6,511 Shares in Regency Centers Co. (NASDAQ:REG) Bought by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Regency Centers Co. (NASDAQ:REG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 6,511 shares of the company's stock, valued at approximately $481,000.

Several other hedge funds have also recently bought and sold shares of the company. Heck Capital Advisors LLC purchased a new position in Regency Centers in the fourth quarter valued at $26,000. National Pension Service purchased a new position in shares of Regency Centers in the 4th quarter valued at about $27,000. Canada Post Corp Registered Pension Plan purchased a new stake in shares of Regency Centers during the fourth quarter worth approximately $39,000. Catalyst Capital Advisors LLC acquired a new stake in Regency Centers in the fourth quarter valued at approximately $54,000. Finally, Venturi Wealth Management LLC raised its holdings in Regency Centers by 4,400.0% in the fourth quarter. Venturi Wealth Management LLC now owns 855 shares of the company's stock valued at $63,000 after acquiring an additional 836 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Regency Centers Stock Performance

REG traded down $0.03 during trading on Friday, hitting $71.42. 1,053,569 shares of the stock were exchanged, compared to its average volume of 1,051,499. The company has a quick ratio of 0.95, a current ratio of 0.85 and a debt-to-equity ratio of 0.66. Regency Centers Co. has a 1-year low of $58.08 and a 1-year high of $78.18. The stock has a fifty day moving average price of $72.20 and a two-hundred day moving average price of $72.69. The firm has a market capitalization of $12.96 billion, a P/E ratio of 33.69, a PEG ratio of 3.75 and a beta of 1.03.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.61. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. As a group, sell-side analysts predict that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were issued a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date was Wednesday, March 12th. Regency Centers's dividend payout ratio is currently 133.02%.

Insider Activity at Regency Centers

In related news, CEO Lisa Palmer sold 25,000 shares of the firm's stock in a transaction dated 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 owns 139,923 shares in the company, valued at $10,250,758.98. This trade represents a 15.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael J. Mas sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $73.60, for a total value of $1,472,000.00. Following the transaction, the chief financial officer now owns 54,020 shares in the company, valued at $3,975,872. The trade was a 27.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 95,000 shares of company stock worth $6,977,500 in the last quarter. Company insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on REG shares. Wells Fargo & Company reduced their price objective on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Scotiabank decreased their price target on Regency Centers from $80.00 to $76.00 and set a "sector perform" rating for the company in a report on Wednesday. Finally, Mizuho increased their price objective on Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a report on Wednesday, January 8th. Three equities research 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 company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $78.08.

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.