Eaton Vance Management cut its stake in Regency Centers Corporation (NYSE:REG) by 0.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,991 shares of the real estate investment trust’s stock after selling 56 shares during the quarter. Eaton Vance Management’s holdings in Regency Centers Corporation were worth $1,252,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Regency Centers Corporation by 59.5% in the first quarter. Vanguard Group Inc. now owns 25,851,494 shares of the real estate investment trust’s stock worth $1,716,282,000 after purchasing an additional 9,643,138 shares during the last quarter. BlackRock Inc. increased its position in shares of Regency Centers Corporation by 4,387.0% during the first quarter. BlackRock Inc. now owns 14,817,817 shares of the real estate investment trust’s stock valued at $983,755,000 after acquiring an additional 14,487,580 shares during the last quarter. State Street Corp increased its position in shares of Regency Centers Corporation by 61.9% during the first quarter. State Street Corp now owns 8,575,865 shares of the real estate investment trust’s stock valued at $569,344,000 after acquiring an additional 3,280,070 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of Regency Centers Corporation by 109.7% during the second quarter. Daiwa Securities Group Inc. now owns 5,350,352 shares of the real estate investment trust’s stock valued at $335,146,000 after acquiring an additional 2,799,040 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Regency Centers Corporation by 0.5% during the second quarter. Principal Financial Group Inc. now owns 4,963,863 shares of the real estate investment trust’s stock valued at $310,932,000 after acquiring an additional 23,282 shares during the last quarter. 91.52% of the stock is owned by hedge funds and other institutional investors.

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In other Regency Centers Corporation news, Director Mary Lou Fiala sold 7,775 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $65.74, for a total transaction of $511,128.50. Following the completion of the sale, the director now directly owns 17,145 shares in the company, valued at approximately $1,127,112.30. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Vice Chairman Chaim Katzman sold 1,055,758 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $64.30, for a total transaction of $67,885,239.40. The disclosure for this sale can be found here. 12.66% of the stock is currently owned by insiders.

Shares of Regency Centers Corporation (NYSE:REG) opened at 62.42 on Friday. The firm has a 50-day moving average price of $65.17 and a 200-day moving average price of $64.16. The stock has a market capitalization of $10.60 billion, a P/E ratio of 103.69 and a beta of 0.56. Regency Centers Corporation has a 52-week low of $58.63 and a 52-week high of $79.96.

Regency Centers Corporation (NYSE:REG) last announced its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.03. The business had revenue of $240.42 million during the quarter, compared to analyst estimates of $248.50 million. Regency Centers Corporation had a net margin of 13.19% and a return on equity of 2.20%. During the same period in the previous year, the business earned $0.81 EPS. On average, analysts predict that Regency Centers Corporation will post $0.85 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Shareholders of record on Wednesday, August 16th were paid a dividend of $0.53 per share. The ex-dividend date was Monday, August 14th. This represents a $2.12 dividend on an annualized basis and a yield of 3.39%. Regency Centers Corporation’s dividend payout ratio is presently 353.34%.

REG has been the subject of a number of research analyst reports. Jefferies Group LLC raised Regency Centers Corporation from a “hold” rating to a “buy” rating and increased their price target for the company from $72.00 to $74.00 in a research report on Friday, June 16th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $70.00 price target on shares of Regency Centers Corporation in a research report on Monday, June 19th. Citigroup Inc. reaffirmed a “neutral” rating and set a $67.00 price target (down from $70.00) on shares of Regency Centers Corporation in a research report on Monday, July 10th. Robert W. Baird reaffirmed a “buy” rating and set a $72.00 price target on shares of Regency Centers Corporation in a research report on Thursday, August 24th. Finally, Boenning Scattergood downgraded Regency Centers Corporation from a “neutral” rating to an “under perform” rating and set a $62.50 price target for the company. in a research report on Tuesday, September 12th. One analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $71.54.

Regency Centers Corporation Company Profile

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.

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

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