Northwestern Mutual Wealth Management Co. bought a new position in shares of Regency Centers Corporation (NASDAQ:REG – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,323 shares of the company’s stock, valued at approximately $664,000.
Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Regency Centers in the second quarter valued at approximately $1,597,868,000. Norges Bank bought a new position in Regency Centers during the 4th quarter worth $1,183,667,000. Deutsche Bank AG bought a new position in Regency Centers during the 2nd quarter worth $170,282,000. Bank of New York Mellon Corp acquired a new position in Regency Centers in the 2nd quarter valued at $106,858,000. Finally, Principal Financial Group Inc. raised its holdings in Regency Centers by 10.3% in the 1st quarter. Principal Financial Group Inc. now owns 10,004,796 shares of the company’s stock valued at $756,967,000 after acquiring an additional 931,272 shares in the last quarter. 96.07% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
REG has been the topic of several analyst reports. Argus set a $85.00 target price on Regency Centers in a report 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 research note on Monday, August 17th. Citigroup increased their price objective on shares of Regency Centers from $76.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Raymond James Financial reissued an “outperform” rating and issued a $88.00 target price on shares of Regency Centers in a report on Monday, June 29th. Finally, Evercore set a $83.00 price target on shares of Regency Centers in a report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $83.82.
Insider Activity
In related news, insider Terah L. Devereaux sold 1,240 shares of Regency Centers stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $80.14, for a total transaction of $99,373.60. Following the sale, the insider directly owned 17,990 shares of the company’s stock, valued at approximately $1,441,718.60. The trade was a 6.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.00% of the company’s stock.
Regency Centers Price Performance
Shares of REG stock opened at $76.38 on Thursday. The business has a fifty day simple moving average of $79.18 and a 200 day simple moving average of $78.24. The company has a market cap 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. 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 Corporation has a twelve month low of $66.86 and a twelve month high of $83.66.
Regency Centers (NASDAQ:REG – Get Free Report) last released its earnings results 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 firm had revenue of $413.51 million for the quarter, compared to analysts’ expectations of $411.07 million. Regency Centers had a return on equity of 8.04% and a net margin of 34.38%.During the same quarter in the previous year, the business posted $1.16 earnings per share. Regency Centers has set its FY 2026 guidance at 4.840-4.880 EPS. On average, sell-side analysts forecast that Regency Centers Corporation will post 4.86 EPS for the current fiscal year.
Regency Centers Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be paid a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, September 11th. Regency Centers’s dividend payout ratio (DPR) is presently 102.37%.
Regency Centers 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.
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