7,267 Shares in Regency Centers Corporation $REG Purchased by Pasadena Private Wealth LLC

Pasadena Private Wealth LLC acquired a new position in Regency Centers Corporation (NASDAQ:REG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,267 shares of the company’s stock, valued at approximately $579,000.

Other large investors have also modified their holdings of the company. Danske Bank A S bought a new position in shares of Regency Centers during the second quarter valued at approximately $85,000. Wealthfront Advisers LLC purchased a new position in Regency Centers during the 2nd quarter valued at $2,129,000. Meeder Advisory Services Inc. bought a new position in Regency Centers in the 2nd quarter valued at $228,000. BlackRock Inc. purchased a new stake in Regency Centers in the second quarter worth $1,597,868,000. Finally, Deutsche Bank AG bought a new stake in shares of Regency Centers during the second quarter worth $170,282,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

REG has been the subject of a number of research analyst reports. BTIG Research reiterated a “buy” rating and set a $85.00 price objective on shares of Regency Centers in a report on Friday, June 12th. Wells Fargo & Company decreased their price target 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. Jefferies Financial Group upgraded Regency Centers to a “strong-buy” rating in a report on Friday, June 26th. Barclays lifted their price objective on shares of Regency Centers from $90.00 to $92.00 and gave the company an “overweight” rating in a report on Monday. Finally, Citigroup upped their target price on Regency Centers from $76.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Two 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 stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $83.82.

Insider Transactions at Regency Centers

In other news, insider Terah L. Devereaux sold 1,240 shares of the company’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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Regency Centers Stock Performance

Shares of Regency Centers stock opened at $76.40 on Thursday. The company has a market capitalization of $13.99 billion, a PE ratio of 25.90, a P/E/G ratio of 3.18 and a beta of 0.80. The company has a 50-day simple moving average of $79.46 and a two-hundred day simple moving average of $78.13. Regency Centers Corporation has a one year low of $66.86 and a one year high of $83.66. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.25 and a current ratio of 1.25.

Regency Centers (NASDAQ:REG) last released its quarterly earnings results on Wednesday, July 29th. The company reported $1.21 earnings per share 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 business had revenue of $413.51 million for the quarter, compared to analysts’ expectations of $411.07 million. During the same period last year, the business earned $1.16 EPS. Regency Centers has set its FY 2026 guidance at 4.840-4.880 EPS. Research analysts expect that Regency Centers Corporation will post 4.86 EPS for the current fiscal year.

Regency Centers Dividend Announcement

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