Wealthfront Advisers LLC acquired a new stake in Regency Centers Corporation (NASDAQ:REG - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 26,705 shares of the company's stock, valued at approximately $2,129,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Meeder Advisory Services Inc. bought a new stake in shares of Regency Centers during the second quarter worth $228,000. BlackRock Inc. acquired a new position in shares of Regency Centers during the second quarter valued at $1,597,868,000. Deutsche Bank AG bought a new position in Regency Centers in the second quarter valued at about $170,282,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Regency Centers in the second quarter valued at about $43,663,000. Finally, Plato Investment Management Ltd acquired a new stake in Regency Centers in the second quarter worth about $685,000. 96.07% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on REG. Evercore set a $83.00 price objective on Regency Centers in a report on Thursday, July 30th. UBS Group lifted their price target on shares of Regency Centers from $81.00 to $85.00 and gave the stock a "neutral" rating in a research report on Thursday, July 9th. Weiss Ratings raised shares of Regency Centers from a "buy (b)" rating to a "buy (b+)" rating in a research note on Wednesday, August 5th. Raymond James Financial reissued an "outperform" rating and set a $88.00 price target on shares of Regency Centers in a research note on Monday, June 29th. Finally, Argus set a $85.00 price objective on shares of Regency Centers in a 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $83.82.
Check Out Our Latest Analysis on REG
Regency Centers Trading Up 0.1%
Regency Centers stock opened at $76.51 on Friday. The company has a market cap of $14.01 billion, a price-to-earnings ratio of 25.94, a P/E/G ratio of 3.19 and a beta of 0.80. The firm has a 50-day moving average of $79.38 and a 200-day moving average of $78.16. 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 issued its earnings results on Wednesday, July 29th. The company reported $1.21 earnings per share for the quarter, topping 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 business had revenue of $413.51 million for the quarter, compared to the consensus estimate of $411.07 million. During the same period in the previous year, the company earned $1.16 earnings per share. Regency Centers has set its FY 2026 guidance at 4.840-4.880 EPS. On average, equities analysts expect that Regency Centers Corporation will post 4.86 earnings per share for the current fiscal year.
Regency Centers Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be issued a dividend of $0.755 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $3.02 annualized dividend and a dividend yield of 3.9%. Regency Centers's dividend payout ratio (DPR) is currently 102.37%.
Insider Buying and Selling at Regency Centers
In other news, insider Terah L. Devereaux sold 1,240 shares of the 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 directly owned 17,990 shares of the company's stock, valued at approximately $1,441,718.60. This represents a 6.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.00% of the company's stock.
Regency Centers Company Profile
(
Free Report)
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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