Universal Beteiligungs und Servicegesellschaft mbH Increases Position in Regency Centers Corporation (NASDAQ:REG)

Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Regency Centers Corporation (NASDAQ:REG - Free Report) by 13.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 321,188 shares of the company's stock after buying an additional 38,375 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.18% of Regency Centers worth $23,691,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Proficio Capital Partners LLC boosted its stake in shares of Regency Centers by 9.7% in the fourth quarter. Proficio Capital Partners LLC now owns 3,677 shares of the company's stock valued at $272,000 after purchasing an additional 326 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in Regency Centers by 7.7% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,395 shares of the company's stock worth $251,000 after acquiring an additional 244 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in Regency Centers in the fourth quarter worth approximately $1,499,000. Virtu Financial LLC purchased a new position in Regency Centers in the fourth quarter worth approximately $231,000. Finally, KLP Kapitalforvaltning AS purchased a new position in Regency Centers in the fourth quarter worth approximately $4,487,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

Insider Transactions at Regency Centers

In other news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 33,069 shares of the company's stock, valued at approximately $2,395,518.36. This represents a 11.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on REG shares. Mizuho decreased their price target on shares of Regency Centers from $79.00 to $74.00 and set an "outperform" rating for the company in a research note on Thursday, July 17th. Truist Financial lifted their price target on shares of Regency Centers from $78.00 to $79.00 and gave the stock a "buy" rating in a research note on Monday, May 19th. Barclays began coverage on shares of Regency Centers in a research report on Wednesday, July 2nd. They set an "equal weight" rating and a $77.00 price objective for the company. Scotiabank reduced their price objective on shares of 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. Finally, Wall Street Zen downgraded shares of Regency Centers from a "hold" rating to a "sell" rating in a research report on Saturday, July 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $77.54.

Regency Centers Stock Performance

Shares of Regency Centers stock traded down $0.35 during trading on Friday, reaching $71.18. The company's stock had a trading volume of 898,039 shares, compared to its average volume of 1,080,205. The company has a 50-day moving average price of $71.02 and a two-hundred day moving average price of $71.77. The firm has a market cap of $12.92 billion, a PE ratio of 33.58, a P/E/G ratio of 3.48 and a beta of 1.00. Regency Centers Corporation has a fifty-two week low of $63.44 and a fifty-two week high of $78.18. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.70.

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, beating analysts' consensus estimates of $1.14 by $0.01. The business had revenue of $370.35 million for the quarter, compared to analysts' expectations of $364.64 million. Regency Centers had a net margin of 27.21% and a return on equity of 5.98%. During the same period in the previous year, the company posted $1.08 EPS. On average, analysts forecast that Regency Centers Corporation will post 4.54 EPS for the current year.

Regency Centers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 11th were issued a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date was Wednesday, June 11th. Regency Centers's dividend payout ratio is presently 133.02%.

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.