Regency Centers Corporation $REG Shares Bought by Guggenheim Capital LLC

Guggenheim Capital LLC lifted its stake in Regency Centers Corporation (NASDAQ:REG) by 7.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 236,250 shares of the company’s stock after purchasing an additional 17,092 shares during the period. Guggenheim Capital LLC owned about 0.13% of Regency Centers worth $16,828,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank acquired a new stake in Regency Centers in the second quarter valued at approximately $1,219,335,000. JPMorgan Chase & Co. increased its position in shares of Regency Centers by 3.9% in the 1st quarter. JPMorgan Chase & Co. now owns 11,574,170 shares of the company’s stock valued at $853,711,000 after purchasing an additional 432,399 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Regency Centers by 9.8% in the 1st quarter. Invesco Ltd. now owns 5,899,497 shares of the company’s stock valued at $435,147,000 after purchasing an additional 525,047 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Regency Centers by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 4,786,646 shares of the company’s stock worth $339,669,000 after purchasing an additional 65,719 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of 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 in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other 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 value of $1,050,300.00. Following the transaction, the chairman 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.

Regency Centers Stock Down 1.2%

REG stock opened at $69.07 on Friday. The company has a market cap of $12.54 billion, a price-to-earnings ratio of 31.83, a price-to-earnings-growth ratio of 2.71 and a beta of 0.93. The company has a fifty day moving average price of $70.87 and a 200 day moving average price of $71.18. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.20 and a quick ratio of 1.20. Regency Centers Corporation has a 12 month low of $63.44 and a 12 month high of $78.18.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, hitting 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 for the quarter, compared to the consensus estimate of $374.83 million. During the same period last year, the firm posted $1.07 EPS. Regency Centers has set its FY 2025 guidance at 4.620-4.640 EPS. Sell-side analysts expect that Regency Centers Corporation will post 4.54 earnings per share for the current year.

Regency Centers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th will be issued a $0.755 dividend. The ex-dividend date of this dividend is Monday, December 15th. This is an increase from Regency Centers’s previous quarterly dividend of $0.71. This represents a $3.02 dividend on an annualized basis and a dividend yield of 4.4%. Regency Centers’s dividend payout ratio is presently 129.95%.

Analyst Ratings Changes

A number of research firms have weighed in on REG. UBS Group cut Regency Centers from a “hold” rating to a “sell” rating in a research note on Thursday. Truist Financial cut their target price on Regency Centers from $81.00 to $77.00 and set a “buy” rating on the stock in a research report on Tuesday, November 18th. Scotiabank upped their price target on Regency Centers from $76.00 to $78.00 and gave the company a “sector perform” rating in a report on Thursday, November 13th. Weiss Ratings downgraded shares of Regency Centers from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, November 28th. Finally, Wells Fargo & Company boosted their price target on shares of Regency Centers from $81.00 to $82.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $78.63.

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.