Regency Centers Corporation $REG Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its stake in shares of Regency Centers Corporation (NASDAQ:REG) by 15.3% in the 4th quarter, HoldingsChannel reports. The firm owned 396,256 shares of the company’s stock after buying an additional 52,606 shares during the quarter. BNP Paribas Financial Markets’ holdings in Regency Centers were worth $27,354,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Hantz Financial Services Inc. raised its position in shares of Regency Centers by 388.9% during the 4th quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock worth $30,000 after purchasing an additional 350 shares during the last quarter. Brown Brothers Harriman & Co. raised its position 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 purchasing an additional 157 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of Regency Centers during the 2nd quarter worth approximately $31,000. MUFG Securities EMEA plc acquired a new position in shares of Regency Centers during the 2nd quarter worth approximately $34,000. Finally, Creative Financial Designs Inc. ADV raised its position in shares of Regency Centers by 56.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 571 shares of the company’s stock worth $39,000 after purchasing an additional 205 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 274,615 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $78.40, for a total transaction of $21,529,816.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $79.06, for a total transaction of $626,708.62. Following the sale, the insider directly owned 33,069 shares of the company’s stock, valued at $2,614,435.14. This represents a 19.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 450,032 shares of company stock valued at $35,233,456 over the last quarter. 1.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on REG shares. Deutsche Bank Aktiengesellschaft downgraded Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 price objective for the company. in a research report on Friday, May 29th. Scotiabank lifted their price objective on Regency Centers from $76.00 to $82.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 24th. Truist Financial lifted their price objective on Regency Centers from $77.00 to $84.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Wells Fargo & Company lifted their price objective on Regency Centers from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Finally, Evercore set a $80.00 price target on Regency Centers in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, Regency Centers currently has an average rating of “Hold” and a consensus price target of $82.07.

Regency Centers Trading Up 0.5%

Shares of REG opened at $76.68 on Friday. The stock has a fifty day moving average of $77.89 and a two-hundred day moving average of $74.44. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.14 and a current ratio of 2.14. The company has a market capitalization of $14.04 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 3.23 and a beta of 0.81. Regency Centers Corporation has a fifty-two week low of $66.86 and a fifty-two week high of $81.66.

Regency Centers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be issued a $0.755 dividend. The ex-dividend date is Friday, June 12th. This represents a $3.02 annualized dividend and a yield of 3.9%. Regency Centers’s payout ratio is 104.14%.

Regency Centers Profile

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.