Bank of Nova Scotia acquired a new stake in Regency Centers Corporation (NASDAQ:REG – Free Report) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 22,159 shares of the company’s stock, valued at approximately $1,767,000.
Other large investors have also bought and sold shares of the company. Elevation Point Wealth Partners LLC bought a new position in Regency Centers in the second quarter valued at approximately $332,000. Daiichi Life Insurance Co. Ltd. acquired a new position in shares of Regency Centers in the second quarter valued at approximately $449,000. Commerce Bank bought a new stake in shares of Regency Centers during the second quarter worth $621,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Regency Centers during the second quarter worth $664,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Regency Centers during the second quarter worth $11,076,000. 96.07% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on REG shares. Jefferies Financial Group raised shares of Regency Centers to a “strong-buy” rating in a research report on Friday, June 26th. Raymond James Financial reiterated an “outperform” rating and set a $88.00 target price on shares of Regency Centers in a report on Monday, June 29th. Argus set a $85.00 price target on Regency Centers in a research note on Monday, August 10th. Barclays boosted their price target on Regency Centers from $90.00 to $92.00 and gave the company an “overweight” rating in a report on Monday, August 17th. Finally, Weiss Ratings cut Regency Centers from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, August 20th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $83.82.
Regency Centers Price Performance
Shares of REG opened at $76.38 on Thursday. The stock has a market capitalization of $13.99 billion, a P/E ratio of 25.89, a P/E/G ratio of 3.21 and a beta of 0.80. Regency Centers Corporation has a twelve month low of $66.86 and a twelve month high of $83.66. The company has a 50 day moving average of $79.18 and a 200-day moving average of $78.24. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.71.
Regency Centers (NASDAQ:REG – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.62. The company had revenue of $413.51 million for the quarter, compared to the consensus estimate of $411.07 million. Regency Centers had a net margin of 34.38% and a return on equity of 8.04%. During the same period last year, the company earned $1.16 earnings per share. Regency Centers has set its FY 2026 guidance at 4.840-4.880 EPS. As a group, equities research analysts forecast that Regency Centers Corporation will post 4.86 EPS for the current fiscal year.
Regency Centers Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be given a $0.755 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $3.02 dividend on an annualized basis and a yield of 4.0%. Regency Centers’s dividend payout ratio (DPR) is 102.37%.
Insider Transactions at Regency Centers
In other Regency Centers news, insider Terah L. Devereaux sold 1,240 shares of Regency Centers stock in a transaction on Friday, June 12th. The shares were sold at an average price of $80.14, for a total value of $99,373.60. Following the sale, the insider directly owned 17,990 shares in the company, valued at approximately $1,441,718.60. The trade was a 6.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.00% 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.
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