BNP Paribas Arbitrage SA Raises Position in Regency Centers Corporation (REG)

BNP Paribas Arbitrage SA raised its stake in Regency Centers Corporation (NYSE:REG) by 27.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 135,478 shares of the real estate investment trust’s stock after buying an additional 29,219 shares during the quarter. BNP Paribas Arbitrage SA owned approximately 0.08% of Regency Centers Corporation worth $8,405,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of REG. FMR LLC purchased a new stake in Regency Centers Corporation in the 1st quarter valued at $3,290,000. HighTower Advisors LLC grew its holdings in Regency Centers Corporation by 16.9% in the 1st quarter. HighTower Advisors LLC now owns 4,910 shares of the real estate investment trust’s stock valued at $326,000 after buying an additional 710 shares in the last quarter. Capstone Asset Management Co. grew its holdings in Regency Centers Corporation by 18.0% in the 2nd quarter. Capstone Asset Management Co. now owns 10,720 shares of the real estate investment trust’s stock valued at $672,000 after buying an additional 1,639 shares in the last quarter. National Pension Service grew its holdings in Regency Centers Corporation by 9.8% in the 2nd quarter. National Pension Service now owns 171,912 shares of the real estate investment trust’s stock valued at $10,827,000 after buying an additional 15,382 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. grew its holdings in Regency Centers Corporation by 508.9% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 24,874 shares of the real estate investment trust’s stock valued at $1,558,000 after buying an additional 20,789 shares in the last quarter. Institutional investors own 90.65% of the company’s stock.

REG has been the subject of several analyst reports. Boenning Scattergood restated a “hold” rating on shares of Regency Centers Corporation in a report on Monday, November 6th. BidaskClub upgraded Regency Centers Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Citigroup Inc. set a $70.00 target price on Regency Centers Corporation and gave the company a “hold” rating in a report on Monday, August 14th. Zacks Investment Research upgraded Regency Centers Corporation from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a report on Thursday, September 21st. Finally, Royal Bank Of Canada upgraded Regency Centers Corporation from an “outperform” rating to a “top pick” rating and increased their price target for the stock from $72.00 to $75.00 in a report on Thursday, August 17th. Seven investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $70.86.

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In other Regency Centers Corporation news, Director Mary Lou Fiala sold 7,775 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $65.74, for a total value of $511,128.50. Following the sale, the director now owns 17,145 shares of the company’s stock, valued at approximately $1,127,112.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Chaim Katzman sold 1,055,758 shares of the stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $64.30, for a total value of $67,885,239.40. The disclosure for this sale can be found here. Insiders sold a total of 1,068,033 shares of company stock worth $68,404,918 in the last ninety days. 12.66% of the stock is owned by corporate insiders.

Regency Centers Corporation (NYSE:REG) opened at $66.87 on Thursday. Regency Centers Corporation has a 12 month low of $58.63 and a 12 month high of $72.05. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $11,382.09, a PE ratio of 18.38, a P/E/G ratio of 2.23 and a beta of 0.55.

Regency Centers Corporation (NYSE:REG) last posted its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.04. The firm had revenue of $262.14 million for the quarter, compared to analyst estimates of $254.04 million. Regency Centers Corporation had a return on equity of 2.82% and a net margin of 17.59%. During the same quarter in the prior year, the company earned $0.81 EPS. analysts forecast that Regency Centers Corporation will post 3.68 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 15th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Tuesday, November 14th. Regency Centers Corporation’s dividend payout ratio is currently 235.56%.

Regency Centers Corporation Profile

Regency Centers Corporation is a real estate investment trust (REIT). The Company is the general partner of Regency Centers, L.P. (the Operating Partnership). The Company is engaged in the ownership, management, leasing, acquisition and development of retail shopping centers through the Operating Partnership.

Institutional Ownership by Quarter for Regency Centers Corporation (NYSE:REG)

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