UBS Group AG Sells 176,235 Shares of Regency Centers Corporation $REG

Key Points

• UBS Group AG cut its stake in Regency Centers by 13.2%, selling 176,235 shares in Q4 and now holds 1,160,980 shares (about 0.63% of the company) valued at roughly $80.1 million.
• Chairman Martin E. Stein Jr. sold 129,490 shares on March 10 for about $10.14 million, a 39.8% reduction in his position, and insiders have sold 177,490 shares over the past 90 days (insiders own ~1% of the stock).
• Regency Centers recently paid a quarterly dividend of $0.755 (annualized $3.02), yielding about 3.8% with a dividend payout ratio of 104.14%.

UBS Group AG reduced its position in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 13.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,160,980 shares of the company's stock after selling 176,235 shares during the period. UBS Group AG owned about 0.63% of Regency Centers worth $80,142,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wolverine Asset Management LLC bought a new stake in Regency Centers during the 3rd quarter worth approximately $1,083,000. Centersquare Investment Management LLC raised its stake in shares of Regency Centers by 5.7% during the third quarter. Centersquare Investment Management LLC now owns 351,963 shares of the company's stock valued at $25,658,000 after acquiring an additional 18,997 shares during the last quarter. Pensionfund Sabic acquired a new position in shares of Regency Centers during the fourth quarter worth $1,339,000. Azzad Asset Management Inc. ADV lifted its holdings in shares of Regency Centers by 68.6% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 53,562 shares of the company's stock worth $3,697,000 after purchasing an additional 21,799 shares during the period. Finally, Pacific Heights Asset Management LLC grew its stake in shares of Regency Centers by 50.0% in the third quarter. Pacific Heights Asset Management LLC now owns 225,000 shares of the company's stock worth $16,402,000 after purchasing an additional 75,000 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Insider Activity

In other news, Chairman Martin E. Stein, Jr. sold 129,490 shares of the business's stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $78.33, for a total value of $10,142,951.70. Following the transaction, the chairman directly owned 195,892 shares of the company's stock, valued at $15,344,220.36. The trade was a 39.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders sold 177,490 shares of company stock valued at $13,839,932. 1.00% of the stock is owned by insiders.

Regency Centers Price Performance

REG stock opened at $78.65 on Monday. The firm has a market cap of $14.40 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 3.38 and a beta of 0.82. The company has a quick ratio of 1.05, a current ratio of 2.06 and a debt-to-equity ratio of 0.72. Regency Centers Corporation has a 12-month low of $66.86 and a 12-month high of $81.66. The company's fifty day simple moving average is $77.84 and its 200 day simple moving average is $73.32.

Regency Centers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th were given a $0.755 dividend. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $3.02 annualized dividend and a dividend yield of 3.8%. Regency Centers's dividend payout ratio (DPR) is 104.14%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on REG shares. Deutsche Bank Aktiengesellschaft raised Regency Centers from a "hold" rating to a "buy" rating and set a $83.00 target price for the company in a research report on Tuesday, January 20th. UBS Group set a $76.00 price target on Regency Centers in a research report on Wednesday, January 14th. Citigroup increased their price target on Regency Centers from $75.00 to $76.00 and gave the company a "neutral" rating in a research note on Tuesday, February 10th. Barclays raised their price objective on Regency Centers from $82.00 to $85.00 and gave the stock an "overweight" rating in a research report on Monday, March 2nd. Finally, Evercore set a $80.00 price objective on Regency Centers in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, Regency Centers currently has an average rating of "Moderate Buy" and an average price target of $80.57.

Regency Centers Profile

Regency Centers Corporation is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of grocery-anchored shopping centers. Focused on everyday needs retail, the company's portfolio is strategically concentrated in high-growth, densely populated markets across the United States. By aligning its properties with essential retailers, Regency Centers delivers stable income streams and drives sustained value for shareholders.

Founded in 1963 and headquartered in Jacksonville, Florida, Regency Centers began as a single shopping center developer before evolving into one of the largest owners of grocery-center real estate.

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