifted their price target on shares of Regency Centers from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Regency Centers has an average rating of “Moderate Buy” and an average target price of $78.73.

Regency Centers Stock Performance

Shares of NASDAQ REG opened at $71.68 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $13.01 billion, a price-to-earnings ratio of 33.50, a P/E/G ratio of 3.10 and a beta of 1.09. The stock’s fifty day moving average price is $71.80 and its two-hundred day moving average price is $71.40. Regency Centers Corporation has a one year low of $63.44 and a one year high of $78.18.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.04. The firm had revenue of $369.85 million during the quarter, compared to the consensus estimate of $366.35 million. Regency Centers had a net margin of 27.00% and a return on equity of 6.05%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. 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 forecast that Regency Centers Corporation will post 4.54 EPS for the current year.

Regency Centers Dividend Announcement

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

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.