Pasadena Private Wealth LLC Takes Position in Regency Centers Corporation $REG

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

Other hedge funds also recently added to or reduced their stakes in the company. Havemeyer Place LP purchased a new position in shares of Regency Centers during the 4th quarter valued at about $26,000. Brown Brothers Harriman & Co. boosted its stake in shares of Regency Centers by 63.1% in the third quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock worth $30,000 after buying an additional 157 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of Regency Centers in the second quarter worth about $31,000. Hantz Financial Services Inc. grew its holdings in Regency Centers by 388.9% during the fourth quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock worth $30,000 after acquiring an additional 350 shares during the period. Finally, Elevation Wealth Partners LLC grew its holdings in Regency Centers by 541.3% during the second quarter. Elevation Wealth Partners LLC now owns 481 shares of the company’s stock worth $38,000 after acquiring an additional 406 shares during the period. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

REG has been the subject of a number of analyst reports. LADENBURG THALM/SH SH boosted their price target on Regency Centers from $83.00 to $85.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Citigroup lifted their target price on shares of Regency Centers from $76.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft cut shares of Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 target price for the company. in a research note on Friday, May 29th. Argus set a $85.00 price target on shares of Regency Centers in a research report on Monday, August 10th. Finally, Raymond James Financial restated an “outperform” rating and set a $88.00 price target on shares of Regency Centers in a research report on Monday, June 29th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $83.82.

Regency Centers Stock Up 0.3%

Shares of REG opened at $76.40 on Thursday. 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 Corporation has a 12 month low of $66.86 and a 12 month high of $83.66. The stock’s 50 day moving average is $79.46 and its two-hundred day moving average is $78.13. The firm has a market cap of $13.99 billion, a P/E ratio of 25.90, a PEG ratio of 3.18 and a beta of 0.80.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.62. The business had revenue of $413.51 million during the quarter, compared to analysts’ expectations 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 business earned $1.16 earnings per share. Regency Centers has set its FY 2026 guidance at 4.840-4.880 EPS. Analysts predict that Regency Centers Corporation will post 4.86 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors 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 presently 102.37%.

Insider Buying and Selling

In other Regency Centers news, insider Terah L. Devereaux sold 1,240 shares of the company’s 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 completion of the transaction, the insider directly owned 17,990 shares in the company, valued at approximately $1,441,718.60. This represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.

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.