Sumitomo Mitsui Trust Group Inc. Has $39.60 Million Stake in Regency Centers Corporation $REG

Sumitomo Mitsui Trust Group Inc. raised its position in shares of Regency Centers Corporation (NASDAQ:REG) by 1.5% during the third quarter, HoldingsChannel.com reports. The fund owned 543,146 shares of the company’s stock after buying an additional 8,225 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Regency Centers were worth $39,595,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Regency Centers in the 2nd quarter valued at about $1,219,335,000. State Street Corp increased its holdings in Regency Centers by 2.2% in the second quarter. State Street Corp now owns 12,035,961 shares of the company’s stock worth $865,625,000 after purchasing an additional 262,551 shares in the last quarter. Geode Capital Management LLC lifted its stake in Regency Centers by 1.4% in the second quarter. Geode Capital Management LLC now owns 4,786,646 shares of the company’s stock valued at $339,669,000 after buying an additional 65,719 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Regency Centers by 3.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,426,163 shares of the company’s stock worth $172,816,000 after buying an additional 77,978 shares in the last quarter. Finally, Legal & General Group Plc grew its position in shares of Regency Centers by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 1,774,056 shares of the company’s stock worth $126,366,000 after buying an additional 27,507 shares during the period. 96.07% of the stock is owned by institutional investors.

Insider Activity

In related news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the company’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $70.02, for a total transaction of $1,050,300.00. Following the completion of the sale, 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 filing with the SEC, which can be accessed through this link. 1.00% of the stock is currently owned by insiders.

Regency Centers Stock Up 2.3%

Shares of NASDAQ REG opened at $71.47 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.20 and a quick ratio of 1.20. The company has a 50-day moving average price of $69.49 and a 200-day moving average price of $70.65. The stock has a market capitalization of $13.07 billion, a P/E ratio of 32.94, a P/E/G ratio of 2.61 and a beta of 0.93. 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 results on Tuesday, October 28th. The company reported $1.15 earnings per share for the quarter, meeting the consensus estimate of $1.15. The business had revenue of $387.57 million for the quarter, compared to analysts’ expectations of $374.83 million. Regency Centers had a net margin of 27.04% and a return on equity of 6.14%. During the same quarter last year, the firm earned $1.07 EPS. Regency Centers has set its FY 2025 guidance at 4.620-4.640 EPS. On average, equities research analysts forecast that Regency Centers Corporation will post 4.54 EPS for the current fiscal year.

Regency Centers Increases Dividend

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

Wall Street Analysts Forecast Growth

REG has been the topic of a number of research reports. Royal Bank Of Canada upgraded shares of Regency Centers to a “sector perform” rating in a research report on Friday, January 9th. Barclays upgraded shares of Regency Centers from an “equal weight” rating to an “overweight” rating and dropped their price objective for the company from $83.00 to $82.00 in a report on Tuesday, November 18th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $76.00 price objective (down previously from $81.00) on shares of Regency Centers in a research report on Thursday, December 18th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Regency Centers in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded Regency Centers from a “sell” rating to a “hold” rating in a report on Saturday, October 4th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $78.33.

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.