Westwood Holdings Group Inc. Invests $582,000 in Regency Centers Corporation $REG

Westwood Holdings Group Inc. bought a new stake in shares of Regency Centers Corporation (NASDAQ:REG) in the 2nd quarter, Holdings Channel.com reports. The firm bought 8,164 shares of the company’s stock, valued at approximately $582,000.

Several other institutional investors have also added to or reduced their stakes in REG. Achmea Investment Management B.V. lifted its position in Regency Centers by 641.3% during the second quarter. Achmea Investment Management B.V. now owns 116,046 shares of the company’s stock valued at $8,266,000 after purchasing an additional 100,391 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of Regency Centers by 14.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,589 shares of the company’s stock valued at $256,000 after buying an additional 463 shares in the last quarter. Geode Capital Management LLC grew its stake 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 valued at $339,669,000 after acquiring an additional 65,719 shares during the period. Strs Ohio purchased a new stake in Regency Centers in the 1st quarter worth approximately $5,503,000. Finally, Generate Investment Management Ltd bought a new stake in Regency Centers during the 2nd quarter worth approximately $4,748,000. 96.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on REG. KeyCorp reiterated a “sector weight” rating on shares of Regency Centers in a research report on Thursday, December 4th. Wells Fargo & Company increased their price target on Regency Centers from $81.00 to $82.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 21st. Jefferies Financial Group set a $79.00 price objective on Regency Centers in a research report on Monday. Argus raised Regency Centers to a “strong-buy” rating in a research note on Wednesday, November 5th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Regency Centers in a research note on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Regency Centers presently has an average rating of “Moderate Buy” and a consensus price target of $78.67.

Insider Buying and Selling

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 15,000 shares of Regency Centers stock in a transaction on 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 completion of the transaction, the chairman directly owned 272,958 shares of the company’s stock, valued at $19,112,519.16. This trade represents a 5.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.00% of the stock is owned by company insiders.

Regency Centers Trading Up 0.7%

Shares of Regency Centers stock opened at $68.25 on Tuesday. Regency Centers Corporation has a twelve month low of $63.44 and a twelve month high of $78.18. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.72. The business has a 50-day moving average price of $70.30 and a 200-day moving average price of $70.96. The firm has a market cap of $12.48 billion, a price-to-earnings ratio of 31.45, a PEG ratio of 2.63 and a beta of 0.93.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $1.15 EPS for the quarter, meeting analysts’ consensus estimates of $1.15. The company had revenue of $387.57 million during 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 period in the prior year, the company earned $1.07 earnings per share. Regency Centers has set its FY 2025 guidance at 4.620-4.640 EPS. Equities research analysts anticipate that Regency Centers Corporation will post 4.54 EPS for the current fiscal year.

Regency Centers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Monday, December 15th will be paid 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 dividend on an annualized basis and a yield of 4.4%. Regency Centers’s payout ratio is currently 139.17%.

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.