TD Asset Management Inc. boosted its stake in shares of Regency Centers Corp (NYSE:REG) by 979.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 65,437 shares of the real estate investment trust’s stock after buying an additional 59,375 shares during the period. TD Asset Management Inc. owned about 0.06% of Regency Centers Corp worth $4,344,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Riverhead Capital Management LLC boosted its position in shares of Regency Centers Corp by 161.4% in the third quarter. Riverhead Capital Management LLC now owns 2,300 shares of the real estate investment trust’s stock valued at $178,000 after buying an additional 1,420 shares in the last quarter. Baldwin Brothers Inc. MA bought a new position in Regency Centers Corp during the first quarter worth approximately $189,000. Tyers Asset Management LLC bought a new position in Regency Centers Corp during the fourth quarter worth approximately $230,000. Pacad Investment Ltd. bought a new position in Regency Centers Corp during the fourth quarter worth approximately $241,000. Finally, Hartford Investment Management Co. bought a new position in Regency Centers Corp during the third quarter worth approximately $243,000. 98.46% of the stock is owned by institutional investors.
Regency Centers Corp (NYSE:REG) traded down 0.6084% during trading on Friday, reaching $62.0999. The company’s stock had a trading volume of 190,696 shares. The stock has a market capitalization of $10.54 billion, a PE ratio of 107.0688 and a beta of 0.58. The stock has a 50 day moving average price of $63.85 and a 200 day moving average price of $66.99. Regency Centers Corp has a 1-year low of $58.63 and a 1-year high of $85.35.
Regency Centers Corp (NYSE:REG) last released its quarterly earnings results on Tuesday, May 9th. The real estate investment trust reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.07. Regency Centers Corp had a return on equity of 8.04% and a net margin of 25.88%. The company had revenue of $189.43 million during the quarter, compared to analysts’ expectations of $185.43 million. During the same period in the previous year, the firm posted $0.86 earnings per share. Analysts anticipate that Regency Centers Corp will post $1.28 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Monday, May 22nd will be given a $0.53 dividend. This is an increase from Regency Centers Corp’s previous quarterly dividend of $0.51. The ex-dividend date is Thursday, May 18th. This represents a $2.12 annualized dividend and a dividend yield of 3.39%. Regency Centers Corp’s dividend payout ratio is presently 140.85%.
WARNING: This report was first reported by BBNS and is owned by of BBNS. If you are accessing this report on another website, it was stolen and republished in violation of United States & international trademark and copyright legislation. The legal version of this report can be viewed at https://baseballnewssource.com/markets/regency-centers-corp-reg-position-raised-by-td-asset-management-inc/849897.html.
A number of research firms have commented on REG. Jefferies Group LLC reissued a “hold” rating and issued a $72.00 price target on shares of Regency Centers Corp in a research note on Monday, April 24th. Zacks Investment Research cut shares of Regency Centers Corp from a “buy” rating to a “hold” rating in a research note on Friday, February 17th. TheStreet cut shares of Regency Centers Corp from a “b” rating to a “c” rating in a research note on Tuesday, May 9th. Citigroup Inc reissued a “neutral” rating and issued a $72.00 price target on shares of Regency Centers Corp in a research note on Thursday, March 2nd. Finally, Barclays PLC began coverage on shares of Regency Centers Corp in a research note on Monday, March 6th. They issued an “equal weight” rating and a $72.00 price target for the company. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Regency Centers Corp currently has a consensus rating of “Hold” and an average price target of $75.50.
In related news, insider Lisa Palmer sold 10,000 shares of the business’s stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $66.52, for a total value of $665,200.00. Following the transaction, the insider now owns 36,728 shares in the company, valued at $2,443,146.56. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider H Craig Ramey sold 750 shares of the business’s stock in a transaction dated Thursday, March 30th. The stock was sold at an average price of $66.44, for a total value of $49,830.00. Following the completion of the transaction, the insider now owns 16,817 shares in the company, valued at approximately $1,117,321.48. The disclosure for this sale can be found here. Insiders sold 17,750 shares of company stock valued at $1,147,950 in the last ninety days. Company insiders own 1.80% of the company’s stock.
About Regency Centers Corp
Regency Centers Corporation is a real estate investment trust (REIT). The Company is the general partner of Regency Centers, L.P. (the Operating Partnership). The Company is engaged in the ownership, management, leasing, acquisition and development of retail shopping centers through the Operating Partnership.
Receive News & Ratings for Regency Centers Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regency Centers Corp and related companies with our FREE daily email newsletter.