Thrivent Financial for Lutherans Trims Stock Position in Regency Centers Corporation $REG

Thrivent Financial for Lutherans reduced its stake in Regency Centers Corporation (NASDAQ:REG) by 17.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 75,349 shares of the company’s stock after selling 16,297 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Regency Centers were worth $5,367,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. CYBER HORNET ETFs LLC purchased a new stake in shares of Regency Centers during the second quarter worth approximately $31,000. MUFG Securities EMEA plc acquired a new position in Regency Centers in the 2nd quarter valued at $34,000. GKV Capital Management Co. Inc. purchased a new position in Regency Centers during the 1st quarter worth $40,000. EverSource Wealth Advisors LLC lifted its stake in shares of Regency Centers by 233.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 570 shares of the company’s stock worth $41,000 after acquiring an additional 399 shares during the period. Finally, Loomis Sayles & Co. L P acquired a new stake in shares of Regency Centers in the 2nd quarter worth $42,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Regency Centers Price Performance

Regency Centers stock opened at $68.55 on Friday. The firm has a market capitalization of $12.54 billion, a PE ratio of 31.59, a P/E/G ratio of 2.63 and a beta of 0.93. Regency Centers Corporation has a 52 week low of $63.44 and a 52 week high of $78.18. The firm’s 50-day simple moving average is $70.04 and its 200 day simple moving average is $70.87. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.72.

Regency Centers (NASDAQ:REG) last posted its earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 earned $1.07 EPS. Regency Centers has set its FY 2025 guidance at 4.620-4.640 EPS. On average, equities research analysts predict that Regency Centers Corporation will post 4.54 EPS for the current fiscal year.

Regency Centers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Monday, December 15th will be given a dividend of $0.755 per share. The ex-dividend date is Monday, December 15th. This represents a $3.02 dividend on an annualized basis and a yield of 4.4%. This is a boost from Regency Centers’s previous quarterly dividend of $0.71. Regency Centers’s dividend payout ratio (DPR) is 139.17%.

Analyst Upgrades and Downgrades

REG has been the subject of several analyst reports. Truist Financial cut their price target on shares of Regency Centers from $81.00 to $77.00 and set a “buy” rating for the company in a report on Tuesday, November 18th. Wells Fargo & Company increased their target price on Regency Centers from $81.00 to $82.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 21st. LADENBURG THALM/SH SH assumed coverage on Regency Centers in a research note on Tuesday, September 9th. They issued a “neutral” rating and a $76.00 price target on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Regency Centers in a report on Tuesday. Finally, Evercore ISI raised their target price on Regency Centers from $76.00 to $77.00 and gave the company an “in-line” rating in a report on Monday, September 15th. One investment 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. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $78.40.

Insiders Place Their Bets

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were 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 in the company, valued at approximately $19,112,519.16. This represents a 5.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.00% of the company’s stock.

About Regency Centers

Regency Centers Corporation is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of grocery-anchored shopping centers. Focused on everyday needs retail, the company’s portfolio is strategically concentrated in high-growth, densely populated markets across the United States. By aligning its properties with essential retailers, Regency Centers delivers stable income streams and drives sustained value for shareholders.

Founded in 1963 and headquartered in Jacksonville, Florida, Regency Centers began as a single shopping center developer before evolving into one of the largest owners of grocery-center real estate.