TD Waterhouse Canada Inc. Acquires 487 Shares of Regency Centers Co. (NASDAQ:REG)

TD Waterhouse Canada Inc. grew its holdings in shares of Regency Centers Co. (NASDAQ:REG) by 48,700.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 488 shares of the company’s stock after purchasing an additional 487 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Regency Centers were worth $36,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norges Bank bought a new position in Regency Centers during the fourth quarter worth about $1,262,425,000. JPMorgan Chase & Co. increased its holdings in Regency Centers by 0.5% during the 4th quarter. JPMorgan Chase & Co. now owns 11,141,771 shares of the company’s stock worth $823,711,000 after acquiring an additional 51,424 shares during the period. Principal Financial Group Inc. lifted its stake in Regency Centers by 4.2% in the 4th quarter. Principal Financial Group Inc. now owns 9,182,664 shares of the company’s stock worth $678,873,000 after purchasing an additional 366,427 shares in the last quarter. Invesco Ltd. boosted its holdings in Regency Centers by 121.2% in the 4th quarter. Invesco Ltd. now owns 5,374,450 shares of the company’s stock valued at $397,333,000 after purchasing an additional 2,944,854 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Regency Centers by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 4,568,525 shares of the company’s stock valued at $336,955,000 after purchasing an additional 86,644 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Regency Centers Stock Up 0.6 %

REG opened at $71.83 on Tuesday. The business’s fifty day simple moving average is $72.17 and its 200 day simple moving average is $72.72. Regency Centers Co. has a 52 week low of $58.08 and a 52 week high of $78.18. The stock has a market cap of $13.04 billion, a PE ratio of 33.88, a P/E/G ratio of 3.75 and a beta of 1.03. 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 (NASDAQ:REG) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.09 earnings per share (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%. As a group, research analysts expect that Regency Centers Co. will post 4.54 earnings per share for the current fiscal year.

Regency Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were paid a dividend of $0.705 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.93%. Regency Centers’s dividend payout ratio (DPR) is currently 133.02%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on REG shares. Wells Fargo & Company decreased their price target on shares of Regency Centers from $80.00 to $79.00 and set an “overweight” rating on the stock in a report on Wednesday, March 26th. Scotiabank decreased their price target on shares of Regency Centers from $80.00 to $76.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 23rd. Finally, Mizuho upped their price target on shares of Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Regency Centers has a consensus rating of “Moderate Buy” and a consensus price target of $78.08.

Insider Activity

In other news, CEO Lisa Palmer sold 25,000 shares of the 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 completion of the sale, the chief executive officer now directly owns 139,923 shares in the company, valued at approximately $10,250,758.98. This represents a 15.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Michael J. Mas sold 20,000 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $73.60, for a total transaction of $1,472,000.00. Following the sale, the chief financial officer now owns 54,020 shares of the company’s stock, valued at approximately $3,975,872. This represents a 27.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 95,000 shares of company stock valued at $6,977,500. 1.00% of the stock is currently owned by insiders.

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.