Inceptionr LLC Takes $352,000 Position in Regency Centers Corporation $REG

Inceptionr LLC bought a new position in shares of Regency Centers Corporation (NASDAQ:REG) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,937 shares of the company’s stock, valued at approximately $352,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Envestnet Portfolio Solutions Inc. raised its holdings in Regency Centers by 14.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,589 shares of the company’s stock valued at $256,000 after acquiring an additional 463 shares during the last quarter. Achmea Investment Management B.V. increased its position in Regency Centers by 641.3% during the 2nd quarter. Achmea Investment Management B.V. now owns 116,046 shares of the company’s stock worth $8,266,000 after purchasing an additional 100,391 shares in the last quarter. Strs Ohio purchased a new position in shares of Regency Centers in the 1st quarter valued at $5,503,000. Generate Investment Management Ltd purchased a new stake in Regency Centers during the 2nd quarter worth $4,748,000. Finally, Geode Capital Management LLC increased its holdings in Regency Centers by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 4,786,646 shares of the company’s stock valued at $339,669,000 after purchasing an additional 65,719 shares in the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Regency Centers Stock Up 0.9%

NASDAQ:REG opened at $71.89 on Friday. The business’s fifty day moving average price is $70.96 and its 200 day moving average price is $71.26. 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 firm has a market capitalization of $13.05 billion, a price-to-earnings ratio of 33.13, a PEG ratio of 2.87 and a beta of 1.07. Regency Centers Corporation has a 1-year low of $63.44 and a 1-year high of $78.18.

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

Regency Centers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th will be paid a dividend of $0.755 per share. This is a positive change from Regency Centers’s previous quarterly dividend of $0.71. The ex-dividend date is Monday, December 15th. This represents a $3.02 annualized dividend and a dividend yield of 4.2%. Regency Centers’s dividend payout ratio (DPR) is currently 139.17%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Evercore ISI increased their target price on Regency Centers from $76.00 to $77.00 and gave the company an “in-line” rating in a research note on Monday, September 15th. Mizuho upped their price objective on Regency Centers from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Wells Fargo & Company boosted their price objective on shares of Regency Centers from $81.00 to $82.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. LADENBURG THALM/SH SH assumed coverage on Regency Centers in a research note on Tuesday, September 9th. They issued a “neutral” rating and a $76.00 target price on the stock. Finally, Wall Street Zen raised Regency Centers from a “sell” rating to a “hold” rating in a report on Saturday, October 4th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Regency Centers presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.63.

Insider Buying and Selling at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $70.02, for a total value of $1,050,300.00. Following the completion of the sale, the chairman directly owned 272,958 shares in the company, valued at approximately $19,112,519.16. The trade was a 5.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.00% of the company’s stock.

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.