Algert Global LLC Buys Shares of 84,560 Regency Centers Corporation $REG

Key Points

• Algert Global LLC acquired 84,560 shares of Regency Centers in the second quarter, valued at approximately $6.74 million. Institutional investors collectively own 96.07% of the REIT.
• Analysts maintain a generally positive outlook, with Regency Centers holding a consensus “Moderate Buy” rating and an average price target of $83.82. Recent targets range from $82 to $92.
• Regency Centers reported quarterly EPS of $1.21, exceeding expectations of $0.59, and revenue of $413.51 million. The company also declared a quarterly dividend of $0.755 per share, equivalent to a 4.0% annualized yield.

Algert Global LLC acquired a new position in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 84,560 shares of the company's stock, valued at approximately $6,743,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Inspire Investing LLC lifted its stake in Regency Centers by 0.6% in the 1st quarter. Inspire Investing LLC now owns 22,480 shares of the company's stock valued at $1,701,000 after purchasing an additional 141 shares during the last quarter. Tema ETFs LLC increased its position in Regency Centers by 7.1% during the second quarter. Tema ETFs LLC now owns 2,184 shares of the company's stock worth $174,000 after acquiring an additional 145 shares during the period. Norinchukin Bank The raised its stake in Regency Centers by 0.8% in the 3rd quarter. Norinchukin Bank The now owns 17,730 shares of the company's stock worth $1,293,000 after purchasing an additional 147 shares in the last quarter. Brown Brothers Harriman & Co. boosted its holdings in Regency Centers by 63.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company's stock valued at $30,000 after purchasing an additional 157 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Regency Centers by 12.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,437 shares of the company's stock valued at $102,000 after purchasing an additional 162 shares during the period. 96.07% of the stock is owned by institutional investors.

Insider Activity at Regency Centers

In related news, insider Terah L. Devereaux sold 1,240 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $80.14, for a total value of $99,373.60. Following the completion of the sale, the insider directly owned 17,990 shares of the company's stock, valued at approximately $1,441,718.60. This represents a 6.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

REG has been the subject of several recent analyst reports. Weiss Ratings cut Regency Centers from a "buy (b+)" rating to a "buy (b)" rating in a research note on Thursday, August 20th. Argus set a $85.00 price objective on Regency Centers in a research note on Monday, August 10th. Barclays lifted their target price on Regency Centers from $90.00 to $92.00 and gave the company an "overweight" rating in a research report on Monday, August 17th. Citigroup increased their target price on shares of Regency Centers from $76.00 to $82.00 and gave the stock a "neutral" rating in a report on Tuesday, May 5th. Finally, BTIG Research restated a "buy" rating and issued a $85.00 price target on shares of Regency Centers in a research note on Friday, June 12th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, Regency Centers presently has a consensus rating of "Moderate Buy" and an average price target of $83.82.

Regency Centers Price Performance

REG stock opened at $76.38 on Thursday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.71. The firm has a market cap of $13.99 billion, a price-to-earnings ratio of 25.89, a PEG ratio of 3.21 and a beta of 0.80. The company's fifty day simple moving average is $79.18 and its 200 day simple moving average is $78.24. Regency Centers Corporation has a 12-month low of $66.86 and a 12-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 EPS for the quarter, topping the consensus estimate of $0.59 by $0.62. Regency Centers had a return on equity of 8.04% and a net margin of 34.38%.The business had revenue of $413.51 million during the quarter, compared to analysts' expectations of $411.07 million. During the same quarter last year, the firm posted $1.16 earnings per share. Regency Centers has set its FY 2026 guidance at 4.840-4.880 EPS. On average, analysts expect that Regency Centers Corporation will post 4.86 earnings per share for the current year.

Regency Centers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be given a dividend of $0.755 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $3.02 annualized dividend and a dividend yield of 4.0%. Regency Centers's payout ratio 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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