CIBC Asset Management Inc Acquires 78,348 Shares of Regency Centers Corporation $REG

CIBC Asset Management Inc grew its holdings in shares of Regency Centers Corporation (NASDAQ:REG) by 46.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 248,102 shares of the company’s stock after buying an additional 78,348 shares during the quarter. CIBC Asset Management Inc owned approximately 0.14% of Regency Centers worth $18,087,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. CYBER HORNET ETFs LLC acquired a new stake in shares of Regency Centers in the second quarter valued at about $31,000. Steigerwald Gordon & Koch Inc. acquired a new position in Regency Centers during the third quarter valued at approximately $33,000. MUFG Securities EMEA plc bought a new position in Regency Centers in the second quarter valued at approximately $34,000. Financial Consulate Inc. acquired a new position in shares of Regency Centers during the 3rd quarter worth approximately $38,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Regency Centers by 233.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 570 shares of the company’s stock worth $41,000 after purchasing an additional 399 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the company’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $70.02, for a total value of $1,050,300.00. Following the transaction, the chairman directly owned 272,958 shares of the company’s stock, valued at $19,112,519.16. This represents a 5.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

REG has been the subject of several analyst reports. Jefferies Financial Group set a $79.00 target price on shares of Regency Centers in a research note on Monday, December 15th. Mizuho reiterated a “neutral” rating and issued a $74.00 price target (down previously from $77.00) on shares of Regency Centers in a research note on Friday, January 9th. Argus upgraded shares of Regency Centers to a “strong-buy” rating in a research note on Wednesday, November 5th. KeyCorp reaffirmed a “sector weight” rating on shares of Regency Centers in a report on Thursday, December 4th. Finally, UBS Group set a $76.00 price target on Regency Centers in a report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Regency Centers currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.69.

Regency Centers Stock Performance

NASDAQ REG opened at $71.15 on Monday. The firm has a 50-day moving average of $69.57 and a 200-day moving average of $70.68. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a market cap of $13.01 billion, a PE ratio of 32.79, a P/E/G ratio of 2.65 and a beta of 0.93. Regency Centers Corporation has a 52-week low of $63.44 and a 52-week high of $78.18.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $1.15 EPS for the quarter, meeting analysts’ consensus estimates of $1.15. The business had revenue of $387.57 million for the quarter, compared to analyst estimates of $374.83 million. Regency Centers had a net margin of 27.04% and a return on equity of 6.14%. During the same quarter in the prior year, the business earned $1.07 EPS. Regency Centers has set its FY 2025 guidance at 4.620-4.640 EPS. On average, sell-side analysts anticipate that Regency Centers Corporation will post 4.54 EPS for the current year.

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.