Regency Centers Corp (NYSE:REG) shares saw strong trading volume on Monday . 69,661 shares changed hands during mid-day trading, a decline of 94% from the previous session’s volume of 1,253,268 shares.The stock last traded at $63.69 and had previously closed at $65.41.

A number of research firms recently commented on REG. BMO Capital Markets set a $65.00 price objective on shares of Regency Centers and gave the company a “hold” rating in a research note on Tuesday. 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 note on Friday, September 14th. ValuEngine upgraded shares of Regency Centers from a “sell” rating to a “hold” rating in a research note on Tuesday, August 28th. 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 note on Tuesday, August 28th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $67.00 price objective on shares of Regency Centers in a research note on Wednesday, August 15th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $68.82.

The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of $11.08 billion, a PE ratio of 17.45, a P/E/G ratio of 2.46 and a beta of 0.40.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 29th. Shareholders of record on Wednesday, August 15th were given a $0.555 dividend. The ex-dividend date of this dividend was Tuesday, August 14th. This represents a $2.22 annualized dividend and a yield of 3.45%. Regency Centers’s dividend payout ratio (DPR) is 60.16%.

In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 2,095 shares of Regency Centers stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $65.81, for a total value of $137,871.95. Following the transaction, the insider now owns 2,086 shares in the company, valued at $137,279.66. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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. In the last 90 days, insiders sold 8,260 shares of company stock worth $532,456. 1.10% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. Duff & Phelps Investment Management Co. boosted its stake in Regency Centers by 0.9% in the 2nd quarter. Duff & Phelps Investment Management Co. now owns 997,963 shares of the real estate investment trust’s stock worth $61,954,000 after purchasing an additional 9,000 shares during the period. Centersquare Investment Management LLC boosted its stake in Regency Centers by 53.0% in the 2nd quarter. Centersquare Investment Management LLC now owns 3,258,097 shares of the real estate investment trust’s stock worth $202,263,000 after purchasing an additional 1,129,162 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Regency Centers by 43.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 83,964 shares of the real estate investment trust’s stock worth $5,212,000 after purchasing an additional 25,373 shares during the period. Millennium Management LLC boosted its stake in Regency Centers by 120.3% in the 2nd quarter. Millennium Management LLC now owns 2,487,328 shares of the real estate investment trust’s stock worth $154,413,000 after purchasing an additional 1,358,035 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in Regency Centers by 1,661.1% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 221,900 shares of the real estate investment trust’s stock worth $13,776,000 after purchasing an additional 209,300 shares during the period. 93.39% of the stock is owned by hedge funds and other institutional investors.

About Regency Centers (NYSE:REG)

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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