Regency Centers Corporation (REG) to Issue Quarterly Dividend of $0.76 on January 6th

Regency Centers Corporation (NASDAQ:REG) announced a quarterly dividend on Monday, October 27th. Stockholders of record on Monday, December 15th will be paid a dividend of 0.755 per share on Tuesday, January 6th. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Monday, December 15th. This is a 7.1% increase from Regency Centers’s previous quarterly dividend of $0.71.

Regency Centers has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Regency Centers has a dividend payout ratio of 123.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Regency Centers to earn $4.67 per share next year, which means the company should continue to be able to cover its $3.02 annual dividend with an expected future payout ratio of 64.7%.

Regency Centers Price Performance

Regency Centers stock remained flat at $67.76 during trading on Friday. The company had a trading volume of 1,015,324 shares, compared to its average volume of 1,058,873. The company’s 50-day moving average price is $70.36 and its 200 day moving average price is $71.01. Regency Centers has a fifty-two week low of $63.44 and a fifty-two week high of $78.18. The firm has a market cap of $12.39 billion, a PE ratio of 31.23, a price-to-earnings-growth ratio of 2.63 and a beta of 0.93. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.20 and a current ratio of 1.20.

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

Insider Transactions at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the firm’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $70.02, for a total transaction of $1,050,300.00. Following the sale, the chairman directly owned 272,958 shares in the company, valued at $19,112,519.16. This trade represents a 5.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Regency Centers

Several institutional investors and hedge funds have recently modified their holdings of REG. Brown Brothers Harriman & Co. increased its holdings in Regency Centers by 63.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock valued at $30,000 after acquiring an additional 157 shares during the last quarter. CYBER HORNET ETFs LLC bought a new position in Regency Centers during the second quarter valued at approximately $31,000. Steigerwald Gordon & Koch Inc. purchased a new position in Regency Centers during the 3rd quarter valued at approximately $33,000. MUFG Securities EMEA plc bought a new stake in Regency Centers in the 2nd quarter worth approximately $34,000. Finally, Caitong International Asset Management Co. Ltd boosted its position in shares of Regency Centers by 42.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company’s stock valued at $37,000 after acquiring an additional 150 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

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.