Toronto Dominion Bank Has $6.59 Million Stake in Regency Centers Co. (NASDAQ:REG)

Toronto Dominion Bank grew its stake in Regency Centers Co. (NASDAQ:REG - Free Report) by 7.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,182 shares of the company's stock after acquiring an additional 6,186 shares during the period. Toronto Dominion Bank's holdings in Regency Centers were worth $6,593,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in Regency Centers in the 4th quarter valued at about $1,262,425,000. Invesco Ltd. lifted its stake 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 last quarter. Northern Trust Corp lifted its stake in Regency Centers by 64.1% in the 4th quarter. Northern Trust Corp now owns 2,781,614 shares of the company's stock valued at $205,645,000 after purchasing an additional 1,086,797 shares during the last quarter. Prudential Financial Inc. lifted its stake in Regency Centers by 51.7% in the 4th quarter. Prudential Financial Inc. now owns 2,155,589 shares of the company's stock valued at $159,363,000 after purchasing an additional 734,210 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in Regency Centers by 137.2% in the 4th quarter. California Public Employees Retirement System now owns 776,521 shares of the company's stock valued at $57,408,000 after purchasing an additional 449,110 shares during the last quarter. Institutional investors own 96.07% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Truist Financial raised their target price on shares of Regency Centers from $78.00 to $79.00 and gave the company a "buy" rating in a research note on Monday, May 19th. Scotiabank cut their target price on shares of Regency Centers from $76.00 to $75.00 and set a "sector perform" rating for the company in a research note on Monday, May 12th. Finally, Wells Fargo & Company cut their target price on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $78.08.

Regency Centers Price Performance

NASDAQ:REG traded up $0.92 during mid-day trading on Tuesday, reaching $71.93. The stock had a trading volume of 152,323 shares, compared to its average volume of 1,066,181. The stock has a 50-day simple moving average of $71.52 and a two-hundred day simple moving average of $72.74. The stock has a market capitalization of $13.06 billion, a PE ratio of 33.93, a P/E/G ratio of 3.75 and a beta of 1.02. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95. Regency Centers Co. has a 12 month low of $58.19 and a 12 month high of $78.18.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.01. The business had revenue of $370.35 million for the quarter, compared to analysts' expectations of $364.64 million. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. During the same period last year, the firm posted $1.08 earnings per share. On average, equities analysts anticipate that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 11th will be paid a $0.705 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $2.82 dividend on an annualized basis and a yield of 3.92%. Regency Centers's dividend payout ratio (DPR) is 133.02%.

Insider Activity at Regency Centers

In other news, insider Nicholas Andrew Wibbenmeyer sold 4,158 shares of Regency Centers stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $72.44, for a total transaction of $301,205.52. Following 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of Regency Centers stock in a transaction on 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. 1.00% of the stock is currently owned by insiders.

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.