Regency Centers Corporation $REG Shares Sold by Praxis Investment Management Inc.

Praxis Investment Management Inc. lowered its position in Regency Centers Corporation (NASDAQ:REG) by 23.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,070 shares of the company’s stock after selling 1,270 shares during the quarter. Praxis Investment Management Inc.’s holdings in Regency Centers were worth $290,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in REG. Farther Finance Advisors LLC lifted its holdings in Regency Centers by 43.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,435 shares of the company’s stock worth $106,000 after buying an additional 432 shares in the last quarter. SG Americas Securities LLC acquired a new position in Regency Centers in the 1st quarter worth $734,000. Ritholtz Wealth Management increased its position in shares of Regency Centers by 40.2% in the 1st quarter. Ritholtz Wealth Management now owns 3,923 shares of the company’s stock worth $289,000 after purchasing an additional 1,124 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of Regency Centers by 7.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 4,296 shares of the company’s stock worth $317,000 after purchasing an additional 283 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its position in shares of Regency Centers by 2.9% in the 1st quarter. Asset Management One Co. Ltd. now owns 378,046 shares of the company’s stock worth $27,885,000 after purchasing an additional 10,659 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Regency Centers Price Performance

Shares of NASDAQ:REG opened at $72.24 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.72. Regency Centers Corporation has a fifty-two week low of $63.44 and a fifty-two week high of $78.18. The firm has a 50-day simple moving average of $71.71 and a 200 day simple moving average of $71.32. The company has a market cap of $13.12 billion, a PE ratio of 33.76, a P/E/G ratio of 2.99 and a beta of 1.09.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.04. Regency Centers had a net margin of 27.00% and a return on equity of 6.05%. The business had revenue of $369.85 million during the quarter, compared to the consensus estimate of $366.35 million. During the same quarter in the prior year, the firm earned $1.06 EPS. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. On average, sell-side analysts anticipate that Regency Centers Corporation will post 4.54 EPS for the current year.

Regency Centers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were paid a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Thursday, September 11th. Regency Centers’s payout ratio is presently 131.78%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on REG shares. Truist Financial boosted their target price on shares of Regency Centers from $79.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 15th. Mizuho boosted their target price on shares of Regency Centers from $74.00 to $77.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 20th. LADENBURG THALM/SH SH started coverage on shares of Regency Centers in a research report on Tuesday, September 9th. They issued a “neutral” rating and a $76.00 target price for the company. Evercore ISI boosted their target price on shares of Regency Centers from $76.00 to $77.00 and gave the stock an “in-line” rating in a research report on Monday, September 15th. Finally, Wells Fargo & Company boosted their target price on shares of Regency Centers from $79.00 to $81.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 27th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $79.09.

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.