Cibc World Markets Corp Has $5.45 Million Stock Position in Regency Centers Co. (NASDAQ:REG)

Cibc World Markets Corp lifted its position in Regency Centers Co. (NASDAQ:REG - Free Report) by 11.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,693 shares of the company's stock after buying an additional 7,668 shares during the quarter. Cibc World Markets Corp's holdings in Regency Centers were worth $5,448,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Heck Capital Advisors LLC bought a new position in Regency Centers during the fourth quarter worth $26,000. National Pension Service bought a new position in Regency Centers during the fourth quarter worth $27,000. Catalyst Capital Advisors LLC bought a new position in Regency Centers during the fourth quarter worth $54,000. Venturi Wealth Management LLC increased its position in Regency Centers by 4,400.0% during the fourth quarter. Venturi Wealth Management LLC now owns 855 shares of the company's stock worth $63,000 after acquiring an additional 836 shares during the period. Finally, Quest Partners LLC increased its position in Regency Centers by 84.8% during the third quarter. Quest Partners LLC now owns 937 shares of the company's stock worth $68,000 after acquiring an additional 430 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on REG. BTIG Research boosted their target price on shares of Regency Centers from $72.00 to $79.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Wells Fargo & Company dropped their target price on shares of Regency Centers from $81.00 to $80.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 29th. Mizuho boosted their target price on shares of Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 8th. Finally, Evercore ISI lowered their price target on shares of Regency Centers from $78.00 to $77.00 and set an "in-line" rating on the stock in a report on Tuesday, December 24th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Regency Centers has an average rating of "Moderate Buy" and a consensus price target of $78.08.

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Regency Centers Stock Performance

Regency Centers stock traded down $0.54 on Friday, hitting $71.50. The company's stock had a trading volume of 1,508,691 shares, compared to its average volume of 1,004,879. The company has a fifty day moving average price of $72.97 and a 200-day moving average price of $73.00. 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 Co. has a one year low of $56.51 and a one year high of $78.18. The firm has a market cap of $12.97 billion, a P/E ratio of 33.73, a price-to-earnings-growth ratio of 3.75 and a beta of 1.23.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $1.09 earnings per share 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 anticipate that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be issued a $0.705 dividend. This represents a $2.82 annualized dividend and a dividend yield of 3.94%. The ex-dividend date is Wednesday, March 12th. Regency Centers's payout ratio is 133.02%.

Insider Transactions at Regency Centers

In related news, CFO Michael J. Mas sold 20,000 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $73.60, for a total transaction of $1,472,000.00. Following the transaction, the chief financial officer now owns 54,020 shares in the company, valued at $3,975,872. This represents a 27.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the company's stock in a transaction dated 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 transaction, the chairman now owns 110,263 shares in the company, valued at approximately $8,102,125.24. This trade represents a 31.20 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 95,000 shares of company stock valued at $6,977,500. 1.00% of the stock is owned by insiders.

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.