Millennium Management LLC Has $30.96 Million Holdings in Regency Centers Corporation $REG

Millennium Management LLC lifted its stake in Regency Centers Corporation (NASDAQ:REG) by 860.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 419,713 shares of the company’s stock after buying an additional 376,030 shares during the period. Millennium Management LLC’s holdings in Regency Centers were worth $30,958,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Regency Centers by 3.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,894 shares of the company’s stock worth $1,099,000 after buying an additional 557 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of Regency Centers by 44.8% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 67,956 shares of the company’s stock worth $5,012,000 after buying an additional 21,029 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Regency Centers by 15.4% in the 1st quarter. AQR Capital Management LLC now owns 64,337 shares of the company’s stock worth $4,701,000 after buying an additional 8,563 shares in the last quarter. Alyeska Investment Group L.P. acquired a new stake in Regency Centers during the 1st quarter valued at $755,000. Finally, Amundi increased its holdings in Regency Centers by 78.5% during the 1st quarter. Amundi now owns 799,546 shares of the company’s stock valued at $57,639,000 after purchasing an additional 351,709 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Regency Centers Stock Down 0.4%

Shares of REG opened at $72.09 on Thursday. The firm has a market capitalization of $13.09 billion, a price-to-earnings ratio of 33.69, a PEG ratio of 3.13 and a beta of 1.09. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.13. The business’s fifty day moving average price is $71.39 and its two-hundred day moving average price is $71.75. 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 data on Tuesday, July 29th. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.04. The firm had revenue of $369.85 million for the quarter, compared to analyst estimates of $366.35 million. Regency Centers had a return on equity of 6.05% and a net margin of 27.00%.The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the company earned $1.06 EPS. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. On average, analysts predict that Regency Centers Corporation will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be given a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Thursday, September 11th. Regency Centers’s dividend payout ratio (DPR) is presently 131.78%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on REG shares. Wall Street Zen cut Regency Centers from a “hold” rating to a “sell” rating in a report on Saturday, July 5th. Evercore ISI raised their price target on Regency Centers from $79.00 to $80.00 and gave the company an “in-line” rating in a report on Wednesday, July 30th. Mizuho raised their price target on Regency Centers from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. Wells Fargo & Company raised their price target on Regency Centers from $79.00 to $81.00 and gave the company an “overweight” rating in a report on Wednesday, August 27th. Finally, Scotiabank raised their price target on Regency Centers from $75.00 to $76.00 and gave the company a “sector perform” rating in a report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $78.67.

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.