CIBC Asset Management Inc Grows Holdings in Regency Centers Co. (NASDAQ:REG)

CIBC Asset Management Inc lifted its position in shares of Regency Centers Co. (NASDAQ:REG) by 4.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,724 shares of the company’s stock after acquiring an additional 1,180 shares during the quarter. CIBC Asset Management Inc’s holdings in Regency Centers were worth $1,902,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Heck Capital Advisors LLC purchased a new stake in shares of Regency Centers in the fourth quarter valued at approximately $26,000. Catalyst Capital Advisors LLC purchased a new stake in Regency Centers in the 4th quarter worth $54,000. Quest Partners LLC raised its position 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 acquiring an additional 430 shares during the period. Brooklyn Investment Group purchased a new position in Regency Centers during the third quarter valued at $96,000. Finally, Principal Securities Inc. grew its position in shares of Regency Centers by 29.0% in the fourth quarter. Principal Securities Inc. now owns 1,360 shares of the company’s stock valued at $101,000 after purchasing an additional 306 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Regency Centers Stock Performance

Shares of Regency Centers stock opened at $73.33 on Friday. The firm has a market cap of $13.30 billion, a PE ratio of 34.59, a price-to-earnings-growth ratio of 3.75 and a beta of 1.21. The company has a quick ratio of 0.95, a current ratio of 0.85 and a debt-to-equity ratio of 0.66. Regency Centers Co. has a 52 week low of $56.51 and a 52 week high of $76.53. The business’s fifty day simple moving average is $72.61 and its 200-day simple moving average is $72.57.

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

Regency Centers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.705 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $2.82 annualized dividend and a dividend yield of 3.85%. Regency Centers’s dividend payout ratio is currently 133.02%.

Insider Activity

In other Regency Centers news, CEO Lisa Palmer sold 25,000 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $73.26, for a total value of $1,831,500.00. Following the completion of the transaction, the chief executive officer now owns 139,923 shares in the company, valued at $10,250,758.98. The trade was a 15.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Michael J. Mas sold 20,000 shares of Regency Centers stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $73.60, for a total value of $1,472,000.00. Following the completion of the transaction, the chief financial officer now owns 54,020 shares of the company’s stock, valued at approximately $3,975,872. This trade represents a 27.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on REG shares. Wells Fargo & Company decreased their price target on shares of Regency Centers from $81.00 to $80.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. JPMorgan Chase & Co. boosted their price target on Regency Centers from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Mizuho raised their price objective on Regency Centers from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, January 8th. Robert W. Baird upped their target price on shares of Regency Centers from $71.00 to $78.00 and gave the stock 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 on the stock in a research note on Tuesday, December 24th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $78.08.

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.