Miller Howard Investments Inc. NY Buys New Stake in Regency Centers Corporation $REG

Miller Howard Investments Inc. NY bought a new stake in shares of Regency Centers Corporation (NASDAQ:REG) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 300,043 shares of the company’s stock, valued at approximately $21,567,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in Regency Centers in the 2nd quarter worth $1,597,868,000. Principal Financial Group Inc. boosted its stake in shares of Regency Centers by 10.3% during the 1st quarter. Principal Financial Group Inc. now owns 10,004,796 shares of the company’s stock valued at $756,967,000 after purchasing an additional 931,272 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Regency Centers by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,667,906 shares of the company’s stock valued at $201,849,000 after purchasing an additional 67,213 shares in the last quarter. Deutsche Bank AG bought a new stake in shares of Regency Centers during the 2nd quarter valued at about $170,282,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Regency Centers by 18,982.4% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,953,088 shares of the company’s stock valued at $155,739,000 after buying an additional 1,942,853 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Regency Centers Stock Down 0.4%

Shares of Regency Centers stock opened at $73.67 on Tuesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 1.25. The company has a 50-day moving average of $73.88 and a 200 day moving average of $76.50. The firm has a market cap of $13.49 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 4.43 and a beta of 0.80. Regency Centers Corporation has a 1 year low of $66.86 and a 1 year high of $83.66.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $1.21 EPS for the quarter, topping the consensus estimate of $0.59 by $0.62. Regency Centers had a net margin of 34.38% and a return on equity of 8.04%. The business had revenue of $413.51 million for the quarter, compared to analyst estimates of $411.07 million. During the same quarter in the previous year, the firm posted $1.16 earnings per share. Regency Centers has set its FY 2026 guidance at 4.840-4.880 EPS. As a group, sell-side analysts anticipate that Regency Centers Corporation will post 4.86 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 11th were paid a dividend of $0.7550 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $3.02 dividend on an annualized basis and a dividend yield of 4.1%. Regency Centers’s dividend payout ratio (DPR) is currently 102.37%.

Wall Street Analyst Weigh In

REG has been the subject of a number of research reports. Argus set a $85.00 price target on shares of Regency Centers in a research note on Monday, August 10th. UBS Group cut their price objective on Regency Centers from $85.00 to $77.00 and set a “neutral” rating on the stock in a research report on Friday, October 9th. Scotiabank cut their price objective on Regency Centers from $82.00 to $81.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 17th. Wells Fargo & Company reduced their target price on Regency Centers from $88.00 to $84.00 and set an “overweight” rating on the stock in a report on Friday. Finally, JPMorgan Chase & Co. raised Regency Centers from a “neutral” rating to an “overweight” rating and set a $83.00 target price for the company in a research report on Thursday, September 24th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Regency Centers has an average rating of “Moderate Buy” and a consensus price target of $83.00.

Regency Centers Profile

Regency Centers Corporation is a real estate investment trust that owns, operates, develops and redevelops grocery-anchored shopping centers in the United States. Its properties are designed to serve everyday consumer needs and typically include supermarkets, restaurants, service providers, retailers and other commercial tenants.

The company focuses primarily on high-quality shopping centers located in established and growing communities, often in affluent or densely populated trade areas.