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

Cibc World Markets Corp lifted its holdings in Regency Centers Co. (NASDAQ:REG) by 11.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 73,693 shares of the company’s stock after buying 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 quarter.

A number of other institutional investors have also made changes to their positions in REG. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Regency Centers by 1,138.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,075,753 shares of the company’s stock valued at $149,932,000 after buying an additional 1,908,153 shares during the last quarter. Waterfront Capital Partners LLC acquired a new stake in Regency Centers in the third quarter worth about $33,628,000. JPMorgan Chase & Co. increased its position in Regency Centers by 4.1% in the third quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company’s stock worth $801,056,000 after purchasing an additional 435,932 shares during the period. Principal Financial Group Inc. increased its position in Regency Centers by 4.2% in the fourth quarter. Principal Financial Group Inc. now owns 9,182,664 shares of the company’s stock worth $678,873,000 after purchasing an additional 366,427 shares during the period. Finally, National Bank of Canada FI increased its position in Regency Centers by 701.7% in the third quarter. National Bank of Canada FI now owns 361,597 shares of the company’s stock worth $26,118,000 after purchasing an additional 316,496 shares during the period. 96.07% of the stock is owned by institutional investors.

Insider Buying and Selling at Regency Centers

In other news, CEO Lisa Palmer sold 25,000 shares of the company’s stock in a transaction that occurred on 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 owns 139,923 shares in the company, valued at $10,250,758.98. This represents a 15.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $73.48, for a total value of $3,674,000.00. Following the sale, the chairman now owns 110,263 shares in the company, valued at approximately $8,102,125.24. This represents a 31.20 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 95,000 shares of company stock worth $6,977,500. Corporate insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on REG. Evercore ISI lowered their price objective on Regency Centers from $78.00 to $77.00 and set an “in-line” rating for the company in a research report on Tuesday, December 24th. BTIG Research boosted their target price on Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Mizuho boosted their target price on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company decreased their target price on Regency Centers from $81.00 to $80.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Regency Centers presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.08.

Regency Centers Price Performance

Shares of 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. The stock has a 50 day simple moving average of $72.88 and a 200 day simple moving average of $73.02. Regency Centers Co. has a 52-week low of $56.51 and a 52-week high of $78.18. The firm has a market capitalization of $13.07 billion, a PE ratio of 34.00, a P/E/G ratio of 3.75 and a beta of 1.23.

Regency Centers (NASDAQ:REG) last released its earnings results on Thursday, February 6th. The company reported $1.09 EPS 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 predict that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders 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 payout ratio is 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.