Regency Centers Corporation $REG Position Increased by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

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 raised its holdings in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 6.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,272,295 shares of the company's stock after purchasing an additional 139,801 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 1.25% of Regency Centers worth $167,604,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its stake in Regency Centers by 3.2% during the first quarter. Envestnet Asset Management Inc. now owns 120,960 shares of the company's stock valued at $8,922,000 after purchasing an additional 3,773 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Regency Centers by 14.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,322 shares of the company's stock valued at $2,210,000 after purchasing an additional 3,857 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Regency Centers by 7.1% during the first quarter. Janney Montgomery Scott LLC now owns 4,296 shares of the company's stock valued at $317,000 after purchasing an additional 283 shares during the last quarter. Teacher Retirement System of Texas increased its stake in Regency Centers by 46.2% during the first quarter. Teacher Retirement System of Texas now owns 29,633 shares of the company's stock valued at $2,186,000 after purchasing an additional 9,359 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in Regency Centers by 43.1% during the first quarter. Farther Finance Advisors LLC now owns 1,435 shares of the company's stock valued at $106,000 after purchasing an additional 432 shares during the last quarter. Institutional investors own 96.07% of the company's stock.

Regency Centers Price Performance

REG traded up $0.33 on Wednesday, reaching $70.71. The company had a trading volume of 149,158 shares, compared to its average volume of 1,101,437. The company has a fifty day moving average of $71.47 and a 200-day moving average of $71.61. The company has a market capitalization of $12.84 billion, a P/E ratio of 33.05, a PEG ratio of 3.07 and a beta of 1.09. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. Regency Centers Corporation has a one year low of $63.44 and a one year high of $78.18.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.04. Regency Centers had a net margin of 27.00% and a return on equity of 6.05%. The firm had revenue of $369.85 million during the quarter, compared to analyst estimates of $366.35 million. During the same quarter in the prior year, the firm posted $1.06 EPS. Regency Centers's revenue 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, equities research analysts anticipate that Regency Centers Corporation will post 4.54 earnings per share for the current year.

Regency Centers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be issued a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Thursday, September 11th. Regency Centers's dividend payout ratio is presently 131.78%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Evercore ISI increased their price objective on shares of Regency Centers from $76.00 to $77.00 and gave the stock an "in-line" rating in a report on Monday. Barclays increased their price objective on shares of Regency Centers from $77.00 to $79.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 27th. Wall Street Zen cut shares of Regency Centers from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. Robert W. Baird increased their price objective on shares of Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Finally, Mizuho increased their price objective on shares of Regency Centers from $74.00 to $77.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $78.42.

Regency Centers Company 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.