Toronto Dominion Bank Grows Stake in Regency Centers Co. (NASDAQ:REG)

Toronto Dominion Bank increased its holdings in shares of Regency Centers Co. (NASDAQ:REG) by 7.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 89,182 shares of the company’s stock after acquiring an additional 6,186 shares during the period. Toronto Dominion Bank’s holdings in Regency Centers were worth $6,593,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in REG. JPMorgan Chase & Co. grew its position in shares of Regency Centers by 4.1% during 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 in the last quarter. Ritholtz Wealth Management purchased a new stake in shares of Regency Centers during the fourth quarter worth about $207,000. Merit Financial Group LLC bought a new stake in Regency Centers in the 4th quarter worth approximately $223,000. Ballentine Partners LLC increased its stake in Regency Centers by 9.4% in the 4th quarter. Ballentine Partners LLC now owns 3,178 shares of the company’s stock worth $235,000 after acquiring an additional 272 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in Regency Centers by 13.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 3,449 shares of the company’s stock worth $255,000 after acquiring an additional 411 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Insider Transactions at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $73.48, for a total transaction of $3,674,000.00. Following the completion of the transaction, the chairman now owns 110,263 shares in the company, valued at $8,102,125.24. The trade was a 31.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.00% of the company’s stock.

Regency Centers Price Performance

Shares of Regency Centers stock opened at $71.34 on Thursday. The stock has a market cap of $12.95 billion, a price-to-earnings ratio of 33.65, a price-to-earnings-growth ratio of 3.75 and a beta of 1.02. 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 moving average price of $71.56 and a 200-day moving average price of $72.80. Regency Centers Co. has a one year low of $58.19 and a one year high of $78.18.

Regency Centers (NASDAQ:REG) last announced its earnings results on Tuesday, April 29th. The company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.01. The firm had revenue of $370.35 million during the quarter, compared to analysts’ expectations of $364.64 million. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. During the same quarter in the previous year, the business earned $1.08 EPS. Equities analysts expect that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 11th will be issued a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date is Wednesday, June 11th. Regency Centers’s dividend payout ratio (DPR) is 133.02%.

Analysts Set New Price Targets

A number of analysts have issued reports on REG shares. Scotiabank reduced their price objective on Regency Centers from $76.00 to $75.00 and set a “sector perform” rating on the stock in a research note on Monday, May 12th. Wells Fargo & Company reduced their price objective on Regency Centers from $80.00 to $79.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 26th. Finally, Truist Financial lifted their price objective on Regency Centers from $78.00 to $79.00 and gave the stock a “buy” rating in a research note on Monday. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Regency Centers presently has an average rating of “Moderate Buy” and a consensus price target of $78.08.

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.