Legal & General Group Plc Makes New $109.39 Million Investment in Regency Centers Corporation $REG

Legal & General Group Plc bought a new position in shares of Regency Centers Corporation (NASDAQ:REG) in the second quarter, Holdings Channel reports. The fund bought 1,371,887 shares of the company’s stock, valued at approximately $109,394,000.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Regency Centers in the second quarter valued at about $1,597,868,000. Norges Bank acquired a new stake in Regency Centers in the 4th quarter worth about $1,183,667,000. State Street Corp boosted its holdings in Regency Centers by 1.4% in the 4th quarter. State Street Corp now owns 12,572,876 shares of the company’s stock valued at $877,261,000 after purchasing an additional 168,884 shares during the period. Principal Financial Group Inc. boosted its holdings in 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 purchasing an additional 931,272 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Regency Centers by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 4,915,089 shares of the company’s stock worth $338,110,000 after purchasing an additional 67,739 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Regency Centers Price Performance

REG stock opened at $75.46 on Friday. The company’s 50-day moving average price is $79.15 and its two-hundred day moving average price is $78.24. The firm has a market cap of $13.82 billion, a P/E ratio of 25.58, a P/E/G ratio of 3.19 and a beta of 0.80. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.71. Regency Centers Corporation has a 12 month low of $66.86 and a 12 month high of $83.66.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.62. Regency Centers had a net margin of 34.38% and a return on equity of 8.04%. The company 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 posted $1.16 EPS. Regency Centers has set its FY 2026 guidance at 4.840-4.880 EPS. On average, analysts anticipate that Regency Centers Corporation will post 4.86 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

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

Insiders Place Their Bets

In other Regency Centers news, insider Terah L. Devereaux sold 1,240 shares of the company’s 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 sale, the insider directly owned 17,990 shares in the company, valued at $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 is available at the SEC website. 1.00% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently commented on REG shares. Wells Fargo & Company lowered their target price on shares of Regency Centers from $90.00 to $88.00 and set an “overweight” rating on the stock in a report on Wednesday, August 19th. Citigroup boosted 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. Barclays increased their price target on Regency Centers from $90.00 to $92.00 and gave the stock an “overweight” rating in a research report on Monday, August 17th. Weiss Ratings lowered Regency Centers from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, August 20th. Finally, Jefferies Financial Group raised Regency Centers to a “strong-buy” rating in a report on Friday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Regency Centers has a consensus rating of “Moderate Buy” and an average price target 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.