Plato Investment Management Ltd Takes $685,000 Position in Regency Centers Corporation $REG

Plato Investment Management Ltd purchased a new position in shares of Regency Centers Corporation (NASDAQ:REG) in the 2nd quarter, Holdings Channel reports. The fund purchased 8,635 shares of the company’s stock, valued at approximately $685,000.

A number of other large investors have also modified their holdings of the company. Norges Bank bought a new stake in Regency Centers in the 4th quarter valued at about $1,183,667,000. Bank of New York Mellon Corp bought a new position in Regency Centers in the 2nd quarter worth about $106,858,000. Principal Financial Group Inc. grew its position in 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. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Regency Centers in the fourth quarter valued at approximately $56,480,000. Finally, Goldman Sachs Group Inc. increased its stake in shares of Regency Centers by 75.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,806,165 shares of the company’s stock valued at $124,680,000 after purchasing an additional 775,609 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Regency Centers Stock Down 0.2%

REG stock opened at $76.19 on Wednesday. Regency Centers Corporation has a 52 week low of $66.86 and a 52 week high of $83.66. The company has a market capitalization of $13.95 billion, a price-to-earnings ratio of 25.83, a price-to-earnings-growth ratio of 3.20 and a beta of 0.80. The firm’s 50-day moving average is $79.54 and its two-hundred day moving average is $78.10. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.71.

Regency Centers (NASDAQ:REG) last issued its quarterly 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. The company had revenue of $413.51 million during the quarter, compared to analyst estimates of $411.07 million. Regency Centers had a net margin of 34.38% and a return on equity of 8.04%. During the same period in the prior year, the business posted $1.16 EPS. Regency Centers has set its FY 2026 guidance at 4.840-4.880 EPS. On average, analysts forecast that Regency Centers Corporation will post 4.86 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be given a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Friday, September 11th. Regency Centers’s dividend payout ratio is 102.37%.

Analysts Set New Price Targets

REG has been the topic of a number of recent analyst reports. Barclays lifted their price target on Regency Centers from $90.00 to $92.00 and gave the company an “overweight” rating in a report on Monday. Evercore set a $83.00 target price on Regency Centers in a research report on Thursday, July 30th. Argus set a $85.00 target price on Regency Centers in a research note on Monday, August 10th. BTIG Research reiterated a “buy” rating and set a $85.00 price target on shares of Regency Centers in a research report on Friday, June 12th. Finally, Morgan Stanley boosted their price target on Regency Centers from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Two research 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 stock. Based on data from MarketBeat.com, Regency Centers presently has a consensus rating of “Moderate Buy” and an average price target of $83.94.

Insiders Place Their Bets

In other Regency Centers 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 completion of the transaction, the insider directly owned 17,990 shares of the company’s stock, valued at approximately $1,441,718.60. This trade represents a 6.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is owned by company insiders.

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.