Pacific Heights Asset Management LLC Makes New Investment in Regency Centers Corporation $REG

Key Points

• Pacific Heights Asset Management acquired 300,000 Regency Centers shares worth approximately $23.9 million, while institutional investors collectively own 96.07% of the REIT.
• Analysts maintain a generally positive outlook, with Regency Centers receiving a consensus “Moderate Buy” rating and an average price target of $83.82.
• Regency Centers exceeded quarterly earnings expectations, reporting $1.21 EPS versus a $0.59 estimate, and declared a quarterly dividend of $0.755 per share, representing a 4.0% annualized yield.

Pacific Heights Asset Management LLC acquired a new position in Regency Centers Corporation (NASDAQ:REG - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 300,000 shares of the company's stock, valued at approximately $23,922,000. Pacific Heights Asset Management LLC owned 0.16% of Regency Centers as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its holdings in Regency Centers by 15.4% in the first quarter. AQR Capital Management LLC now owns 64,337 shares of the company's stock worth $4,701,000 after purchasing an additional 8,563 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Regency Centers by 3.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,894 shares of the company's stock worth $1,099,000 after acquiring an additional 557 shares during the last quarter. Empowered Funds LLC raised its holdings in Regency Centers by 9.6% during the 1st quarter. Empowered Funds LLC now owns 5,856 shares of the company's stock worth $432,000 after buying an additional 511 shares during the period. Jane Street Group LLC raised its holdings in shares of Regency Centers by 81.5% during the first quarter. Jane Street Group LLC now owns 8,247 shares of the company's stock valued at $608,000 after acquiring an additional 3,702 shares during the period. Finally, Intech Investment Management LLC raised its holdings in shares of Regency Centers by 47.6% during the first quarter. Intech Investment Management LLC now owns 20,011 shares of the company's stock valued at $1,476,000 after acquiring an additional 6,451 shares during the period. Institutional investors own 96.07% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on REG. Jefferies Financial Group upgraded shares of Regency Centers to a "strong-buy" rating in a research report on Friday, June 26th. Weiss Ratings downgraded shares of Regency Centers from a "buy (b+)" rating to a "buy (b)" rating in a research note on Thursday, August 20th. Evercore set a $83.00 target price on shares of Regency Centers in a research note on Thursday, July 30th. LADENBURG THALM/SH SH increased their target price on Regency Centers from $83.00 to $85.00 and gave the company a "neutral" rating in a report on Friday, July 31st. Finally, Argus set a $85.00 target price on Regency Centers in a research report on Monday, August 10th. Two investment 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's stock. Based on data from MarketBeat, Regency Centers presently has an average rating of "Moderate Buy" and a consensus price target of $83.82.

Regency Centers Stock Down 1.2%

Regency Centers stock opened at $75.46 on Friday. The firm has a market cap of $13.82 billion, a PE ratio of 25.58, a P/E/G ratio of 3.19 and a beta of 0.80. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.25 and a current ratio of 1.25. The firm's 50 day moving average price is $79.15 and its two-hundred day moving average price is $78.24. 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 issued 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 company had revenue of $413.51 million during the quarter, compared to analyst estimates of $411.07 million. During the same quarter last year, the business posted $1.16 EPS. 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 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors 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 dividend on an annualized basis and a yield of 4.0%. Regency Centers's dividend payout ratio (DPR) is presently 102.37%.

Insider Transactions at Regency Centers

In other Regency Centers news, insider Terah L. Devereaux sold 1,240 shares of the business's stock in a transaction dated 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 owned 17,990 shares in the company, valued at $1,441,718.60. The trade was a 6.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.00% of the company's stock.

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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