CIBC Asset Management Inc Raises Position in Regency Centers Co. (NASDAQ:REG)

CIBC Asset Management Inc grew its position in shares of Regency Centers Co. (NASDAQ:REG) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,724 shares of the company’s stock after buying 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 filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in REG. Heck Capital Advisors LLC purchased a new position in Regency Centers in the 4th quarter worth about $26,000. Catalyst Capital Advisors LLC bought a new stake in shares of Regency Centers in the fourth quarter worth approximately $54,000. Quest Partners LLC raised its holdings in shares of Regency Centers by 84.8% during the third quarter. Quest Partners LLC now owns 937 shares of the company’s stock valued at $68,000 after purchasing an additional 430 shares during the last quarter. Brooklyn Investment Group bought a new position in Regency Centers during the third quarter valued at approximately $96,000. Finally, Principal Securities Inc. boosted its holdings in Regency Centers by 29.0% in the fourth quarter. Principal Securities Inc. now owns 1,360 shares of the company’s stock worth $101,000 after purchasing an additional 306 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on REG shares. Robert W. Baird boosted their target price on shares of Regency Centers from $71.00 to $78.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Wells Fargo & Company lowered their target price on Regency Centers from $81.00 to $80.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. BTIG Research boosted their price target on Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. increased their price objective on shares of Regency Centers from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Finally, Evercore ISI cut their target price on shares of 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. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $78.08.

Insider Transactions at Regency Centers

In other news, CEO Lisa Palmer sold 25,000 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $73.26, for a total transaction of $1,831,500.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Michael J. Mas sold 20,000 shares of the company’s 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 directly owns 54,020 shares in the company, valued at approximately $3,975,872. The trade was a 27.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Regency Centers Stock Performance

REG opened at $73.33 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95. Regency Centers Co. has a 1-year low of $56.51 and a 1-year high of $76.53. The company has a 50 day simple moving average of $72.61 and a two-hundred day simple moving average of $72.57. The firm has a market cap of $13.30 billion, a P/E ratio of 34.59, a PEG ratio of 3.75 and a beta of 1.21.

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

Regency Centers Announces Dividend

The company also recently disclosed 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 3.85%. The ex-dividend date is Wednesday, March 12th. Regency Centers’s payout ratio is currently 133.02%.

Regency Centers 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.