Nykredit A S Invests $6.61 Million in Regency Centers Corporation $REG

Key Points

• Nykredit A/S acquired 82,927 shares of Regency Centers in the second quarter, valued at approximately $6.61 million. Institutional investors and hedge funds collectively own 96.07% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $83.61, compared with the stock’s reported price of $72.92.
• Regency Centers reported quarterly EPS of $1.21, well above the $0.59 estimate, and declared a quarterly dividend of $0.755, equivalent to a 4.1% annualized yield.

Nykredit A S acquired a new stake in Regency Centers Corporation (NASDAQ:REG - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 82,927 shares of the company's stock, valued at approximately $6,613,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. grew its stake in shares of Regency Centers by 3.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 311,562 shares of the company's stock worth $21,507,000 after purchasing an additional 10,745 shares during the period. Legal & General Group Plc increased its holdings in shares of Regency Centers by 2.8% in the 4th quarter. Legal & General Group Plc now owns 1,705,024 shares of the company's stock valued at $117,698,000 after purchasing an additional 46,438 shares in the last quarter. Norges Bank acquired a new stake in shares of Regency Centers in the fourth quarter valued at about $1,183,667,000. Geode Capital Management LLC lifted its stake 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 purchasing an additional 67,739 shares during the period. Finally, Daiwa Securities Group Inc. lifted its stake in shares of Regency Centers by 103.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 173,954 shares of the company's stock valued at $12,008,000 after purchasing an additional 88,257 shares during the period. Institutional investors and hedge funds own 96.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on REG shares. Evercore set a $83.00 price target on shares of Regency Centers in a research report on Thursday, July 30th. LADENBURG THALM/SH SH upped their price target on Regency Centers from $83.00 to $85.00 and gave the stock a "neutral" rating in a report on Friday, July 31st. Weiss Ratings downgraded Regency Centers from a "buy (b+)" rating to a "buy (b)" rating in a research note on Thursday, August 20th. Jefferies Financial Group raised Regency Centers to a "strong-buy" rating in a report on Friday, June 26th. Finally, Griffin Securities set a $81.00 target price on Regency Centers in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $83.61.

Regency Centers Stock Performance

NASDAQ REG opened at $72.92 on Tuesday. The business's 50-day moving average price is $77.44 and its 200 day moving average price is $77.94. Regency Centers Corporation has a twelve month low of $66.86 and a twelve month high of $83.66. The company has a market capitalization of $13.35 billion, a PE ratio of 24.72, a price-to-earnings-growth ratio of 4.33 and a beta of 0.79. 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 (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. Regency Centers had a net margin of 34.38% and a return on equity of 8.04%. The firm had revenue of $413.51 million during the quarter, compared to the consensus estimate of $411.07 million. 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. On average, research analysts predict that Regency Centers Corporation will post 4.86 earnings per share for the current year.

Regency Centers Dividend Announcement

The business also recently announced 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. The ex-dividend date is Friday, September 11th. This represents a $3.02 dividend on an annualized basis and a dividend yield of 4.1%. Regency Centers's dividend payout ratio (DPR) is 102.37%.

Regency Centers Profile

Regency Centers Corporation NASDAQ: REG is a self-administered and self-managed real estate investment trust that owns, operates, develops and redevelops retail properties in the United States. The company primarily focuses on high-quality, grocery-anchored shopping centers designed to serve the daily needs of surrounding communities.

Regency's properties typically include supermarkets, restaurants, specialty retailers, service providers and other complementary tenants. Its activities include leasing and managing shopping centers, pursuing redevelopment opportunities and developing new retail properties in established, attractive trade areas.

Headquartered in Jacksonville, Florida, Regency Centers traces its roots to 1963 and serves communities across major metropolitan areas in the United States.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.