22,159 Shares in Regency Centers Corporation $REG Purchased by Bank of Nova Scotia

Bank of Nova Scotia acquired a new position in shares of Regency Centers Corporation (NASDAQ:REG) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 22,159 shares of the company’s stock, valued at approximately $1,767,000.

A number of other large investors also recently added to or reduced their stakes in REG. Havemeyer Place LP bought a new position in shares of Regency Centers in the 4th quarter valued at about $26,000. Hantz Financial Services Inc. raised its stake 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 worth $30,000 after buying an additional 350 shares during the last quarter. Brown Brothers Harriman & Co. raised its stake 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 worth $30,000 after buying an additional 157 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in Regency Centers in the second quarter valued at approximately $31,000. Finally, MUFG Securities EMEA plc acquired a new position in Regency Centers in the second quarter valued at approximately $34,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Regency Centers

In related 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 value of $99,373.60. Following the completion of the sale, the insider owned 17,990 shares in the company, valued at $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 is available at this link. 1.00% of the stock is currently owned by corporate insiders.

Regency Centers Stock Down 0.4%

Regency Centers stock opened at $76.38 on Thursday. The company’s 50 day simple moving average is $79.18 and its 200 day simple moving average is $78.24. Regency Centers Corporation has a fifty-two week low of $66.86 and a fifty-two week high of $83.66. The firm has a market capitalization of $13.99 billion, a price-to-earnings ratio of 25.89, a PEG ratio of 3.21 and a beta of 0.80. 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 issued its earnings results on Wednesday, July 29th. The company reported $1.21 EPS for the quarter, beating the consensus estimate of $0.59 by $0.62. Regency Centers had a net margin of 34.38% and a return on equity of 8.04%. 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 firm 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 anticipate that Regency Centers Corporation will post 4.86 EPS for the current year.

Regency Centers Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft cut shares of 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. Citigroup increased their price target on Regency Centers from $76.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Argus set a $85.00 price target on Regency Centers in a research report on Monday, August 10th. Wells Fargo & Company decreased their price objective on Regency Centers from $90.00 to $88.00 and set an “overweight” rating for the company in a research note on Wednesday, August 19th. Finally, UBS Group upped their price objective on Regency Centers from $81.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, Regency Centers has a consensus rating of “Moderate Buy” and a consensus target price of $83.82.

Regency Centers 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.