Toronto Dominion Bank Has $5.10 Million Holdings in Regency Centers Co. (NASDAQ:REG)

Toronto Dominion Bank trimmed its position in Regency Centers Co. (NASDAQ:REG) by 18.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 81,993 shares of the company’s stock after selling 18,122 shares during the period. Toronto Dominion Bank’s holdings in Regency Centers were worth $5,100,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of REG. Assenagon Asset Management S.A. raised its position in Regency Centers by 3.3% in the second quarter. Assenagon Asset Management S.A. now owns 4,744 shares of the company’s stock valued at $295,000 after purchasing an additional 152 shares during the last quarter. Naviter Wealth LLC boosted its position in Regency Centers by 2.0% during the 1st quarter. Naviter Wealth LLC now owns 10,901 shares of the company’s stock worth $667,000 after buying an additional 218 shares during the period. V Square Quantitative Management LLC grew its holdings in Regency Centers by 7.6% during the 2nd quarter. V Square Quantitative Management LLC now owns 3,829 shares of the company’s stock worth $238,000 after acquiring an additional 269 shares during the last quarter. SYSTM Wealth Solutions LLC increased its position in Regency Centers by 13.3% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 2,303 shares of the company’s stock valued at $140,000 after acquiring an additional 271 shares during the period. Finally, State of Alaska Department of Revenue raised its stake in shares of Regency Centers by 0.3% during the first quarter. State of Alaska Department of Revenue now owns 104,027 shares of the company’s stock valued at $6,298,000 after acquiring an additional 305 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Insider Buying and Selling

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 25,000 shares of Regency Centers stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $70.00, for a total value of $1,750,000.00. Following the sale, the chairman now owns 307,199 shares of the company’s stock, valued at $21,503,930. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $70.00, for a total value of $1,750,000.00. Following the completion of the sale, the chairman now directly owns 307,199 shares of the company’s stock, valued at $21,503,930. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Michael R. Herman sold 1,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $69.57, for a total value of $69,570.00. Following the transaction, the vice president now directly owns 13,010 shares in the company, valued at approximately $905,105.70. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Regency Centers Trading Up 0.7 %

REG opened at $71.45 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65. The company has a fifty day moving average price of $70.81 and a two-hundred day moving average price of $64.09. The company has a market cap of $13.20 billion, a P/E ratio of 34.85, a price-to-earnings-growth ratio of 4.52 and a beta of 1.21. Regency Centers Co. has a 1-year low of $56.29 and a 1-year high of $75.26.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.48). The business had revenue of $357.25 million during the quarter, compared to analyst estimates of $361.56 million. Regency Centers had a net margin of 27.60% and a return on equity of 5.63%. During the same period in the previous year, the business posted $1.03 EPS. Analysts predict that Regency Centers Co. will post 4.23 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date is Thursday, September 12th. Regency Centers’s dividend payout ratio is 130.73%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Truist Financial boosted their price objective on shares of Regency Centers from $70.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Evercore ISI cut Regency Centers from an “outperform” rating to an “inline” rating and increased their price target for the company from $72.00 to $75.00 in a research note on Monday, September 16th. JPMorgan Chase & Co. lifted their price objective on Regency Centers from $71.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft downgraded shares of Regency Centers from a “buy” rating to a “hold” rating and increased their target price for the company from $70.00 to $75.00 in a research report on Thursday. Finally, Scotiabank boosted their price target on shares of Regency Centers from $65.00 to $75.00 and gave the stock a “sector perform” rating in a research report on Monday, August 26th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Regency Centers presently has an average rating of “Moderate Buy” and an average target price of $76.20.

Regency Centers 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.