Rakuten Investment Management Inc. Invests $2.19 Million in Regency Centers Corporation $REG

Rakuten Investment Management Inc. purchased a new position in Regency Centers Corporation (NASDAQ:REG) during the second quarter, Holdings Channel reports. The fund purchased 26,952 shares of the company’s stock, valued at approximately $2,191,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in Regency Centers during the second quarter worth about $1,597,868,000. Norges Bank purchased a new position in Regency Centers in the fourth quarter valued at about $1,183,667,000. Deutsche Bank AG purchased a new position in Regency Centers in the second quarter valued at about $170,282,000. Legal & General Group Plc bought a new position in shares of Regency Centers during the 2nd quarter valued at approximately $109,394,000. Finally, Hsbc Holdings PLC bought a new position in shares of Regency Centers during the 2nd quarter valued at approximately $108,196,000. Institutional investors own 96.07% of the company’s stock.

Regency Centers Price Performance

Regency Centers stock opened at $75.52 on Monday. The firm has a market capitalization of $13.83 billion, a P/E ratio of 25.60, a PEG ratio of 3.15 and a beta of 0.80. 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 current ratio of 1.25 and a quick ratio of 1.25. The business has a fifty day moving average price of $79.12 and a 200-day moving average price of $78.24.

Regency Centers (NASDAQ:REG) last released its quarterly earnings data 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. The company had revenue of $413.51 million for the quarter, compared to analyst estimates of $411.07 million. Regency Centers had a return on equity of 8.04% and a net margin of 34.38%.During the same period in the previous year, the company posted $1.16 EPS. Regency Centers has set its FY 2026 guidance at 4.840-4.880 EPS. As a group, equities research analysts forecast 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. Stockholders of record on Friday, September 11th will be given a dividend of $0.755 per share. The ex-dividend date is Friday, September 11th. This represents a $3.02 annualized dividend and a dividend yield of 4.0%. Regency Centers’s dividend payout ratio is currently 102.37%.

Insider Activity

In other 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 value 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on REG. Wells Fargo & Company lowered their price target on shares of Regency Centers from $90.00 to $88.00 and set an “overweight” rating on the stock in a report on Wednesday, August 19th. BTIG Research restated a “buy” rating and issued a $85.00 price objective on shares of Regency Centers in a research note on Friday, June 12th. Weiss Ratings downgraded shares of Regency Centers from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, August 20th. Argus set a $85.00 target price on shares of Regency Centers in a research report on Monday, August 10th. Finally, UBS Group lifted their target price 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. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $83.82.

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.