UBS Group AG Has $12.44 Million Position in Regency Centers Co. (NASDAQ:REG)

UBS Group AG increased its position in shares of Regency Centers Co. (NASDAQ:REG – Get Rating) by 4.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 199,078 shares of the company’s stock after purchasing an additional 8,780 shares during the quarter. UBS Group AG’s holdings in Regency Centers were worth $12,442,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Lockheed Martin Investment Management Co. grew its position in Regency Centers by 11.9% during the fourth quarter. Lockheed Martin Investment Management Co. now owns 12,270 shares of the company’s stock worth $504,000 after buying an additional 1,300 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in Regency Centers by 7.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 234,725 shares of the company’s stock valued at $14,671,000 after purchasing an additional 16,778 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Regency Centers by 4.5% during the fourth quarter. Van ECK Associates Corp now owns 56,282 shares of the company’s stock valued at $3,518,000 after purchasing an additional 2,433 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Regency Centers by 6.8% during the fourth quarter. Nordea Investment Management AB now owns 10,490 shares of the company’s stock valued at $654,000 after purchasing an additional 671 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Regency Centers by 71.5% during the fourth quarter. Russell Investments Group Ltd. now owns 115,626 shares of the company’s stock valued at $7,229,000 after purchasing an additional 48,195 shares in the last quarter. 88.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

REG has been the topic of a number of recent research reports. Truist Financial decreased their price objective on Regency Centers from $73.00 to $71.00 in a report on Monday, May 15th. StockNews.com assumed coverage on shares of Regency Centers in a research note on Thursday. They issued a “hold” rating for the company. Finally, Barclays lifted their target price on shares of Regency Centers from $70.00 to $71.00 in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.09.

Regency Centers Stock Performance

Shares of Regency Centers stock opened at $57.63 on Monday. The firm has a fifty day moving average of $60.02 and a two-hundred day moving average of $61.69. The stock has a market capitalization of $9.85 billion, a price-to-earnings ratio of 25.61, a PEG ratio of 3.95 and a beta of 1.15. Regency Centers Co. has a 52 week low of $51.97 and a 52 week high of $69.35. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.86.

Regency Centers declared that its Board of Directors has initiated a stock repurchase plan on Thursday, February 9th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the company to buy up to 2.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its shares are undervalued.

Regency Centers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 6th. Shareholders of record on Wednesday, June 14th will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 4.51%. The ex-dividend date is Tuesday, June 13th. Regency Centers’s payout ratio is 115.56%.

Regency Centers Company Profile

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Regency Centers Corp. operates as a real estate investment trust, which engages in the ownership, operation, and development of retail shopping centers. Its portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to its neighborhoods, communities, and customers.