Man Group plc Buys New Position in Regency Centers Corporation $REG

Man Group plc bought a new position in shares of Regency Centers Corporation (NASDAQ:REG) during the second quarter, HoldingsChannel reports. The institutional investor bought 7,484 shares of the company’s stock, valued at approximately $597,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in Regency Centers during the 2nd quarter valued at $1,597,868,000. Norges Bank purchased a new position in Regency Centers in the 4th quarter valued at about $1,183,667,000. State Street Corp boosted its position in Regency Centers by 1.4% in the 4th quarter. State Street Corp now owns 12,572,876 shares of the company’s stock valued at $877,261,000 after buying an additional 168,884 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Regency Centers by 10.3% during the first quarter. Principal Financial Group Inc. now owns 10,004,796 shares of the company’s stock valued at $756,967,000 after acquiring an additional 931,272 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Regency Centers by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 4,915,089 shares of the company’s stock valued at $338,110,000 after acquiring an additional 67,739 shares in the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Regency Centers Stock Up 0.1%

Shares of Regency Centers stock opened at $75.92 on Friday. The business has a 50-day moving average price of $78.85 and a 200 day moving average price of $78.22. Regency Centers Corporation has a fifty-two week low of $66.86 and a fifty-two week high of $83.66. The firm has a market cap of $13.90 billion, a P/E ratio of 25.74, a P/E/G ratio of 4.50 and a beta of 0.79. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.71.

Regency Centers (NASDAQ:REG) last released its earnings results on Wednesday, July 29th. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.62. Regency Centers had a return on equity of 8.04% and a net margin of 34.38%.The company had revenue of $413.51 million for the quarter, compared to the consensus estimate of $411.07 million. During the same quarter last year, the business posted $1.16 EPS. Regency Centers has set its FY 2026 guidance at 4.840-4.880 EPS. On average, sell-side analysts forecast 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. Shareholders of record on Friday, September 11th will be paid a dividend of $0.755 per share. The ex-dividend date is Friday, September 11th. This represents a $3.02 annualized dividend and a yield of 4.0%. Regency Centers’s payout ratio is presently 102.37%.

Insider Buying and Selling at Regency Centers

In other Regency Centers news, insider Terah Devereaux sold 1,240 shares of the stock in a transaction on Friday, June 12th. The shares were 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

REG has been the topic of several recent analyst reports. Wells Fargo & Company cut their price target on Regency Centers from $90.00 to $88.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 19th. Jefferies Financial Group upgraded Regency Centers to a “strong-buy” rating in a research note on Friday, June 26th. BTIG Research restated a “buy” rating and set a $85.00 price objective on shares of Regency Centers in a report on Friday, June 12th. UBS Group upped their target price on Regency Centers from $81.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Finally, Weiss Ratings cut Regency Centers from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.82.

About Regency Centers

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.