SG Americas Securities LLC Raises Stake in Regency Centers Corporation $REG

SG Americas Securities LLC boosted its stake in shares of Regency Centers Corporation (NASDAQ:REG) by 272.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 64,775 shares of the company’s stock after purchasing an additional 47,379 shares during the quarter. SG Americas Securities LLC’s holdings in Regency Centers were worth $4,722,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. CYBER HORNET ETFs LLC acquired a new stake in Regency Centers in the 2nd quarter valued at about $31,000. MUFG Securities EMEA plc purchased a new stake in shares of Regency Centers in the second quarter valued at $34,000. Financial Consulate Inc. acquired a new stake in shares of Regency Centers in the third quarter worth approximately $38,000. EverSource Wealth Advisors LLC boosted its holdings 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 valued at $41,000 after purchasing an additional 399 shares during the last quarter. Finally, Loomis Sayles & Co. L P acquired a new stake in Regency Centers during the 2nd quarter worth approximately $42,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Regency Centers Trading Down 1.3%

Shares of NASDAQ REG opened at $69.72 on Friday. 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 stock’s 50 day moving average price is $69.38 and its two-hundred day moving average price is $70.66. Regency Centers Corporation has a 52-week low of $63.44 and a 52-week high of $78.18. The stock has a market capitalization of $12.75 billion, a P/E ratio of 32.13, a PEG ratio of 2.61 and a beta of 0.93.

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

Regency Centers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th were issued a dividend of $0.755 per share. This represents a $3.02 dividend on an annualized basis and a dividend yield of 4.3%. This is a positive change from Regency Centers’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend was Monday, December 15th. Regency Centers’s dividend payout ratio is currently 139.17%.

Wall Street Analyst Weigh In

REG has been the subject of several analyst reports. Truist Financial decreased their target price on Regency Centers from $81.00 to $77.00 and set a “buy” rating for the company in a research report on Tuesday, November 18th. Morgan Stanley reaffirmed an “overweight” rating and set a $85.00 target price on shares of Regency Centers in a research report on Monday, January 5th. Jefferies Financial Group set a $79.00 price target on Regency Centers in a report on Monday, December 15th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $76.00 target price (down from $81.00) on shares of Regency Centers in a research report on Thursday, December 18th. Finally, Royal Bank Of Canada raised shares of Regency Centers to a “sector perform” rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $78.42.

Insider Activity

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