Toronto Dominion Bank Boosts Stake in Regency Centers Co. (NASDAQ:REG)

Toronto Dominion Bank increased its stake in Regency Centers Co. (NASDAQ:REG - Free Report) by 7.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 89,182 shares of the company's stock after acquiring an additional 6,186 shares during the quarter. Toronto Dominion Bank's holdings in Regency Centers were worth $6,593,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Heck Capital Advisors LLC bought a new stake in Regency Centers during the fourth quarter worth $26,000. National Pension Service purchased a new position in shares of Regency Centers during the 4th quarter valued at $27,000. TD Waterhouse Canada Inc. lifted its holdings in Regency Centers by 48,700.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 488 shares of the company's stock worth $36,000 after purchasing an additional 487 shares in the last quarter. Canada Post Corp Registered Pension Plan purchased a new stake in Regency Centers during the 4th quarter worth about $39,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in Regency Centers during the 4th quarter worth about $54,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on REG shares. Truist Financial increased their price objective on Regency Centers from $78.00 to $79.00 and gave the stock a "buy" rating in a report on Monday, May 19th. Scotiabank decreased their target price on Regency Centers from $76.00 to $75.00 and set a "sector perform" rating on the stock in a research note on Monday, May 12th. Finally, Wells Fargo & Company decreased their target price on 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 issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $78.08.

Insider Activity

In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of Regency Centers stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $72.44, for a total transaction of $301,205.52. Following the completion of the transaction, the insider now owns 33,069 shares in the company, valued at approximately $2,395,518.36. The trade was a 11.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of Regency Centers stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $73.48, for a total value 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. The trade was a 31.20% decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Regency Centers Price Performance

Shares of NASDAQ REG traded down $0.63 during trading hours on Friday, reaching $71.76. 2,067,620 shares of the stock traded hands, compared to its average volume of 1,054,657. The company has a market capitalization of $13.03 billion, a P/E ratio of 33.85, a price-to-earnings-growth ratio of 3.75 and a beta of 1.02. 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 52-week low of $60.00 and a 52-week high of $78.18. The company's 50-day simple moving average is $71.52 and its two-hundred day simple moving average is $72.71.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.01. The business had revenue of $370.35 million for the quarter, compared to analyst estimates of $364.64 million. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. During the same period last year, the company earned $1.08 EPS. Equities research analysts forecast that Regency Centers Co. will post 4.54 EPS for the current year.

Regency Centers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 11th will be paid a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date of this dividend is Wednesday, June 11th. Regency Centers's payout ratio is presently 133.02%.

Regency Centers Company 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.