Regency Centers Co. (NASDAQ:REG) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Regency Centers Co. (NASDAQ:REG) by 1,138.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,075,753 shares of the company’s stock after buying an additional 1,908,153 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.14% of Regency Centers worth $149,932,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of REG. Quest Partners LLC raised its holdings in shares of Regency Centers by 25,250.0% during the second quarter. Quest Partners LLC now owns 507 shares of the company’s stock valued at $32,000 after acquiring an additional 505 shares during the last quarter. Family Firm Inc. acquired a new position in Regency Centers in the 2nd quarter valued at $44,000. Blue Trust Inc. lifted its holdings in Regency Centers by 582.1% in the 2nd quarter. Blue Trust Inc. now owns 839 shares of the company’s stock valued at $51,000 after purchasing an additional 716 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Regency Centers by 300.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 800 shares of the company’s stock valued at $58,000 after purchasing an additional 600 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Regency Centers during the 2nd quarter worth $60,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on REG shares. Scotiabank raised their price target on shares of Regency Centers from $65.00 to $75.00 and gave the stock a “sector perform” rating in a research note on Monday, August 26th. Truist Financial raised their target price on shares of Regency Centers from $70.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. BTIG Research increased their price target on Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a report on Wednesday. Mizuho boosted their price objective on Regency Centers from $67.00 to $73.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Finally, JPMorgan Chase & Co. upped their target price on Regency Centers from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $77.08.

Regency Centers Stock Down 0.4 %

Shares of NASDAQ:REG opened at $75.59 on Friday. The business has a 50-day moving average price of $72.58 and a 200 day moving average price of $68.31. Regency Centers Co. has a 12-month low of $56.51 and a 12-month high of $76.53. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $13.72 billion, a price-to-earnings ratio of 35.49, a PEG ratio of 4.18 and a beta of 1.21.

Regency Centers (NASDAQ:REG) last released its quarterly earnings results on Monday, October 28th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.50). The company had revenue of $360.27 million during the quarter, compared to analysts’ expectations of $355.17 million. Regency Centers had a net margin of 27.78% and a return on equity of 5.85%. During the same period last year, the firm posted $1.02 earnings per share. Sell-side analysts expect that Regency Centers Co. will post 4.28 EPS for the current year.

Regency Centers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 16th will be issued a $0.705 dividend. This represents a $2.82 annualized dividend and a dividend yield of 3.73%. The ex-dividend date is Monday, December 16th. This is an increase from Regency Centers’s previous quarterly dividend of $0.67. Regency Centers’s payout ratio is currently 125.82%.

About Regency Centers

Regency Centers is a preeminent national owner, operator, and developer of shopping centers located in suburban trade areas with compelling demographics. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers.