Bank of Montreal Can Increases Holdings in Regency Centers Co. (NASDAQ:REG)

Bank of Montreal Can grew its holdings in Regency Centers Co. (NASDAQ:REG - Free Report) by 30.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 192,727 shares of the company's stock after acquiring an additional 44,670 shares during the period. Bank of Montreal Can owned about 0.11% of Regency Centers worth $14,248,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of REG. FMR LLC raised its holdings in shares of Regency Centers by 16.1% in the 4th quarter. FMR LLC now owns 2,113,299 shares of the company's stock valued at $156,236,000 after purchasing an additional 293,668 shares in the last quarter. Unigestion Holding SA boosted its position in shares of Regency Centers by 99.5% during the 4th quarter. Unigestion Holding SA now owns 16,644 shares of the company's stock worth $1,230,000 after acquiring an additional 8,300 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Regency Centers by 3.6% in the 4th quarter. Russell Investments Group Ltd. now owns 151,128 shares of the company's stock valued at $11,151,000 after acquiring an additional 5,225 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Regency Centers by 52.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 117,187 shares of the company's stock worth $8,664,000 after acquiring an additional 40,357 shares in the last quarter. Finally, Aviva PLC boosted its holdings in Regency Centers by 88.2% in the fourth quarter. Aviva PLC now owns 104,374 shares of the company's stock valued at $7,716,000 after purchasing an additional 48,924 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Insider Transactions at Regency Centers

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $73.48, for a total transaction of $3,674,000.00. Following the transaction, the chairman now owns 110,263 shares of the company's stock, valued at $8,102,125.24. This trade represents a 31.20 % 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, CEO Lisa Palmer sold 25,000 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $73.26, for a total value of $1,831,500.00. Following the completion of the transaction, the chief executive officer now directly owns 139,923 shares in the company, valued at $10,250,758.98. This trade represents a 15.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 95,000 shares of company stock valued at $6,977,500 over the last three months. 1.00% of the stock is currently owned by insiders.

Regency Centers Price Performance

Regency Centers stock traded up $0.69 during mid-day trading on Wednesday, reaching $71.05. The company had a trading volume of 89,105 shares, compared to its average volume of 1,058,316. The stock's 50-day simple moving average is $72.55 and its 200-day simple moving average is $72.67. Regency Centers Co. has a 1 year low of $56.51 and a 1 year high of $78.18. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95. The company has a market capitalization of $12.90 billion, a P/E ratio of 33.52, a P/E/G ratio of 3.75 and a beta of 1.03.

Regency Centers (NASDAQ:REG - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.48 by $0.61. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. On average, equities analysts predict that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date of this dividend was Wednesday, March 12th. Regency Centers's dividend payout ratio (DPR) is presently 133.02%.

Wall Street Analyst Weigh In

REG has been the subject of several research analyst reports. Evercore ISI lowered 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 report on Tuesday, December 24th. Mizuho increased their price target on Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a report on Wednesday, January 8th. Finally, Wells Fargo & Company dropped their price objective on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $78.00.

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.