The Manufacturers Life Insurance Company Makes New Investment in Regency Centers Corporation $REG

The Manufacturers Life Insurance Company purchased a new stake in Regency Centers Corporation (NASDAQ:REG) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 132,389 shares of the company’s stock, valued at approximately $10,557,000.

Several other large investors also recently made changes to their positions in REG. Cetera Trust Company N.A acquired a new stake in shares of Regency Centers during the second quarter worth $275,000. Algert Global LLC acquired a new position in Regency Centers in the 2nd quarter worth $6,743,000. Cibc World Market Inc. acquired a new position in Regency Centers in the 2nd quarter worth $3,463,000. OMERS ADMINISTRATION Corp bought a new position in Regency Centers during the 2nd quarter worth about $733,000. Finally, Sanctuary Advisors LLC bought a new position in Regency Centers during the 2nd quarter worth about $939,000. Institutional investors own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

REG has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft cut Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 price objective for the company. in a research report on Friday, May 29th. Evercore set a $83.00 target price on Regency Centers in a research report on Thursday, July 30th. Weiss Ratings cut Regency Centers from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, August 20th. BTIG Research reaffirmed a “buy” rating and set a $85.00 price target on shares of Regency Centers in a research report on Friday, June 12th. Finally, Jefferies Financial Group raised shares of Regency Centers to a “strong-buy” rating in a research note on Friday, June 26th. Two 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 company’s stock. According to data from MarketBeat, Regency Centers presently has an average rating of “Moderate Buy” and an average target price of $83.82.

Regency Centers Price Performance

Shares of NASDAQ REG opened at $75.52 on Friday. The stock has a market capitalization of $13.83 billion, a price-to-earnings ratio of 25.60, a PEG ratio of 3.15 and a beta of 0.80. The business has a 50-day moving average of $79.12 and a 200-day moving average of $78.22. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 1.25. Regency Centers Corporation has a fifty-two week low of $66.86 and a fifty-two week high of $83.66.

Regency Centers (NASDAQ:REG) last released its earnings results on Wednesday, July 29th. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.62. Regency Centers had a return on equity of 8.04% and a net margin of 34.38%.The business had revenue of $413.51 million for the quarter, compared to the consensus estimate of $411.07 million. During the same quarter 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. As a group, sell-side 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 disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be paid a dividend of $0.755 per share. The ex-dividend date is Friday, September 11th. This represents a $3.02 dividend on an annualized basis and a dividend yield of 4.0%. Regency Centers’s dividend payout ratio is currently 102.37%.

Insider Activity

In other news, insider Terah L. Devereaux sold 1,240 shares of the 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 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 filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

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.