Regency Centers Co. (NASDAQ:REG) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its position in Regency Centers Co. (NASDAQ:REG - Free Report) by 59.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 388,561 shares of the company's stock after purchasing an additional 145,559 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.21% of Regency Centers worth $28,726,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its holdings in shares of Regency Centers by 3.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,845 shares of the company's stock worth $356,000 after buying an additional 164 shares during the period. Greenleaf Trust raised its holdings in shares of Regency Centers by 3.8% in the fourth quarter. Greenleaf Trust now owns 4,735 shares of the company's stock valued at $350,000 after acquiring an additional 172 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Regency Centers by 27.9% in the fourth quarter. Farther Finance Advisors LLC now owns 1,003 shares of the company's stock worth $74,000 after acquiring an additional 219 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in Regency Centers by 7.7% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,395 shares of the company's stock worth $251,000 after acquiring an additional 244 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in Regency Centers by 17.5% during the 4th quarter. Signaturefd LLC now owns 1,757 shares of the company's stock worth $130,000 after acquiring an additional 262 shares in the last quarter. Institutional investors own 96.07% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on REG. Wells Fargo & Company lowered their price target on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Scotiabank reduced their price target on Regency Centers from $76.00 to $75.00 and set a "sector perform" rating for the company in a research report on Monday. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $78.00.

Insider Transactions at Regency Centers

In other Regency Centers news, CEO Lisa Palmer sold 25,000 shares of Regency Centers stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $73.26, for a total transaction of $1,831,500.00. Following the completion of the transaction, the chief executive officer now owns 139,923 shares in the company, valued at approximately $10,250,758.98. This trade represents a 15.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $73.48, for a total value of $3,674,000.00. Following the completion of the transaction, the chairman now directly owns 110,263 shares of the company's stock, valued at approximately $8,102,125.24. This trade represents a 31.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 95,000 shares of company stock worth $6,977,500 over the last three months. 1.00% of the stock is currently owned by insiders.

Regency Centers Stock Performance

NASDAQ:REG traded down $0.98 during trading hours on Wednesday, hitting $72.07. 336,410 shares of the company were exchanged, compared to its average volume of 1,038,949. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95. Regency Centers Co. has a 52-week low of $58.19 and a 52-week high of $78.18. The stock has a market capitalization of $13.08 billion, a price-to-earnings ratio of 34.00, a PEG ratio of 3.75 and a beta of 1.02. The company's 50 day moving average price is $71.52 and its 200-day moving average price is $72.77.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $1.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.01. The firm had revenue of $370.35 million for the quarter, compared to analyst estimates of $364.64 million. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. During the same period in the previous year, the company earned $1.08 earnings per share. As a group, research analysts forecast that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 11th will be issued a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend is 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.