Sanctuary Advisors LLC Takes Position in Regency Centers Corporation $REG

Sanctuary Advisors LLC purchased a new position in shares of Regency Centers Corporation (NASDAQ:REG) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 11,777 shares of the company’s stock, valued at approximately $939,000.

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

Regency Centers Price Performance

Shares of NASDAQ:REG opened at $75.46 on Friday. The business’s 50 day simple moving average is $79.15 and its 200-day simple moving average is $78.24. The firm has a market capitalization of $13.82 billion, a price-to-earnings ratio of 25.58, a price-to-earnings-growth ratio of 3.19 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 Corporation has a 12 month low of $66.86 and a 12 month high of $83.66.

Regency Centers (NASDAQ:REG) last released 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. 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 period last year, the business posted $1.16 EPS. Regency Centers has set its FY 2026 guidance at 4.840-4.880 EPS. As a group, equities analysts forecast that Regency Centers Corporation will post 4.86 earnings per share for the current fiscal 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 given a $0.755 dividend. 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 (DPR) is currently 102.37%.

Insider Activity

In other news, insider Terah L. Devereaux sold 1,240 shares of Regency Centers 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 completion of the transaction, the insider owned 17,990 shares of the company’s stock, valued at $1,441,718.60. The trade was a 6.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

REG has been the topic of a number of analyst reports. BTIG Research restated a “buy” rating and issued a $85.00 price target on shares of Regency Centers in a research note on Friday, June 12th. Citigroup raised their target price on Regency Centers from $76.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. UBS Group boosted their target price on shares of Regency Centers from $81.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Raymond James Financial reaffirmed an “outperform” rating and set a $88.00 price target on shares of Regency Centers in a research note on Monday, June 29th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 price target for the company. in a report on Friday, May 29th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.