UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $167.60 Million Stock Position in Regency Centers Corporation $REG

Key Points

• UBS Asset Management increased its stake in Regency Centers Corporation by 6.6%, owning 2,272,295 shares valued at approximately $167.60 million as of the latest quarter.
• The company's stock reported earnings of $1.16 per share, surpassing expectations, with revenue up 6.6% year-over-year at $369.85 million.
• Regency Centers announced a quarterly dividend of $0.705 per share, yielding 3.9%, with a current dividend payout ratio of 131.78%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 6.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,272,295 shares of the company's stock after buying an additional 139,801 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 1.25% of Regency Centers worth $167,604,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wayfinding Financial LLC acquired a new position in Regency Centers during the 1st quarter worth about $25,000. Heck Capital Advisors LLC acquired a new position in Regency Centers during the 4th quarter valued at about $26,000. Caitong International Asset Management Co. Ltd lifted its position in Regency Centers by 42.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 505 shares of the company's stock valued at $37,000 after purchasing an additional 150 shares during the period. GKV Capital Management Co. Inc. acquired a new position in Regency Centers during the 1st quarter valued at about $40,000. Finally, Sentry Investment Management LLC acquired a new position in Regency Centers during the 1st quarter valued at about $38,000. Institutional investors and hedge funds own 96.07% of the company's stock.

Regency Centers Stock Performance

Shares of NASDAQ:REG opened at $72.24 on Friday. The company has a market capitalization of $13.12 billion, a price-to-earnings ratio of 33.76, a P/E/G ratio of 3.12 and a beta of 1.09. The firm's 50 day simple moving average is $71.42 and its 200 day simple moving average is $71.73. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.13 and a quick ratio of 1.13. Regency Centers Corporation has a fifty-two week low of $63.44 and a fifty-two week high of $78.18.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.12 by $0.04. Regency Centers had a return on equity of 6.05% and a net margin of 27.00%.The business had revenue of $369.85 million during the quarter, compared to analysts' expectations of $366.35 million. During the same period in the prior year, the business earned $1.06 EPS. Regency Centers's revenue for the quarter was up 6.6% compared to the same quarter last year. Regency Centers has set its FY 2025 guidance at 4.590-4.630 EPS. As a group, sell-side analysts forecast that Regency Centers Corporation will post 4.54 earnings per share for the current year.

Regency Centers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be paid a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Thursday, September 11th. Regency Centers's dividend payout ratio is presently 131.78%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Scotiabank upped their target price on shares of Regency Centers from $75.00 to $76.00 and gave the company a "sector perform" rating in a research report on Thursday, August 28th. Truist Financial upped their target price on shares of Regency Centers from $79.00 to $81.00 and gave the company a "buy" rating in a research report on Friday, August 15th. Wall Street Zen downgraded shares of Regency Centers from a "hold" rating to a "sell" rating in a research report on Saturday, July 5th. Barclays upped their target price on shares of Regency Centers from $77.00 to $79.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 27th. Finally, LADENBURG THALM/SH SH assumed coverage on shares of Regency Centers in a research report on Tuesday. They set a "neutral" rating and a $76.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $78.67.

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.

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