Public Employees Retirement System of Ohio Invests $21.11 Million in Regency Centers Corporation $REG

Key Points

• Ohio’s public employees’ retirement system bought 264,695 Regency Centers shares worth approximately $21.11 million, establishing a 0.14% stake. Institutional investors collectively own 96.07% of REG.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $83.82. Regency Centers recently exceeded quarterly EPS estimates, reporting $1.21 versus the $0.59 consensus.
• Regency Centers declared a quarterly dividend of $0.755 per share, equivalent to $3.02 annually and a 4.0% yield, although its payout ratio stands at 102.37%.

Public Employees Retirement System of Ohio purchased a new position in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 264,695 shares of the company's stock, valued at approximately $21,107,000. Public Employees Retirement System of Ohio owned 0.14% of Regency Centers as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in REG. MASTERINVEST Kapitalanlage GmbH purchased a new position in shares of Regency Centers during the 2nd quarter valued at $216,000. Proficio Capital Partners LLC purchased a new stake in shares of Regency Centers during the 2nd quarter worth about $306,000. Corient Private Wealth LP purchased a new stake in shares of Regency Centers during the 2nd quarter worth about $6,600,000. Bank of America Corp DE purchased a new stake in shares of Regency Centers during the 2nd quarter worth about $52,409,000. Finally, Caisse de depot et placement du Quebec acquired a new stake in shares of Regency Centers during the 2nd quarter valued at about $861,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on REG shares. Evercore set a $83.00 price objective on Regency Centers in a report on Thursday, July 30th. Wells Fargo & Company reduced their target price on shares of Regency Centers from $90.00 to $88.00 and set an "overweight" rating for the company in a research note on Wednesday, August 19th. UBS Group increased their price target on shares of Regency Centers from $81.00 to $85.00 and gave the stock a "neutral" rating in a research note on Thursday, July 9th. LADENBURG THALM/SH SH raised their price target on shares of Regency Centers from $83.00 to $85.00 and gave the company a "neutral" rating in a report on Friday, July 31st. Finally, Jefferies Financial Group upgraded shares of Regency Centers to a "strong-buy" rating in a report on Friday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $83.82.

Insider Buying and Selling at Regency Centers

In related news, insider Terah L. Devereaux sold 1,240 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $80.14, for a total transaction of $99,373.60. Following the completion of the sale, the insider owned 17,990 shares in the company, valued at $1,441,718.60. This trade represents a 6.45% decrease in their position. 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 Price Performance

Shares of REG stock opened at $75.52 on Friday. The company 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 Corporation has a 12 month low of $66.86 and a 12 month high of $83.66. The stock has a 50 day moving average of $79.12 and a two-hundred day moving average of $78.22. 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 announced its quarterly earnings results on Wednesday, July 29th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $411.07 million. During the same quarter in the previous year, the firm posted $1.16 EPS. Regency Centers has set its FY 2026 guidance at 4.840-4.880 EPS. As a group, equities analysts expect that Regency Centers Corporation will post 4.86 EPS for the current year.

Regency Centers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be given a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Friday, September 11th. Regency Centers's dividend payout ratio is 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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