The Manufacturers Life Insurance Company Makes New $10.56 Million Investment in Regency Centers Corporation $REG

Key Points

• The Manufacturers Life Insurance Company purchased 132,389 shares of Regency Centers valued at approximately $10.56 million, giving it a 0.07% stake. Institutional investors collectively own 96.07% of the REIT.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $83.82, above the stock’s reported opening price of $75.52.
• Regency Centers exceeded quarterly earnings expectations, reporting $1.21 in EPS versus estimates of $0.59, and declared a quarterly dividend of $0.755, representing a 4.0% annualized yield.

The Manufacturers Life Insurance Company purchased a new stake in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 132,389 shares of the company's stock, valued at approximately $10,557,000. The Manufacturers Life Insurance Company owned about 0.07% of Regency Centers at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of REG. Havemeyer Place LP acquired a new stake in shares of Regency Centers in the 4th quarter valued at $26,000. Hantz Financial Services Inc. boosted its holdings in Regency Centers by 388.9% in the fourth quarter. Hantz Financial Services Inc. now owns 440 shares of the company's stock valued at $30,000 after acquiring an additional 350 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in Regency Centers by 63.1% in the third quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company's stock worth $30,000 after purchasing an additional 157 shares during the period. CYBER HORNET ETFs LLC bought a new stake in Regency Centers during the 2nd quarter worth about $31,000. Finally, MUFG Securities EMEA plc acquired a new position in Regency Centers during the 2nd quarter valued at about $34,000. Institutional investors own 96.07% of the company's stock.

Analyst Ratings Changes

REG has been the subject of several analyst reports. Barclays lifted their price target on shares of Regency Centers from $90.00 to $92.00 and gave the stock an "overweight" rating in a research report on Monday, August 17th. Raymond James Financial reaffirmed an "outperform" rating and issued a $88.00 price objective on shares of Regency Centers in a research note on Monday, June 29th. Argus set a $85.00 target price on shares of Regency Centers in a report on Monday, August 10th. Jefferies Financial Group upgraded shares of Regency Centers to a "strong-buy" rating in a research report on Friday, June 26th. Finally, Weiss Ratings downgraded Regency Centers from a "buy (b+)" rating to a "buy (b)" rating in a research note on Thursday, August 20th. Two 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. Based on data from MarketBeat.com, Regency Centers has a consensus rating of "Moderate Buy" and an average price target of $83.82.

Regency Centers Stock Performance

Shares of REG stock opened at $75.52 on Friday. The stock has a market cap of $13.83 billion, a PE ratio of 25.60, a price-to-earnings-growth ratio of 3.15 and a beta of 0.80. The stock has a 50-day moving average of $79.12 and a 200-day moving average of $78.22. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 1.25. Regency Centers Corporation has a one year low of $66.86 and a one year high of $83.66.

Regency Centers (NASDAQ:REG - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $1.21 earnings per share for the quarter, topping 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 business had revenue of $413.51 million for the quarter, compared to analyst estimates of $411.07 million. During the same quarter last year, the firm earned $1.16 EPS. Regency Centers has set its FY 2026 guidance at 4.840-4.880 EPS. As a group, sell-side analysts expect that Regency Centers Corporation will post 4.86 earnings per share 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 issued a $0.755 dividend. 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 102.37%.

Insider Activity at Regency Centers

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

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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