NEOS Investment Management LLC Acquires 7,028 Shares of Regency Centers Corporation $REG

NEOS Investment Management LLC boosted its holdings in Regency Centers Corporation (NASDAQ:REG) by 13.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 60,998 shares of the company’s stock after acquiring an additional 7,028 shares during the quarter. NEOS Investment Management LLC’s holdings in Regency Centers were worth $4,864,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Regency Centers during the 2nd quarter worth $1,597,868,000. Norges Bank acquired a new position in shares of Regency Centers in the 4th quarter valued at $1,183,667,000. State Street Corp lifted its stake in shares of 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 purchasing an additional 168,884 shares during the period. Principal Financial Group Inc. boosted its position in shares of Regency Centers by 10.3% in the 1st quarter. Principal Financial Group Inc. now owns 10,004,796 shares of the company’s stock worth $756,967,000 after purchasing an additional 931,272 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Regency Centers by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 4,915,089 shares of the company’s stock worth $338,110,000 after purchasing an additional 67,739 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on REG. Barclays upped their price objective on Regency Centers from $90.00 to $92.00 and gave the company an “overweight” rating in a report on Monday, August 17th. Evercore set a $83.00 target price on Regency Centers in a report on Thursday, July 30th. LADENBURG THALM/SH SH boosted their target price on Regency Centers from $83.00 to $85.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft cut Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 price target for the company. in a research note on Friday, May 29th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $88.00 price target on shares of Regency Centers in a research report on Monday, June 29th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $83.82.

Insider Activity at Regency Centers

In related news, insider Terah Devereaux sold 1,240 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $80.14, for a total value of $99,373.60. Following the completion of the transaction, the insider directly owned 17,990 shares in the company, valued at approximately $1,441,718.60. The trade was a 6.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Regency Centers Price Performance

Shares of REG stock opened at $75.26 on Monday. 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 Corporation has a 12-month low of $66.86 and a 12-month high of $83.66. The firm has a fifty day moving average of $78.72 and a 200-day moving average of $78.21. The firm has a market capitalization of $13.78 billion, a price-to-earnings ratio of 25.51, a price-to-earnings-growth ratio of 4.47 and a beta of 0.79.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $1.21 EPS for the quarter, topping the consensus estimate of $0.59 by $0.62. The business had revenue of $413.51 million for the quarter, compared to the consensus estimate of $411.07 million. Regency Centers had a return on equity of 8.04% and a net margin of 34.38%.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, equities research analysts forecast that Regency Centers Corporation will post 4.86 earnings per share for the current year.

Regency Centers Dividend Announcement

The firm 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 dividend yield of 4.0%. The ex-dividend date is Friday, September 11th. Regency Centers’s dividend payout ratio is 102.37%.

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.