KLP Kapitalforvaltning AS Buys 1,100 Shares of Regency Centers Corporation $REG

KLP Kapitalforvaltning AS boosted its holdings in shares of Regency Centers Corporation (NASDAQ:REG) by 1.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,300 shares of the company’s stock after acquiring an additional 1,100 shares during the period. KLP Kapitalforvaltning AS’s holdings in Regency Centers were worth $4,403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. QRG Capital Management Inc. grew its holdings in Regency Centers by 4.3% during the 2nd quarter. QRG Capital Management Inc. now owns 84,329 shares of the company’s stock worth $6,007,000 after acquiring an additional 3,490 shares in the last quarter. J. Safra Sarasin Holding AG bought a new position in Regency Centers during the 2nd quarter worth about $1,778,000. Robeco Institutional Asset Management B.V. grew its holdings in Regency Centers by 19.0% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 528,157 shares of the company’s stock worth $37,621,000 after acquiring an additional 84,434 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in Regency Centers by 25.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 5,390 shares of the company’s stock worth $384,000 after acquiring an additional 1,094 shares in the last quarter. Finally, Generate Investment Management Ltd bought a new position in Regency Centers during the 2nd quarter worth about $4,748,000. 96.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on REG. Weiss Ratings reiterated a “buy (b-)” rating on shares of Regency Centers in a report on Wednesday. Robert W. Baird increased their target price on shares of Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Barclays increased their price target 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. Truist Financial increased their price target 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. Finally, Evercore ISI increased their price target on shares of Regency Centers from $76.00 to $77.00 and gave the company an “in-line” rating in a research report on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $79.09.

Regency Centers Stock Performance

Shares of Regency Centers stock opened at $70.37 on Friday. The firm has a market capitalization of $12.78 billion, a P/E ratio of 32.88, a PEG ratio of 3.08 and a beta of 1.09. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.72. The company has a 50 day moving average price of $71.79 and a 200 day moving average price of $71.38. Regency Centers Corporation has a 52 week low of $63.44 and a 52 week high of $78.18.

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

Regency Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were given a $0.705 dividend. This represents a $2.82 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Thursday, September 11th. Regency Centers’s dividend payout ratio (DPR) is presently 131.78%.

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.