Cibc World Market Inc. Acquires 154,825 Shares of Regency Centers Corporation $REG

Cibc World Market Inc. grew its holdings in Regency Centers Corporation (NASDAQ:REG) by 355.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 198,386 shares of the company’s stock after acquiring an additional 154,825 shares during the period. Cibc World Market Inc. owned 0.11% of Regency Centers worth $13,695,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. grew its position in Regency Centers by 63.1% in the third quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock worth $30,000 after acquiring an additional 157 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in Regency Centers in the second quarter worth approximately $31,000. Hantz Financial Services Inc. grew its position in Regency Centers by 388.9% in the fourth quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock worth $30,000 after acquiring an additional 350 shares in the last quarter. MUFG Securities EMEA plc bought a new stake in Regency Centers in the second quarter worth approximately $34,000. Finally, EverSource Wealth Advisors LLC grew its position in Regency Centers by 233.3% in the second quarter. EverSource Wealth Advisors LLC now owns 570 shares of the company’s stock worth $41,000 after acquiring an additional 399 shares in the last quarter. 96.07% of the stock is owned by institutional investors.

Regency Centers Price Performance

NASDAQ REG opened at $77.72 on Friday. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.72. The company has a fifty day simple moving average of $77.96 and a 200 day simple moving average of $74.46. The company has a market cap of $14.23 billion, a P/E ratio of 26.80, a P/E/G ratio of 3.25 and a beta of 0.81. Regency Centers Corporation has a 1 year low of $66.86 and a 1 year high of $81.66.

Regency Centers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be issued a $0.755 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $3.02 dividend on an annualized basis and a yield of 3.9%. Regency Centers’s dividend payout ratio is 104.14%.

Insiders Place Their Bets

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 274,615 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $78.40, for a total value of $21,529,816.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $79.06, for a total transaction of $626,708.62. Following the completion of the sale, the insider directly owned 33,069 shares of the company’s stock, valued at approximately $2,614,435.14. This trade represents a 19.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 450,032 shares of company stock valued at $35,233,456. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on REG. Truist Financial upped their price objective on shares of Regency Centers from $77.00 to $84.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Barclays upped their price objective on shares of Regency Centers from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Wells Fargo & Company upped their price objective on shares of Regency Centers from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Regency Centers in a report on Friday, May 29th. Finally, Robert W. Baird set a $84.00 price objective on shares of Regency Centers in a report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $82.07.

Regency Centers Company Profile

Regency Centers Corporation is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of grocery-anchored shopping centers. Focused on everyday needs retail, the company’s portfolio is strategically concentrated in high-growth, densely populated markets across the United States. By aligning its properties with essential retailers, Regency Centers delivers stable income streams and drives sustained value for shareholders.

Founded in 1963 and headquartered in Jacksonville, Florida, Regency Centers began as a single shopping center developer before evolving into one of the largest owners of grocery-center real estate.