Corient Private Wealth LP Invests $6.60 Million in Regency Centers Corporation $REG

Key Points

• Corient Private Wealth purchased 82,760 shares of Regency Centers worth approximately $6.6 million in the second quarter, while institutional investors and hedge funds collectively own 96.07% of the stock.
• Analysts maintain a generally positive outlook, with Regency Centers receiving a “Moderate Buy” consensus rating and an average price target of $83.82, compared with a recent share price of $75.52.
• Regency Centers exceeded quarterly earnings expectations with $1.21 EPS versus the $0.59 consensus estimate and declared a quarterly dividend of $0.755 per share, representing a 4.0% annualized yield.

Corient Private Wealth LP purchased a new position in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 82,760 shares of the company's stock, valued at approximately $6,600,000.

Several other hedge funds have also recently added to or reduced their stakes in REG. BlackRock Inc. purchased a new position in Regency Centers in the 2nd quarter valued at $1,597,868,000. Norges Bank purchased a new stake in shares of Regency Centers during the fourth quarter worth $1,183,667,000. State Street Corp raised its position in shares of Regency Centers by 1.4% in the fourth quarter. State Street Corp now owns 12,572,876 shares of the company's stock valued at $877,261,000 after buying an additional 168,884 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Regency Centers by 10.3% in the first quarter. Principal Financial Group Inc. now owns 10,004,796 shares of the company's stock valued at $756,967,000 after buying an additional 931,272 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Regency Centers by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 4,915,089 shares of the company's stock valued at $338,110,000 after buying an additional 67,739 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Regency Centers

In related news, insider Terah L. Devereaux sold 1,240 shares of the company's stock in a transaction that occurred 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 transaction, the insider directly owned 17,990 shares in the company, valued at approximately $1,441,718.60. This represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

REG has been the subject of several research reports. Deutsche Bank Aktiengesellschaft cut shares of Regency Centers from a "buy" rating to a "hold" rating and set a $85.00 price objective for the company. in a research note on Friday, May 29th. Barclays raised their target price on shares of Regency Centers from $90.00 to $92.00 and gave the stock an "overweight" rating in a research note on Monday, August 17th. UBS Group upped their price target on Regency Centers from $81.00 to $85.00 and gave the company a "neutral" rating in a research report on Thursday, July 9th. Weiss Ratings cut Regency Centers from a "buy (b+)" rating to a "buy (b)" rating in a report on Thursday, August 20th. Finally, Argus set a $85.00 price objective on Regency Centers in a research report on Monday, August 10th. Two equities research 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 stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $83.82.

Regency Centers Stock Performance

Shares of REG opened at $75.52 on Monday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.71. Regency Centers Corporation has a 12-month low of $66.86 and a 12-month high of $83.66. The firm has a 50-day moving average price of $79.12 and a 200 day moving average price of $78.24. The firm has a market capitalization of $13.83 billion, a P/E ratio of 25.60, a P/E/G ratio of 3.15 and a beta of 0.80.

Regency Centers (NASDAQ:REG - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $1.21 EPS for the quarter, topping 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 in the previous year, the firm earned $1.16 earnings per share. Regency Centers has set its FY 2026 guidance at 4.840-4.880 EPS. Sell-side analysts forecast that Regency Centers Corporation will post 4.86 EPS for the current year.

Regency Centers Announces Dividend

The company also recently declared 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. This represents a $3.02 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, September 11th. Regency Centers's payout ratio is presently 102.37%.

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.

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