Oak Thistle LLC Makes New Investment in Regency Centers Corporation $REG

Oak Thistle LLC purchased a new position in shares of Regency Centers Corporation (NASDAQ:REG) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 11,341 shares of the company’s stock, valued at approximately $827,000.

A number of other institutional investors have also modified their holdings of the company. HighTower Advisors LLC lifted its stake in Regency Centers by 0.9% during the 1st quarter. HighTower Advisors LLC now owns 43,647 shares of the company’s stock worth $3,219,000 after acquiring an additional 394 shares in the last quarter. Raymond James Financial Inc. grew its position in Regency Centers by 14.4% in the 1st quarter. Raymond James Financial Inc. now owns 184,511 shares of the company’s stock valued at $13,610,000 after acquiring an additional 23,209 shares in the last quarter. Northern Trust Corp increased its stake in Regency Centers by 3.1% during the first quarter. Northern Trust Corp now owns 2,868,692 shares of the company’s stock worth $211,595,000 after purchasing an additional 87,078 shares during the period. Korea Investment CORP lifted its position in shares of Regency Centers by 46.2% during the first quarter. Korea Investment CORP now owns 160,552 shares of the company’s stock worth $11,842,000 after purchasing an additional 50,701 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Regency Centers by 2,846.0% in the first quarter. Wellington Management Group LLP now owns 1,256,228 shares of the company’s stock valued at $92,659,000 after purchasing an additional 1,213,586 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on REG shares. Barclays raised shares of Regency Centers from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $83.00 to $82.00 in a research note on Tuesday, November 18th. Wells Fargo & Company upped their price objective on Regency Centers from $81.00 to $82.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 21st. Truist Financial reduced their price objective on Regency Centers from $81.00 to $77.00 and set a “buy” rating on the stock in a research note on Tuesday, November 18th. UBS Group cut Regency Centers from a “hold” rating to a “sell” rating in a research note on Thursday, December 4th. Finally, KeyCorp restated a “sector weight” rating on shares of Regency Centers in a report on Thursday, December 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $78.40.

Regency Centers Price Performance

Regency Centers stock opened at $67.71 on Friday. 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 fifty day simple moving average of $70.08 and a 200-day simple moving average of $70.89. The stock has a market cap of $12.38 billion, a P/E ratio of 31.20, a price-to-earnings-growth ratio of 2.64 and a beta of 0.93. Regency Centers Corporation has a 12-month low of $63.44 and a 12-month high of $78.18.

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

Regency Centers Increases Dividend

The firm also recently announced 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. This is a boost from Regency Centers’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Monday, December 15th. This represents a $3.02 annualized dividend and a dividend yield of 4.5%. Regency Centers’s dividend payout ratio is 139.17%.

Insiders Place Their Bets

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 completion of the transaction, the chairman directly owned 272,958 shares of the company’s stock, valued at $19,112,519.16. This represents a 5.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by insiders.

About Regency Centers

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.