Regency Centers (REG)

• Market cap: $13.1B
• 1 day: 1.04%
• 5 days: 1.42%
• 1 month: -2.43%
• 3 months: 0.50%
• 6 months: 7.69%
• Year to date: -0.35%
• 1 year: 14.28%
• 5 years: 12.70%
• 10 years: 5.87%
• Sector: Financials
• Industry: Real Estate Investment Trusts

About: Regency Centers is one of the largest shopping center-focused retail REITs. The company's portfolio includes an interest in 483 properties, which includes over 57 million square feet of retail space following the completion of the Urstadt Biddle acquisition in August 2023. The portfolio is geographically diversified with 22 regional offices and no single market representing more than 12% of total company net operating income. Regency's retail portfolio is primarily composed of grocery-anchored centers, with 80% of properties featuring a grocery anchor and grocery stores representing 20% of annual base rent.

Employees: 497

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

86% more first-time investments, than exits

New positions opened: 69 | Existing positions closed: 37

7% more capital invested

Capital invested by funds: $11.6B [Q2] → $12.4B (+$821M) [Q3]

6% more funds holding

Funds holding: 449 [Q2] → 474 (+25) [Q3]

4% more repeat investments, than reductions

Existing positions increased: 176 | Existing positions reduced: 169

6.22% less ownership

Funds ownership: 100.65% [Q2] → 94.42% (-6.22%) [Q3]

33% less funds holding in top 10

Funds holding in top 10: 3 [Q2] → 2 (-1) [Q3]

97% less call options, than puts

Call options by funds: $628K | Put options by funds: $24M

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $77 7% upside
• Avg. target: $79 10% upside
• High target: $80 11% upside

6 analyst ratings

• positive: 5 83%
• neutral: 1 17%
• negative: 0 0%

Mizuho Haendel St. Juste 53% 1-year accuracy 9 / 17 met price target	11% upside $80	Outperform Maintained	8 Jan 2025
Evercore ISI Group Steve Sakwa 42% 1-year accuracy 22 / 53 met price target	7% upside $77	In-Line Maintained	24 Dec 2024
BTIG Michael Gorman 20% 1-year accuracy 1 / 5 met price target	10% upside $79	Buy Maintained	27 Nov 2024
JP Morgan Michael Mueller 60% 1-year accuracy 9 / 15 met price target	11% upside $80	Overweight Maintained	4 Nov 2024
Baird Wesley Golladay 56% 1-year accuracy 5 / 9 met price target	8% upside $78	Outperform Maintained	31 Oct 2024