Bank of Montreal Can Purchases 72,589 Shares of Regency Centers Co. (NASDAQ:REG)

Bank of Montreal Can boosted its holdings in Regency Centers Co. (NASDAQ:REG - Free Report) by 55.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 203,130 shares of the company's stock after buying an additional 72,589 shares during the quarter. Bank of Montreal Can owned 0.11% of Regency Centers worth $12,635,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. TD Asset Management Inc grew its holdings in shares of Regency Centers by 8.5% in the fourth quarter. TD Asset Management Inc now owns 42,713 shares of the company's stock worth $2,862,000 after acquiring an additional 3,336 shares during the period. Treasurer of the State of North Carolina increased its position in shares of Regency Centers by 1.2% during the 4th quarter. Treasurer of the State of North Carolina now owns 82,471 shares of the company's stock valued at $5,526,000 after purchasing an additional 960 shares during the last quarter. Bank of Nova Scotia lifted its stake in shares of Regency Centers by 32.6% in the 4th quarter. Bank of Nova Scotia now owns 21,325 shares of the company's stock worth $1,429,000 after purchasing an additional 5,240 shares during the period. Campbell & CO Investment Adviser LLC lifted its stake in shares of Regency Centers by 37.5% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 32,215 shares of the company's stock worth $2,158,000 after purchasing an additional 8,793 shares during the period. Finally, Prudent Man Advisors LLC purchased a new position in shares of Regency Centers in the fourth quarter worth approximately $203,000. Institutional investors own 96.07% of the company's stock.

Insider Buying and Selling at Regency Centers

In related news, VP Michael R. Herman sold 1,000 shares of the firm's stock in a transaction on Friday, August 16th. The stock was sold at an average price of $69.57, for a total value of $69,570.00. Following the completion of the sale, the vice president now directly owns 13,010 shares in the company, valued at $905,105.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $70.00, for a total value of $1,750,000.00. Following the sale, the chairman now owns 307,199 shares in the company, valued at $21,503,930. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Michael R. Herman sold 1,000 shares of the business's stock in a transaction on Friday, August 16th. The shares were sold at an average price of $69.57, for a total transaction of $69,570.00. Following the sale, the vice president now directly owns 13,010 shares of the company's stock, valued at $905,105.70. The disclosure for this sale can be found here. Company insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on REG. Compass Point lifted their price target on shares of Regency Centers from $75.00 to $80.00 and gave the stock a "buy" rating in a research note on Tuesday, September 10th. Scotiabank upped their price target on Regency Centers from $65.00 to $75.00 and gave the stock a "sector perform" rating in a research report on Monday, August 26th. Deutsche Bank Aktiengesellschaft cut Regency Centers from a "buy" rating to a "hold" rating and lifted their price objective for the company from $70.00 to $75.00 in a research report on Thursday. Mizuho raised their target price on shares of Regency Centers from $67.00 to $73.00 and gave the stock an "outperform" rating in a research note on Monday, August 19th. Finally, Truist Financial increased their price objective on shares of Regency Centers from $70.00 to $78.00 and gave the stock a "buy" rating in a research note on Friday, August 16th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $76.20.

Regency Centers Price Performance

Shares of REG traded up $0.78 during midday trading on Monday, hitting $72.23. 947,063 shares of the company traded hands, compared to its average volume of 1,124,733. Regency Centers Co. has a 52 week low of $56.29 and a 52 week high of $75.26. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a 50 day moving average of $70.81 and a 200-day moving average of $64.11. The stock has a market cap of $13.35 billion, a price-to-earnings ratio of 35.14, a PEG ratio of 4.52 and a beta of 1.21.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its earnings results on Thursday, August 1st. The company reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $1.02 by ($0.48). The firm had revenue of $357.25 million for the quarter, compared to the consensus estimate of $361.56 million. Regency Centers had a net margin of 27.60% and a return on equity of 5.63%. During the same quarter in the prior year, the company posted $1.03 earnings per share. On average, analysts forecast that Regency Centers Co. will post 4.23 EPS for the current fiscal year.

Regency Centers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 12th will be given a $0.67 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $2.68 annualized dividend and a yield of 3.71%. Regency Centers's dividend payout ratio is currently 130.73%.

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.