Rakuten Investment Management Inc. Acquires New Holdings in Regency Centers Corporation $REG

Rakuten Investment Management Inc. bought a new position in shares of Regency Centers Corporation (NASDAQ:REG) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 14,146 shares of the company’s stock, valued at approximately $1,031,000.

Other large investors also recently modified their holdings of the company. CYBER HORNET ETFs LLC bought a new stake in Regency Centers during the 2nd quarter worth $31,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Regency Centers during the third quarter valued at about $33,000. MUFG Securities EMEA plc bought a new stake in shares of Regency Centers during the second quarter worth about $34,000. Financial Consulate Inc. bought a new stake in shares of Regency Centers during the third quarter worth about $38,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Regency Centers by 233.3% in the second quarter. EverSource Wealth Advisors LLC now owns 570 shares of the company’s stock valued at $41,000 after buying an additional 399 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on REG. Jefferies Financial Group set a $79.00 target price on shares of Regency Centers in a research report on Monday, December 15th. Barclays upgraded shares of Regency Centers from an “equal weight” rating to an “overweight” rating and cut their price target for the stock from $83.00 to $82.00 in a report on Tuesday, November 18th. Mizuho restated a “neutral” rating and issued a $74.00 price objective (down from $77.00) on shares of Regency Centers in a report on Friday, January 9th. Wall Street Zen raised Regency Centers from a “sell” rating to a “hold” rating in a report on Saturday, October 4th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $76.00 price target (down previously from $81.00) on shares of Regency Centers in a research report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $78.69.

Regency Centers Stock Performance

REG stock opened at $71.15 on Friday. The firm has a market cap of $13.01 billion, a PE ratio of 32.79, a price-to-earnings-growth ratio of 2.65 and a beta of 0.93. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.72. The stock has a 50-day moving average price of $69.57 and a 200-day moving average price of $70.67. Regency Centers Corporation has a 1-year low of $63.44 and a 1-year high of $78.18.

Regency Centers (NASDAQ:REG) last released its earnings results on Tuesday, October 28th. The company reported $1.15 EPS for the quarter, hitting the consensus estimate of $1.15. Regency Centers had a return on equity of 6.14% and a net margin of 27.04%.The business had revenue of $387.57 million during the quarter, compared to analysts’ expectations of $374.83 million. During the same quarter last year, the firm posted $1.07 earnings per share. Regency Centers has set its FY 2025 guidance at 4.620-4.640 EPS. As a group, equities research analysts expect that Regency Centers Corporation will post 4.54 earnings per share for the current year.

Regency Centers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th were issued a $0.755 dividend. The ex-dividend date was Monday, December 15th. This is a positive change from Regency Centers’s previous quarterly dividend of $0.71. This represents a $3.02 dividend on an annualized basis and a yield of 4.2%. Regency Centers’s dividend payout ratio is 139.17%.

Insiders Place Their Bets

In other news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $70.02, for a total transaction of $1,050,300.00. Following the transaction, the chairman owned 272,958 shares in the company, valued at approximately $19,112,519.16. This represents a 5.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.00% of the company’s stock.

Regency Centers Company Profile

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.