Westpac Banking Corp Takes $4.41 Million Position in Regency Centers Corporation $REG

Westpac Banking Corp acquired a new stake in shares of Regency Centers Corporation (NASDAQ:REG) during the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 55,289 shares of the company’s stock, valued at approximately $4,409,000.

Other large investors also recently bought and sold shares of the company. Havemeyer Place LP purchased a new stake in Regency Centers during the fourth quarter worth $26,000. Hantz Financial Services Inc. lifted its stake in shares of Regency Centers by 388.9% during the 4th quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock worth $30,000 after purchasing an additional 350 shares during the last quarter. Brown Brothers Harriman & Co. boosted its position in 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 purchasing an additional 157 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in Regency Centers during the second quarter valued at about $31,000. Finally, MUFG Securities EMEA plc purchased a new position in Regency Centers in the second quarter valued at about $34,000. Institutional investors own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on REG shares. Barclays boosted their target price on shares of Regency Centers from $90.00 to $92.00 and gave the stock an “overweight” rating in a report on Monday. Evercore set a $83.00 price objective on shares of Regency Centers in a research report on Thursday, July 30th. Wells Fargo & Company reduced their price objective on shares of Regency Centers from $90.00 to $88.00 and set an “overweight” rating for the company in a research note on Wednesday. UBS Group increased their target price on shares of Regency Centers from $81.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Finally, Raymond James Financial restated an “outperform” rating and issued a $88.00 target price on shares of Regency Centers in a research note on Monday, June 29th. Two research 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 a consensus rating of “Moderate Buy” and a consensus price target of $83.82.

Regency Centers Trading Down 0.6%

Shares of NASDAQ:REG opened at $76.06 on Friday. The business’s 50-day moving average is $79.29 and its 200 day moving average is $78.14. 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 1 year low of $66.86 and a 1 year high of $83.66. The firm 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.

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 return on equity of 8.04% and a net margin of 34.38%.The business had revenue of $413.51 million for the quarter, compared to analyst estimates of $411.07 million. During the same quarter in the previous year, the firm earned $1.16 earnings per share. Regency Centers has set its FY 2026 guidance at 4.840-4.880 EPS. On average, research analysts predict that Regency Centers Corporation will post 4.86 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be paid a $0.755 dividend. The ex-dividend date is Friday, September 11th. This represents a $3.02 dividend on an annualized basis and a yield of 4.0%. Regency Centers’s dividend payout ratio (DPR) is 102.37%.

Insiders Place Their Bets

In other Regency Centers news, insider Terah L. Devereaux sold 1,240 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $80.14, for a total transaction of $99,373.60. Following the sale, the insider owned 17,990 shares of the company’s stock, valued at approximately $1,441,718.60. The trade was a 6.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.00% of the company’s stock.

About Regency Centers

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.