Cibc World Markets Corp Buys 7,668 Shares of Regency Centers Co. (NASDAQ:REG)

Cibc World Markets Corp raised its holdings in shares of Regency Centers Co. (NASDAQ:REG) by 11.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,693 shares of the company’s stock after purchasing an additional 7,668 shares during the quarter. Cibc World Markets Corp’s holdings in Regency Centers were worth $5,448,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Glenmede Trust Co. NA lifted its holdings in Regency Centers by 4.4% during the 3rd quarter. Glenmede Trust Co. NA now owns 3,382 shares of the company’s stock valued at $244,000 after purchasing an additional 141 shares during the last quarter. Coldstream Capital Management Inc. lifted its holdings in Regency Centers by 4.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,950 shares of the company’s stock valued at $286,000 after purchasing an additional 163 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in Regency Centers by 3.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,845 shares of the company’s stock valued at $356,000 after purchasing an additional 164 shares during the last quarter. Greenleaf Trust lifted its holdings in Regency Centers by 3.8% during the 4th quarter. Greenleaf Trust now owns 4,735 shares of the company’s stock valued at $350,000 after purchasing an additional 172 shares during the last quarter. Finally, Groupama Asset Managment increased its position in Regency Centers by 0.8% during the 3rd quarter. Groupama Asset Managment now owns 27,046 shares of the company’s stock worth $1,954,000 after buying an additional 212 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Insider Activity at Regency Centers

In other 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 sale, the chief executive officer now directly owns 139,923 shares of the company’s stock, valued at approximately $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 SEC, which can be accessed through the SEC website. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of Regency Centers 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 sale, the chairman now directly owns 110,263 shares in the company, valued at $8,102,125.24. The trade was a 31.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 95,000 shares of company stock valued at $6,977,500 over the last ninety days. 1.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on REG shares. Evercore ISI lowered their price objective on Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 24th. Mizuho increased their price objective on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 8th. BTIG Research increased their price objective on Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Finally, Wells Fargo & Company lowered their price objective on Regency Centers from $81.00 to $80.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Regency Centers presently has an average rating of “Moderate Buy” and an average price target of $78.08.

Regency Centers Stock Up 0.9 %

Shares of NASDAQ REG opened at $72.08 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85. Regency Centers Co. has a 52 week low of $56.51 and a 52 week high of $78.18. The stock has a market capitalization of $13.07 billion, a P/E ratio of 34.00, a PEG ratio of 3.75 and a beta of 1.23. The stock’s fifty day moving average is $72.88 and its 200 day moving average is $73.02.

Regency Centers (NASDAQ:REG) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.61. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. Sell-side analysts forecast that Regency Centers Co. will post 4.54 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be paid a $0.705 dividend. This represents a $2.82 annualized dividend and a yield of 3.91%. The ex-dividend date is Wednesday, March 12th. Regency Centers’s dividend payout ratio (DPR) 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.