Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 282,813 Regency Centers Co. (NASDAQ:REG)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Regency Centers Co. (NASDAQ:REG - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 282,813 shares of the company's stock, valued at approximately $20,908,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.16% of Regency Centers at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Heck Capital Advisors LLC bought a new stake in Regency Centers during the 4th quarter valued at $26,000. National Pension Service purchased a new position in Regency Centers during the 4th quarter worth $27,000. TD Waterhouse Canada Inc. grew its stake in Regency Centers by 48,700.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock valued at $36,000 after purchasing an additional 487 shares during the last quarter. Canada Post Corp Registered Pension Plan purchased a new stake in Regency Centers during the 4th quarter valued at about $39,000. Finally, Ameriflex Group Inc. purchased a new stake in Regency Centers during the 4th quarter valued at about $53,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

Regency Centers Stock Performance

REG stock traded down $0.63 during midday trading on Friday, reaching $71.76. The company had a trading volume of 2,067,620 shares, compared to its average volume of 1,055,996. The company has a quick ratio of 0.95, a current ratio of 0.85 and a debt-to-equity ratio of 0.66. The stock has a 50 day moving average price of $71.52 and a 200 day moving average price of $72.71. Regency Centers Co. has a fifty-two week low of $60.00 and a fifty-two week high of $78.18. The firm has a market capitalization of $13.03 billion, a PE ratio of 33.85, a P/E/G ratio of 3.75 and a beta of 1.02.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.14 by $0.01. The firm had revenue of $370.35 million for the quarter, compared to analysts' expectations of $364.64 million. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. During the same quarter in the previous year, the company earned $1.08 earnings per share. Analysts anticipate that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 11th will be issued a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend is Wednesday, June 11th. Regency Centers's dividend payout ratio is currently 133.02%.

Insider Activity

In other news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $73.48, for a total transaction of $3,674,000.00. Following the sale, the chairman now directly owns 110,263 shares of the company's stock, valued at $8,102,125.24. This represents a 31.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of Regency Centers stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $72.44, for a total transaction of $301,205.52. Following the transaction, the insider now directly owns 33,069 shares in the company, valued at approximately $2,395,518.36. This represents a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

REG has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price target on Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Truist Financial upped their price target on Regency Centers from $78.00 to $79.00 and gave the company a "buy" rating in a research report on Monday, May 19th. Finally, Scotiabank lowered their price objective on Regency Centers from $76.00 to $75.00 and set a "sector perform" rating for the company in a research report on Monday, May 12th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $78.08.

Regency Centers Profile

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.