Regency Centers Co. (NASDAQ:REG) Position Raised by TD Asset Management Inc

TD Asset Management Inc boosted its position in Regency Centers Co. (NASDAQ:REG) by 3.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,672 shares of the company’s stock after purchasing an additional 1,651 shares during the period. TD Asset Management Inc’s holdings in Regency Centers were worth $2,779,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in REG. Norges Bank acquired a new position in shares of Regency Centers in the 4th quarter worth approximately $1,140,242,000. PGGM Investments grew its position in Regency Centers by 2,586.9% in the second quarter. PGGM Investments now owns 1,670,607 shares of the company’s stock worth $103,912,000 after buying an additional 1,608,431 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Regency Centers by 16.5% in the first quarter. Principal Financial Group Inc. now owns 8,565,897 shares of the company’s stock valued at $518,751,000 after buying an additional 1,210,906 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Regency Centers by 10.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,048,753 shares of the company’s stock valued at $547,995,000 after acquiring an additional 873,062 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Regency Centers by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 28,889,033 shares of the company’s stock worth $1,749,520,000 after acquiring an additional 830,572 shares in the last quarter. 96.07% of the stock is owned by institutional investors.

Regency Centers Stock Performance

Shares of REG opened at $74.36 on Friday. The company has a market capitalization of $13.74 billion, a PE ratio of 36.27, a PEG ratio of 4.53 and a beta of 1.21. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.93. The company’s 50 day moving average price is $68.89 and its 200 day moving average price is $63.21. Regency Centers Co. has a 52 week low of $56.29 and a 52 week high of $75.26.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.48). Regency Centers had a net margin of 27.60% and a return on equity of 5.63%. The company had revenue of $357.25 million for the quarter, compared to analysts’ expectations of $361.56 million. During the same quarter in the prior year, the firm earned $1.03 earnings per share. Research analysts expect that Regency Centers Co. will post 4.23 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date is Thursday, September 12th. Regency Centers’s dividend payout ratio (DPR) is presently 130.73%.

Analysts Set New Price Targets

REG has been the topic of a number of recent analyst reports. Mizuho boosted their target price on Regency Centers from $67.00 to $73.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. JPMorgan Chase & Co. boosted their price objective on Regency Centers from $71.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Truist Financial upped their price objective on shares of Regency Centers from $70.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Wells Fargo & Company lifted their target price on shares of Regency Centers from $69.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. Finally, Raymond James upped their price target on shares of Regency Centers from $67.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $75.27.

Insider Activity

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $70.00, for a total value of $1,750,000.00. Following the completion of the sale, the chairman now directly owns 307,199 shares of the company’s stock, valued at $21,503,930. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $70.00, for a total value of $1,750,000.00. Following the completion of the sale, the chairman now owns 307,199 shares of the company’s stock, valued at $21,503,930. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Michael R. Herman sold 1,000 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $69.57, for a total value of $69,570.00. Following the transaction, the vice president now directly owns 13,010 shares in the company, valued at approximately $905,105.70. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Regency Centers Company Profile

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.