Regency Centers Co. (NASDAQ:REG) Shares Sold by BDF Gestion

BDF Gestion reduced its holdings in shares of Regency Centers Co. (NASDAQ:REG) by 11.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,780 shares of the company’s stock after selling 3,220 shares during the quarter. BDF Gestion’s holdings in Regency Centers were worth $1,832,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of REG. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Regency Centers by 300.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 800 shares of the company’s stock valued at $58,000 after purchasing an additional 600 shares during the period. Quest Partners LLC lifted its stake in Regency Centers by 84.8% during the third quarter. Quest Partners LLC now owns 937 shares of the company’s stock worth $68,000 after purchasing an additional 430 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Regency Centers during the third quarter worth about $96,000. Quarry LP lifted its holdings in shares of Regency Centers by 2,811.4% in the 3rd quarter. Quarry LP now owns 2,300 shares of the company’s stock worth $166,000 after purchasing an additional 2,221 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Regency Centers by 33.0% during the third quarter. GAMMA Investing LLC now owns 2,782 shares of the company’s stock valued at $201,000 after acquiring an additional 691 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on REG shares. JPMorgan Chase & Co. raised their target price on Regency Centers from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. KeyCorp began coverage on shares of Regency Centers in a research report on Friday, October 25th. They issued an “overweight” rating and a $80.00 price target on the stock. BTIG Research boosted their price objective on Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Robert W. Baird increased their target price on Regency Centers from $71.00 to $78.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Finally, Evercore ISI decreased their price target on shares of Regency Centers from $78.00 to $77.00 and set an “in-line” rating for the company in a report on Tuesday, December 24th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $78.08.

Regency Centers Price Performance

Shares of Regency Centers stock opened at $71.96 on Friday. The stock has a market capitalization of $13.06 billion, a price-to-earnings ratio of 33.78, a PEG ratio of 3.69 and a beta of 1.22. Regency Centers Co. has a 1-year low of $56.51 and a 1-year high of $76.53. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.65. The firm has a fifty day simple moving average of $73.14 and a 200-day simple moving average of $71.84.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.50). Regency Centers had a return on equity of 5.85% and a net margin of 27.78%. The business had revenue of $360.27 million during the quarter, compared to the consensus estimate of $355.17 million. During the same period in the prior year, the firm earned $1.02 earnings per share. On average, sell-side analysts expect that Regency Centers Co. will post 4.28 earnings per share for the current year.

Regency Centers Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 16th were issued a $0.705 dividend. This is a boost from Regency Centers’s previous quarterly dividend of $0.67. The ex-dividend date was Monday, December 16th. This represents a $2.82 annualized dividend and a yield of 3.92%. Regency Centers’s dividend payout ratio is 132.39%.

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.