Nissay Asset Management Corp Japan ADV Acquires 489 Shares of Regency Centers Corporation $REG

by · The Cerbat Gem

Nissay Asset Management Corp Japan ADV raised its holdings in Regency Centers Corporation (NASDAQ:REG – Free Report) by 1.1% in the first quarter, Holdings Channel reports. The firm owned 44,489 shares of the company’s stock after purchasing an additional 489 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Regency Centers were worth $3,282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in REG. Nuveen LLC bought a new position in shares of Regency Centers during the 1st quarter worth $182,926,000. Wellington Management Group LLP grew its stake in shares of Regency Centers by 2,846.0% during the 1st quarter. Wellington Management Group LLP now owns 1,256,228 shares of the company’s stock worth $92,659,000 after acquiring an additional 1,213,586 shares during the period. Cbre Investment Management Listed Real Assets LLC grew its stake in shares of Regency Centers by 63.5% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,521,633 shares of the company’s stock worth $185,996,000 after acquiring an additional 979,126 shares during the period. Invesco Ltd. grew its stake in shares of Regency Centers by 9.8% during the 1st quarter. Invesco Ltd. now owns 5,899,497 shares of the company’s stock worth $435,147,000 after acquiring an additional 525,047 shares during the period. Finally, Jefferies Financial Group Inc. bought a new position in shares of Regency Centers during the 1st quarter worth $32,136,000. Institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on REG. Wells Fargo & Company increased their price target on Regency Centers from $79.00 to $81.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 27th. Truist Financial increased their price target on Regency Centers from $79.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 15th. Wall Street Zen downgraded Regency Centers from a “hold” rating to a “sell” rating in a research note on Saturday, July 5th. Barclays increased their price target on Regency Centers from $77.00 to $79.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 27th. Finally, Robert W. Baird increased their price objective on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $79.00.

Read Our Latest Stock Report on Regency Centers

Regency Centers Stock Performance

Shares of REG opened at $73.68 on Monday. The stock’s 50-day simple moving average is $71.31 and its 200 day simple moving average is $71.74. The stock has a market capitalization of $13.38 billion, a price-to-earnings ratio of 34.43, a price-to-earnings-growth ratio of 3.18 and a beta of 1.09. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.13. Regency Centers Corporation has a 52-week low of $63.44 and a 52-week high of $78.18.

Regency Centers (NASDAQ:REG – Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.04. The business had revenue of $369.85 million for the quarter, compared to analysts’ expectations of $366.35 million. Regency Centers had a return on equity of 6.05% and a net margin of 27.00%.The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.06 EPS. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. Research analysts forecast that Regency Centers Corporation will post 4.54 EPS for the current fiscal year.

Regency Centers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be issued a $0.705 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $2.82 annualized dividend and a dividend yield of 3.8%. Regency Centers’s dividend payout ratio (DPR) is presently 131.78%.

Regency Centers Profile

(Free Report)

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.

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