4,199 Shares in Regency Centers Corporation $REG Purchased by AlphaStar Capital Management LLC

AlphaStar Capital Management LLC acquired a new position in Regency Centers Corporation (NASDAQ:REG) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,199 shares of the company’s stock, valued at approximately $299,000.

A number of other large investors have also modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in shares of Regency Centers by 3.9% in the 1st quarter. JPMorgan Chase & Co. now owns 11,574,170 shares of the company’s stock worth $853,711,000 after acquiring an additional 432,399 shares during the period. Invesco Ltd. increased its holdings in shares of Regency Centers by 9.8% in 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. Northern Trust Corp increased its holdings in shares of Regency Centers by 3.1% in the 1st quarter. Northern Trust Corp now owns 2,868,692 shares of the company’s stock worth $211,595,000 after acquiring an additional 87,078 shares during the period. Cbre Investment Management Listed Real Assets LLC grew its position in Regency Centers by 63.5% in the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,521,633 shares of the company’s stock valued at $185,996,000 after buying an additional 979,126 shares in the last quarter. Finally, Nuveen LLC bought a new position in Regency Centers in the 1st quarter valued at about $182,926,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Regency Centers Stock Performance

NASDAQ:REG opened at $68.95 on Friday. Regency Centers Corporation has a twelve month low of $63.44 and a twelve month high of $78.18. The company has a current ratio of 1.20, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. The company has a 50-day moving average of $71.70 and a 200-day moving average of $71.52. The firm has a market cap of $12.52 billion, a price-to-earnings ratio of 31.77, a price-to-earnings-growth ratio of 2.87 and a beta of 1.09.

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

Regency Centers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th will be given a $0.755 dividend. This represents a $3.02 annualized dividend and a dividend yield of 4.4%. This is an increase from Regency Centers’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Monday, December 15th. Regency Centers’s payout ratio is 139.17%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on REG shares. Wall Street Zen upgraded shares of Regency Centers from a “sell” rating to a “hold” rating in a research report on Saturday, October 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Regency Centers in a research report on Wednesday, October 8th. 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. Barclays increased their target price on shares of Regency Centers from $79.00 to $83.00 and gave the company an “equal weight” rating in a research report on Monday, October 6th. Finally, Truist Financial increased their target price on shares of Regency Centers from $79.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 15th. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $79.10.

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.