Westpac Banking Corp Takes Position in Regency Centers Corporation $REG

Westpac Banking Corp bought a new position in Regency Centers Corporation (NASDAQ:REG) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 55,289 shares of the company’s stock, valued at approximately $4,409,000.

A number of other large investors have also recently made changes to their positions in REG. Havemeyer Place LP purchased a new stake in Regency Centers in the 4th quarter worth about $26,000. Hantz Financial Services Inc. boosted its position in shares of Regency Centers by 388.9% during the fourth quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock valued at $30,000 after buying an additional 350 shares during the period. Brown Brothers Harriman & Co. boosted its position in shares of Regency Centers by 63.1% during the third quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock valued at $30,000 after buying an additional 157 shares during the period. CYBER HORNET ETFs LLC bought a new position in shares of Regency Centers during the second quarter valued at approximately $31,000. Finally, MUFG Securities EMEA plc bought a new position in shares of Regency Centers during the second quarter valued at approximately $34,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Regency Centers Price Performance

Shares of REG stock opened at $76.06 on Friday. The company has a market capitalization of $13.93 billion, a P/E ratio of 25.78, a P/E/G ratio of 3.20 and a beta of 0.80. The company’s 50-day simple moving average is $79.29 and its two-hundred day simple moving average is $78.14. Regency Centers Corporation has a one year low of $66.86 and a one year high of $83.66. 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 (NASDAQ:REG) last announced its quarterly 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 firm had revenue of $413.51 million during the quarter, compared to analyst estimates 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, equities analysts anticipate that Regency Centers Corporation will post 4.86 EPS for the current 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 issued 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 is currently 102.37%.

Insider Activity

In other 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 transaction, 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 Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on REG. Jefferies Financial Group upgraded Regency Centers to a “strong-buy” rating in a report on Friday, June 26th. Citigroup boosted their price objective on 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 downgraded Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 price objective on the stock. in a research report on Friday, May 29th. BTIG Research reiterated a “buy” rating and issued a $85.00 target price on shares of Regency Centers in a research note on Friday, June 12th. Finally, UBS Group lifted 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 research 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 company presently has a consensus 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.