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

Man Group plc purchased a new position in shares of Regency Centers Corporation (NASDAQ:REG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,484 shares of the company’s stock, valued at approximately $597,000.

A number of other institutional investors and hedge funds have also modified their holdings of REG. Inspire Investing LLC raised its holdings in Regency Centers by 0.6% during the first quarter. Inspire Investing LLC now owns 22,480 shares of the company’s stock worth $1,701,000 after purchasing an additional 141 shares during the last quarter. Tema ETFs LLC increased its position in shares of Regency Centers by 7.1% in the second quarter. Tema ETFs LLC now owns 2,184 shares of the company’s stock valued at $174,000 after buying an additional 145 shares in the last quarter. Norinchukin Bank The increased its position in shares of Regency Centers by 0.8% in the third quarter. Norinchukin Bank The now owns 17,730 shares of the company’s stock valued at $1,293,000 after buying an additional 147 shares in the last quarter. Brown Brothers Harriman & Co. raised its stake in shares of Regency Centers by 63.1% during the 3rd 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. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Regency Centers by 12.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,437 shares of the company’s stock worth $102,000 after buying an additional 162 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Regency Centers Stock Up 0.1%

Shares of NASDAQ REG opened at $75.92 on Friday. Regency Centers Corporation has a 1 year low of $66.86 and a 1 year high of $83.66. The firm’s 50 day moving average price is $78.85 and its 200 day moving average price is $78.22. The firm has a market cap of $13.90 billion, a P/E ratio of 25.74, a price-to-earnings-growth ratio of 4.50 and a beta of 0.79. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.25 and a current ratio of 1.25.

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 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 quarter in the prior year, the company posted $1.16 EPS. Regency Centers has set its FY 2026 guidance at 4.840-4.880 EPS. As a group, sell-side analysts anticipate that Regency Centers Corporation will post 4.86 earnings per share for the current year.

Regency Centers Announces Dividend

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

Insider Activity

In related news, insider Terah Devereaux sold 1,240 shares of the stock in a transaction that occurred 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 sale, the insider owned 17,990 shares of the company’s stock, valued at approximately $1,441,718.60. This represents a 6.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Argus set a $85.00 price objective on shares of Regency Centers in a research note on Monday, August 10th. Evercore set a $83.00 price target on shares of Regency Centers in a report on Thursday, July 30th. 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 research report on Wednesday, August 19th. UBS Group lifted their price objective on Regency Centers from $81.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Finally, LADENBURG THALM/SH SH increased their target price on Regency Centers from $83.00 to $85.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently 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.