BI Asset Management Fondsmaeglerselskab A S Makes New $481,000 Investment in Regency Centers Co. (NASDAQ:REG)

BI Asset Management Fondsmaeglerselskab A S purchased a new position in Regency Centers Co. (NASDAQ:REG - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 6,511 shares of the company's stock, valued at approximately $481,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. World Investment Advisors LLC bought a new stake in Regency Centers in the third quarter worth about $782,000. Tidal Investments LLC grew its stake in shares of Regency Centers by 17.8% in the 3rd quarter. Tidal Investments LLC now owns 7,417 shares of the company's stock worth $536,000 after purchasing an additional 1,120 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Regency Centers by 6.3% in the 3rd quarter. Franklin Resources Inc. now owns 278,647 shares of the company's stock worth $19,703,000 after purchasing an additional 16,617 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Regency Centers by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company's stock valued at $801,056,000 after purchasing an additional 435,932 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Regency Centers by 39.9% during the fourth quarter. GAMMA Investing LLC now owns 3,891 shares of the company's stock worth $288,000 after buying an additional 1,109 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

Regency Centers Stock Up 0.5 %

NASDAQ REG traded up $0.33 on Wednesday, reaching $72.18. The stock had a trading volume of 1,836,521 shares, compared to its average volume of 1,051,695. Regency Centers Co. has a 1 year low of $58.08 and a 1 year high of $78.18. The business has a 50 day moving average price of $72.12 and a 200 day moving average price of $72.71. The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $13.10 billion, a price-to-earnings ratio of 34.05, a P/E/G ratio of 3.75 and a beta of 1.03.

Regency Centers (NASDAQ:REG - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.01. The firm had revenue of $370.35 million for the quarter, compared to the consensus estimate of $364.64 million. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. During the same quarter in the prior year, the company posted $1.08 earnings per share. On average, analysts forecast that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were paid a $0.705 dividend. This represents a $2.82 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend was Wednesday, March 12th. Regency Centers's payout ratio is presently 133.02%.

Insider Activity at Regency Centers

In other news, CEO Lisa Palmer sold 25,000 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $73.26, for a total value of $1,831,500.00. Following the completion of the sale, the chief executive officer now directly owns 139,923 shares in the company, valued at approximately $10,250,758.98. The trade was a 15.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $73.48, for a total transaction of $3,674,000.00. Following the completion of the transaction, the chairman now owns 110,263 shares in the company, valued at $8,102,125.24. The trade was a 31.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 95,000 shares of company stock valued at $6,977,500. Insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on REG shares. Scotiabank dropped their price target on Regency Centers from $80.00 to $76.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 23rd. Wells Fargo & Company cut their target price on Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Finally, Mizuho increased their price target on Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a research report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Regency Centers currently has a consensus rating of "Moderate Buy" and an average target price of $78.08.

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.