Pacific Heights Asset Management LLC Buys Shares of 300,000 Regency Centers Corporation $REG

Pacific Heights Asset Management LLC bought a new position in Regency Centers Corporation (NASDAQ:REG) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 300,000 shares of the company’s stock, valued at approximately $23,922,000.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Regency Centers in the 2nd quarter valued at $1,597,868,000. Norges Bank bought a new stake in Regency Centers in the fourth quarter worth $1,183,667,000. State Street Corp increased its position in Regency Centers by 1.4% during the fourth quarter. State Street Corp now owns 12,572,876 shares of the company’s stock worth $877,261,000 after buying an additional 168,884 shares during the last quarter. Principal Financial Group Inc. increased its position in Regency Centers by 10.3% during the first quarter. Principal Financial Group Inc. now owns 10,004,796 shares of the company’s stock worth $756,967,000 after buying an additional 931,272 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in 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 buying an additional 67,739 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Regency Centers Trading Down 1.2%

Regency Centers stock opened at $75.46 on Friday. Regency Centers Corporation has a 52 week low of $66.86 and a 52 week high of $83.66. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market capitalization of $13.82 billion, a PE ratio of 25.58, a PEG ratio of 3.19 and a beta of 0.80. The business’s 50-day simple moving average is $79.15 and its 200-day simple moving average is $78.24.

Regency Centers (NASDAQ:REG) last announced its earnings results on Wednesday, July 29th. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.62. Regency Centers had a return on equity of 8.04% and a net margin of 34.38%.The firm had revenue of $413.51 million during the quarter, compared to the consensus estimate of $411.07 million. During the same quarter in the prior year, the company earned $1.16 EPS. Regency Centers has set its FY 2026 guidance at 4.840-4.880 EPS. Equities research analysts forecast that Regency Centers Corporation will post 4.86 earnings per share for the current year.

Regency Centers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be paid 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 (DPR) is presently 102.37%.

Insiders Place Their Bets

In related news, insider Terah L. Devereaux sold 1,240 shares of Regency Centers stock in a transaction dated Friday, June 12th. The stock was 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 $1,441,718.60. This trade represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on REG. Wells Fargo & Company reduced their price target on Regency Centers from $90.00 to $88.00 and set an “overweight” rating for the company in a research report on Wednesday, August 19th. LADENBURG THALM/SH SH increased their price objective on Regency Centers from $83.00 to $85.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft downgraded Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 price objective on the stock. in a research note on Friday, May 29th. BTIG Research reaffirmed a “buy” rating and set a $85.00 target price on shares of Regency Centers in a research report on Friday, June 12th. Finally, UBS Group upped their target price on Regency Centers from $81.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.