Regency Centers Corporation (REG) to Issue Quarterly Dividend of $0.76 on April 1st

Regency Centers Corporation (NASDAQ:REG) announced a quarterly dividend on Wednesday, February 4th. Investors of record on Wednesday, March 11th will be paid a dividend of 0.755 per share on Wednesday, April 1st. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Wednesday, March 11th.

Regency Centers has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 5 consecutive years. Regency Centers has a payout ratio of 123.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Regency Centers to earn $4.67 per share next year, which means the company should continue to be able to cover its $3.02 annual dividend with an expected future payout ratio of 64.7%.

Regency Centers Stock Down 0.8%

REG opened at $78.66 on Monday. Regency Centers has a one year low of $63.44 and a one year high of $79.89. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.05 and a current ratio of 1.05. The business’s fifty day moving average is $73.56 and its two-hundred day moving average is $71.70. The company has a market cap of $14.39 billion, a price-to-earnings ratio of 28.09, a PEG ratio of 3.38 and a beta of 0.91.

Insider Buying and Selling at Regency Centers

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 10,000 shares of Regency Centers stock in a transaction on Friday, February 20th. The stock was sold at an average price of $76.30, for a total transaction of $763,000.00. Following the sale, the chairman owned 272,133 shares of the company’s stock, valued at $20,763,747.90. The trade was a 3.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.00% of the company’s stock.

Institutional Trading of Regency Centers

Several institutional investors have recently modified their holdings of the company. Norges Bank purchased a new position in Regency Centers in the 4th quarter worth about $1,183,667,000. Massachusetts Financial Services Co. MA purchased a new stake in Regency Centers during the third quarter valued at about $107,144,000. PFA Pension Forsikringsaktieselskab purchased a new stake in Regency Centers during the fourth quarter valued at about $56,480,000. Goldman Sachs Group Inc. boosted its holdings in shares of Regency Centers by 75.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,806,165 shares of the company’s stock worth $124,680,000 after buying an additional 775,609 shares during the period. Finally, Amundi boosted its holdings in shares of Regency Centers by 91.4% in the second quarter. Amundi now owns 1,530,276 shares of the company’s stock worth $108,344,000 after buying an additional 730,730 shares during the period. Institutional investors and hedge funds own 96.07% 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.