Regency Centers Co. (NASDAQ:REG) Shares Bought 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 lifted its position in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,132,494 shares of the company's stock after acquiring an additional 56,741 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 1.17% of Regency Centers worth $157,655,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Sanctuary Advisors LLC lifted its stake in Regency Centers by 104.1% in the 4th quarter. Sanctuary Advisors LLC now owns 20,038 shares of the company's stock valued at $1,442,000 after buying an additional 10,221 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Regency Centers during the 4th quarter worth $1,499,000. Pacer Advisors Inc. lifted its stake in shares of Regency Centers by 196.1% during the 4th quarter. Pacer Advisors Inc. now owns 36,245 shares of the company's stock worth $2,680,000 after purchasing an additional 24,003 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Regency Centers by 4.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company's stock worth $801,056,000 after purchasing an additional 435,932 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Regency Centers during the 4th quarter worth $11,925,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

Regency Centers Price Performance

NASDAQ:REG opened at $71.08 on Friday. The firm has a market cap of $12.90 billion, a PE ratio of 33.53, a price-to-earnings-growth ratio of 3.75 and a beta of 1.02. Regency Centers Co. has a 12 month low of $58.19 and a 12 month high of $78.18. 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 company's 50-day moving average price is $71.55 and its two-hundred day moving average price is $72.79.

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

Regency Centers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 11th will be issued a $0.705 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $2.82 annualized dividend and a yield of 3.97%. Regency Centers's dividend payout ratio is currently 133.02%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on REG. Scotiabank dropped their price objective on Regency Centers from $76.00 to $75.00 and set a "sector perform" rating for the company in a report on Monday, May 12th. Truist Financial upped their price objective on Regency Centers from $78.00 to $79.00 and gave the stock a "buy" rating in a report on Monday. Finally, Wells Fargo & Company lowered 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. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Regency Centers has a consensus rating of "Moderate Buy" and a consensus target price of $78.08.

Insider Buying and Selling at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $73.48, for a total value of $3,674,000.00. Following the completion of the transaction, the chairman now owns 110,263 shares of the company's stock, valued at approximately $8,102,125.24. This trade 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 accessible through this hyperlink. Insiders own 1.00% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.