Regency Centers Corporation $REG Stake Raised by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Regency Centers Corporation (NASDAQ:REG) by 8.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 421,308 shares of the company’s stock after purchasing an additional 33,784 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Regency Centers were worth $29,224,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Norinchukin Bank The raised its position in Regency Centers by 0.8% in the third quarter. Norinchukin Bank The now owns 17,730 shares of the company’s stock worth $1,293,000 after acquiring an additional 147 shares in the last quarter. Park Avenue Securities LLC boosted its stake in shares of Regency Centers by 5.2% during the 3rd quarter. Park Avenue Securities LLC now owns 3,040 shares of the company’s stock worth $222,000 after acquiring an additional 149 shares in the last quarter. Telos Capital Management Inc. boosted its stake in shares of Regency Centers by 2.9% during the 4th quarter. Telos Capital Management Inc. now owns 5,378 shares of the company’s stock worth $371,000 after acquiring an additional 153 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in shares of Regency Centers by 63.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock worth $30,000 after acquiring an additional 157 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in Regency Centers by 13.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,293 shares of the company’s stock worth $92,000 after buying an additional 158 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Chairman Martin E. Stein, Jr. sold 129,490 shares of the stock in a transaction that occurred on 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 owned 195,892 shares in the company, valued at approximately $15,344,220.36. This represents a 39.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold a total of 177,490 shares of company stock valued at $13,839,932 in the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Regency Centers Trading Up 2.2%

NASDAQ:REG opened at $80.74 on Friday. The stock’s 50 day moving average price is $77.51 and its 200 day moving average price is $73.01. Regency Centers Corporation has a 52 week low of $66.86 and a 52 week high of $81.66. The company has a market capitalization of $14.78 billion, a P/E ratio of 28.84, a P/E/G ratio of 3.39 and a beta of 0.90. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.05 and a current ratio of 1.05.

Regency Centers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th were issued a $0.755 dividend. The ex-dividend date was Wednesday, March 11th. This represents a $3.02 dividend on an annualized basis and a yield of 3.7%. Regency Centers’s dividend payout ratio is currently 107.86%.

Analysts Set New Price Targets

A number of research firms have commented on REG. Morgan Stanley upped their price objective on shares of Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday. Barclays upped their price objective on shares of Regency Centers from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, March 2nd. Deutsche Bank Aktiengesellschaft raised shares of Regency Centers from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research note on Tuesday, January 20th. Weiss Ratings upgraded Regency Centers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. Finally, Truist Financial increased their price target on shares of Regency Centers from $77.00 to $84.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. One equities research 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 company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $80.36.

About Regency Centers

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.