SG Americas Securities LLC Has $1.24 Million Position in Regency Centers Corporation $REG

SG Americas Securities LLC increased its holdings in shares of Regency Centers Corporation (NASDAQ:REG) by 74.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 17,396 shares of the company’s stock after purchasing an additional 7,447 shares during the period. SG Americas Securities LLC’s holdings in Regency Centers were worth $1,239,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in REG. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Regency Centers by 42.3% during the first quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company’s stock worth $37,000 after buying an additional 150 shares during the last quarter. GKV Capital Management Co. Inc. acquired a new position in Regency Centers during the 1st quarter valued at $40,000. National Pension Service boosted its holdings in Regency Centers by 75.2% in the 1st quarter. National Pension Service now owns 643 shares of the company’s stock valued at $47,000 after purchasing an additional 276 shares during the period. Quarry LP grew its position in Regency Centers by 206.2% in the 1st quarter. Quarry LP now owns 695 shares of the company’s stock worth $51,000 after purchasing an additional 468 shares during the last quarter. Finally, Catalyst Capital Advisors LLC grew its position in Regency Centers by 158.1% in the 2nd quarter. Catalyst Capital Advisors LLC now owns 1,360 shares of the company’s stock worth $97,000 after purchasing an additional 833 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

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 directly owned 272,958 shares of the company’s stock, valued at $19,112,519.16. The trade was a 5.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

REG has been the subject of several research reports. Wells Fargo & Company increased their target price on shares of Regency Centers from $81.00 to $82.00 and gave the company an “overweight” rating in a research note on Tuesday, October 21st. Mizuho upped 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. Robert W. Baird raised their price objective on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Barclays upgraded Regency Centers from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $83.00 to $82.00 in a research report on Tuesday. Finally, Truist Financial cut their target price on Regency Centers from $81.00 to $77.00 and set a “buy” rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.67.

Regency Centers Stock Performance

Shares of NASDAQ:REG opened at $70.87 on Friday. The stock has a market capitalization of $12.87 billion, a price-to-earnings ratio of 32.66, a price-to-earnings-growth ratio of 2.87 and a beta of 1.07. The business’s fifty day moving average price is $70.86 and its two-hundred day moving average price is $71.30. Regency Centers Corporation has a fifty-two week low of $63.44 and a fifty-two week high of $78.18. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.20 and a quick ratio of 1.13.

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

Regency Centers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th will be issued a dividend of $0.755 per share. The ex-dividend date of this dividend is Monday, December 15th. This is a positive change from Regency Centers’s previous quarterly dividend of $0.71. This represents a $3.02 annualized dividend and a dividend yield of 4.3%. Regency Centers’s dividend payout ratio (DPR) is 139.17%.

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.