Regency Centers Corporation $REG Shares Acquired by CIBC Asset Management Inc

CIBC Asset Management Inc boosted its holdings in Regency Centers Corporation (NASDAQ:REG) by 7.0% in the 4th quarter, Holdings Channel reports. The firm owned 265,524 shares of the company’s stock after purchasing an additional 17,422 shares during the period. CIBC Asset Management Inc’s holdings in Regency Centers were worth $18,329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. AQR Capital Management LLC boosted its stake in shares of Regency Centers by 15.4% during the first quarter. AQR Capital Management LLC now owns 64,337 shares of the company’s stock worth $4,701,000 after buying an additional 8,563 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Regency Centers by 3.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,894 shares of the company’s stock valued at $1,099,000 after acquiring an additional 557 shares during the last quarter. Empowered Funds LLC lifted its position in Regency Centers by 9.6% during the 1st quarter. Empowered Funds LLC now owns 5,856 shares of the company’s stock worth $432,000 after acquiring an additional 511 shares during the period. Jane Street Group LLC lifted its position in Regency Centers by 81.5% during the 1st quarter. Jane Street Group LLC now owns 8,247 shares of the company’s stock worth $608,000 after acquiring an additional 3,702 shares during the period. Finally, Intech Investment Management LLC grew its stake in shares of Regency Centers by 47.6% in the 1st quarter. Intech Investment Management LLC now owns 20,011 shares of the company’s stock valued at $1,476,000 after purchasing an additional 6,451 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Morgan Stanley upped their price target on Regency Centers from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Citigroup boosted their price objective on shares of Regency Centers from $76.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Scotiabank raised their target price on shares of Regency Centers from $76.00 to $82.00 and gave the stock a “sector perform” rating in a research note on Tuesday, March 24th. Deutsche Bank Aktiengesellschaft lowered shares of Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 price target on the stock. in a research note on Friday, May 29th. Finally, Barclays raised their price objective on shares of Regency Centers from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. One equities research 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.com, Regency Centers presently has a consensus rating of “Hold” and an average price target of $82.07.

Regency Centers Price Performance

Shares of NASDAQ REG opened at $76.68 on Friday. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.72. The company’s 50-day moving average price is $77.89 and its 200 day moving average price is $74.44. Regency Centers Corporation has a 52 week low of $66.86 and a 52 week high of $81.66. The stock has a market cap of $14.04 billion, a price-to-earnings ratio of 26.44, a PEG ratio of 3.23 and a beta of 0.81.

Regency Centers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 12th will be paid a dividend of $0.755 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $3.02 annualized dividend and a dividend yield of 3.9%. Regency Centers’s dividend payout ratio is presently 104.14%.

Insider Buying and Selling

In other news, Chairman Martin E. Stein, Jr. sold 274,615 shares of the stock in a transaction dated 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 document filed with the SEC, which is available through this hyperlink. 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 completion of the sale, the insider directly owned 33,069 shares in the company, valued at $2,614,435.14. This represents a 19.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 450,032 shares of company stock worth $35,233,456. 1.00% of the stock is owned by company insiders.

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.