Cibc World Market Inc. Buys 154,825 Shares of Regency Centers Corporation $REG

Cibc World Market Inc. grew its holdings in Regency Centers Corporation (NASDAQ:REG) by 355.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 198,386 shares of the company’s stock after acquiring an additional 154,825 shares during the period. Cibc World Market Inc.’s holdings in Regency Centers were worth $13,695,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Norges Bank acquired a new position in shares of Regency Centers in the 4th quarter valued at $1,183,667,000. State Street Corp raised its stake in shares of Regency Centers by 3.1% in the 3rd quarter. State Street Corp now owns 12,403,992 shares of the company’s stock valued at $912,739,000 after buying an additional 368,031 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Regency Centers by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 4,915,089 shares of the company’s stock valued at $338,110,000 after buying an additional 67,739 shares in the last quarter. Boston Partners raised its stake in shares of Regency Centers by 2.1% in the 3rd quarter. Boston Partners now owns 3,540,137 shares of the company’s stock valued at $258,062,000 after buying an additional 72,584 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Regency Centers by 75.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,806,165 shares of the company’s stock valued at $124,680,000 after buying an additional 775,609 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Regency Centers Stock Performance

Shares of REG stock opened at $77.72 on Friday. 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 $14.23 billion, a P/E ratio of 26.80, a price-to-earnings-growth ratio of 3.25 and a beta of 0.81. The company’s 50 day moving average price is $77.96 and its two-hundred day moving average price is $74.46. Regency Centers Corporation has a 52 week low of $66.86 and a 52 week high of $81.66.

Regency Centers Dividend Announcement

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

Insider Activity at Regency Centers

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 274,615 shares of the firm’s stock in a transaction that occurred 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 filing with the SEC, which is available through the SEC website. Also, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $79.06, for a total transaction of $626,708.62. Following the sale, the insider owned 33,069 shares in the company, valued at $2,614,435.14. This trade represents a 19.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 450,032 shares of company stock worth $35,233,456 over the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Robert W. Baird set a $84.00 target price on shares of Regency Centers in a research report on Tuesday, February 10th. Wells Fargo & Company raised their price objective on shares of Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft lowered shares of Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 target price on the stock. in a research note on Friday, May 29th. Citigroup lifted their price objective on shares of Regency Centers from $76.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Finally, Barclays lifted their price objective on shares of Regency Centers from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Regency Centers currently has a consensus rating of “Hold” and an average target price of $82.07.

Regency Centers Company 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.