Toronto Dominion Bank Raises Stock Holdings in Regency Centers Co. (NASDAQ:REG)

Toronto Dominion Bank increased its position in Regency Centers Co. (NASDAQ:REG - Free Report) by 7.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 89,182 shares of the company's stock after purchasing 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 reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Siemens Fonds Invest GmbH purchased a new stake in Regency Centers in the fourth quarter worth $170,000. Shell Asset Management Co. grew its stake in Regency Centers by 97.2% in the fourth quarter. Shell Asset Management Co. now owns 34,099 shares of the company's stock worth $2,521,000 after purchasing an additional 16,807 shares during the period. Royal Bank of Canada grew its stake in shares of Regency Centers by 17.8% in the fourth quarter. Royal Bank of Canada now owns 284,696 shares of the company's stock worth $21,048,000 after acquiring an additional 43,023 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of Regency Centers by 54.2% in the fourth quarter. ProShare Advisors LLC now owns 42,752 shares of the company's stock worth $3,161,000 after acquiring an additional 15,032 shares during the last quarter. Finally, Quantinno Capital Management LP grew its stake in shares of Regency Centers by 105.9% in the fourth quarter. Quantinno Capital Management LP now owns 34,515 shares of the company's stock worth $2,552,000 after acquiring an additional 17,755 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Regency Centers Trading Down 2.4%

Shares of NASDAQ:REG opened at $71.34 on Thursday. The company has a market cap of $12.95 billion, a P/E ratio of 33.65, a PEG 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 1 year low of $58.19 and a 1 year high of $78.18. The stock's fifty day moving average price is $71.56 and its 200-day moving average price is $72.80.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $1.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.01. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. The company had revenue of $370.35 million for the quarter, compared to the consensus estimate of $364.64 million. During the same quarter in the prior year, the company earned $1.08 earnings per share. Sell-side analysts expect 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, July 2nd. Shareholders of record on Wednesday, June 11th will be issued a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date is Wednesday, June 11th. Regency Centers's dividend payout ratio is 133.02%.

Insider Buying and Selling at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 50,000 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was 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. This trade represents a 31.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently commented on REG. Wells Fargo & Company cut 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. Scotiabank cut 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, Truist Financial increased their target price on Regency Centers from $78.00 to $79.00 and gave the stock a "buy" rating in a research note on Monday. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Regency Centers has a consensus rating of "Moderate Buy" and a consensus price target of $78.08.

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.

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