First Republic Investment Management Inc. bought a new position in shares of Regency Centers Corp (NYSE:REG) in the second quarter, HoldingsChannel.com reports. The firm bought 7,346 shares of the real estate investment trust’s stock, valued at approximately $456,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC boosted its position in shares of Regency Centers by 5.4% in the second quarter. FMR LLC now owns 3,369,276 shares of the real estate investment trust’s stock valued at $209,165,000 after acquiring an additional 172,900 shares during the period. Centersquare Investment Management LLC boosted its position in shares of Regency Centers by 53.0% in the second quarter. Centersquare Investment Management LLC now owns 3,258,097 shares of the real estate investment trust’s stock valued at $202,263,000 after acquiring an additional 1,129,162 shares during the period. Boston Partners boosted its position in shares of Regency Centers by 2.6% in the second quarter. Boston Partners now owns 3,136,700 shares of the real estate investment trust’s stock valued at $194,726,000 after acquiring an additional 78,670 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Regency Centers by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,471,788 shares of the real estate investment trust’s stock valued at $153,451,000 after acquiring an additional 23,087 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Regency Centers by 1.2% in the first quarter. Northern Trust Corp now owns 2,436,191 shares of the real estate investment trust’s stock valued at $143,686,000 after acquiring an additional 27,813 shares during the period. Institutional investors own 93.39% of the company’s stock.

A number of equities analysts have recently commented on REG shares. Wells Fargo & Co raised their price objective on shares of Regency Centers from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Friday, August 10th. Citigroup upgraded shares of Regency Centers from a “neutral” rating to a “buy” rating and raised their price objective for the company from $67.00 to $74.00 in a research report on Friday, September 14th. Jefferies Financial Group restated a “hold” rating and issued a $67.00 price objective on shares of Regency Centers in a research report on Wednesday, August 15th. Deutsche Bank upgraded shares of Regency Centers from a “hold” rating to a “buy” rating and raised their price objective for the company from $70.00 to $72.00 in a research report on Tuesday, August 28th. Finally, BMO Capital Markets restated a “hold” rating and issued a $62.00 price objective on shares of Regency Centers in a research report on Thursday, August 2nd. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $68.55.

In related news, VP Dan M. Chandler III sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $63.35, for a total value of $158,375.00. Following the sale, the vice president now directly owns 885 shares of the company’s stock, valued at $56,064.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider H Craig Ramey sold 1,365 shares of Regency Centers stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $63.27, for a total transaction of $86,363.55. The disclosure for this sale can be found here. Insiders sold 8,260 shares of company stock worth $532,456 over the last ninety days. 1.10% of the stock is currently owned by insiders.

Shares of REG opened at $63.95 on Tuesday. The company has a market capitalization of $11.08 billion, a P/E ratio of 17.33, a P/E/G ratio of 2.46 and a beta of 0.40. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.58. Regency Centers Corp has a 1-year low of $54.87 and a 1-year high of $70.64.

Regency Centers (NYSE:REG) last announced its earnings results on Thursday, August 2nd. The real estate investment trust reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.06). The company had revenue of $274.53 million during the quarter, compared to analysts’ expectations of $269.18 million. Regency Centers had a net margin of 22.90% and a return on equity of 3.83%. During the same period in the prior year, the business earned $0.93 earnings per share. analysts anticipate that Regency Centers Corp will post 3.79 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 29th. Investors of record on Wednesday, August 15th were paid a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend was Tuesday, August 14th. Regency Centers’s dividend payout ratio is currently 60.16%.

About Regency Centers

Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. 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.

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Institutional Ownership by Quarter for Regency Centers (NYSE:REG)

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