Northwestern Mutual Wealth Management Co. Takes $664,000 Position in Regency Centers Corporation $REG

Northwestern Mutual Wealth Management Co. acquired a new position in Regency Centers Corporation (NASDAQ:REG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,323 shares of the company’s stock, valued at approximately $664,000.

Several other large investors have also added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in Regency Centers during the 2nd quarter worth about $1,597,868,000. Norges Bank bought a new position in shares of Regency Centers in the 4th quarter valued at about $1,183,667,000. Deutsche Bank AG bought a new position in shares of Regency Centers in the 2nd quarter valued at about $170,282,000. Bank of New York Mellon Corp acquired a new stake in shares of Regency Centers in the second quarter valued at about $106,858,000. Finally, Principal Financial Group Inc. increased its position in shares of Regency Centers by 10.3% in the first quarter. Principal Financial Group Inc. now owns 10,004,796 shares of the company’s stock valued at $756,967,000 after acquiring an additional 931,272 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Regency Centers Trading Down 0.4%

REG stock opened at $76.38 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 1.25. The company has a fifty day moving average price of $79.18 and a two-hundred day moving average price of $78.24. Regency Centers Corporation has a one year low of $66.86 and a one year high of $83.66. The stock has a market cap of $13.99 billion, a price-to-earnings ratio of 25.89, a price-to-earnings-growth ratio of 3.21 and a beta of 0.80.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings data 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. The company had revenue of $413.51 million for the quarter, compared to analyst estimates of $411.07 million. Regency Centers had a net margin of 34.38% and a return on equity of 8.04%. During the same period 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. Equities analysts anticipate that Regency Centers Corporation will post 4.86 EPS 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 payout ratio is currently 102.37%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on REG. UBS Group raised their price target on Regency Centers from $81.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Barclays increased their price objective on Regency Centers from $90.00 to $92.00 and gave the company an “overweight” rating in a report on Monday, August 17th. BTIG Research restated a “buy” rating and set a $85.00 target price on shares of Regency Centers in a report on Friday, June 12th. Wells Fargo & Company dropped 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. Finally, Citigroup increased their price target on shares of Regency Centers from $76.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Two 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $83.82.

Insider Activity at Regency Centers

In other news, insider Terah L. Devereaux sold 1,240 shares of the company’s 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.00% of the company’s stock.

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.