M&T Bank Corp Has $2.13 Million Stock Position in Regency Centers Co. (NASDAQ:REG)

M&T Bank Corp grew its position in Regency Centers Co. (NASDAQ:REG) by 3.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 28,803 shares of the company’s stock after buying an additional 1,007 shares during the period. M&T Bank Corp’s holdings in Regency Centers were worth $2,130,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in REG. Heck Capital Advisors LLC acquired a new stake in shares of Regency Centers in the 4th quarter valued at $26,000. National Pension Service acquired a new stake in shares of Regency Centers in the 4th quarter valued at $27,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Regency Centers in the 4th quarter valued at $54,000. Venturi Wealth Management LLC increased its stake in shares of Regency Centers by 4,400.0% in the 4th quarter. Venturi Wealth Management LLC now owns 855 shares of the company’s stock valued at $63,000 after buying an additional 836 shares during the period. Finally, Quest Partners LLC increased its stake in shares of Regency Centers by 84.8% in the 3rd quarter. Quest Partners LLC now owns 937 shares of the company’s stock valued at $68,000 after buying an additional 430 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

Regency Centers Stock Performance

REG stock opened at $73.96 on Monday. The business’s 50-day moving average price is $72.92 and its two-hundred day moving average price is $73.00. The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. The firm has a market cap of $13.41 billion, a PE ratio of 34.89, a P/E/G ratio of 3.75 and a beta of 1.23. Regency Centers Co. has a 1-year low of $56.51 and a 1-year high of $78.18.

Regency Centers (NASDAQ:REG) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.61. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. As a group, research analysts forecast that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a $0.705 dividend. This represents a $2.82 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend is Wednesday, March 12th. Regency Centers’s dividend payout ratio is 133.02%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on REG shares. Evercore ISI reduced their price target on Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 24th. BTIG Research raised their price target on Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Mizuho raised their price target on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company reduced their price target on Regency Centers from $81.00 to $80.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $78.08.

Insider Buying and Selling at Regency Centers

In related news, CEO Lisa Palmer sold 25,000 shares of Regency Centers stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $73.26, for a total value of $1,831,500.00. Following the sale, the chief executive officer now owns 139,923 shares of the company’s stock, valued at approximately $10,250,758.98. The trade was a 15.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael J. Mas sold 20,000 shares of Regency Centers stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $73.60, for a total value of $1,472,000.00. Following the completion of the sale, the chief financial officer now directly owns 54,020 shares in the company, valued at approximately $3,975,872. This represents a 27.02 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Regency Centers Company 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.