Sarasin & Partners LLP decreased its stake in shares of Regency Centers Corporation (NYSE:REG) by 1.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 94,166 shares of the real estate investment trust’s stock after selling 1,647 shares during the period. Sarasin & Partners LLP’s holdings in Regency Centers Corporation were worth $5,899,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Hartford Investment Management Co. purchased a new position in Regency Centers Corporation during the first quarter valued at $2,228,000. Quantitative Systematic Strategies LLC raised its position in Regency Centers Corporation by 41.5% in the first quarter. Quantitative Systematic Strategies LLC now owns 20,993 shares of the real estate investment trust’s stock valued at $1,394,000 after buying an additional 6,154 shares during the period. Nisa Investment Advisors LLC raised its position in Regency Centers Corporation by 46.6% in the first quarter. Nisa Investment Advisors LLC now owns 21,140 shares of the real estate investment trust’s stock valued at $1,403,000 after buying an additional 6,720 shares during the period. Duff & Phelps Investment Management Co. raised its position in Regency Centers Corporation by 7.5% in the first quarter. Duff & Phelps Investment Management Co. now owns 1,103,663 shares of the real estate investment trust’s stock valued at $73,272,000 after buying an additional 77,400 shares during the period. Finally, DnB Asset Management AS purchased a new position in Regency Centers Corporation during the first quarter valued at $716,000. 88.89% of the stock is owned by hedge funds and other institutional investors.

Shares of Regency Centers Corporation (REG) opened at 65.92 on Tuesday. Regency Centers Corporation has a 1-year low of $58.63 and a 1-year high of $82.44. The firm has a market cap of $11.19 billion, a PE ratio of 109.50 and a beta of 0.56. The company has a 50-day moving average of $64.40 and a 200-day moving average of $65.10.

Regency Centers Corporation (NYSE:REG) last released its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.03. The firm had revenue of $240.42 million during the quarter, compared to analysts’ expectations of $248.50 million. Regency Centers Corporation had a return on equity of 2.20% and a net margin of 13.19%. During the same quarter in the prior year, the business posted $0.81 earnings per share. Analysts predict that Regency Centers Corporation will post $1.23 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Wednesday, August 16th will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend is Monday, August 14th. Regency Centers Corporation’s payout ratio is 353.34%.

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Several equities analysts have recently weighed in on the stock. Jefferies Group LLC reaffirmed a “hold” rating and set a $72.00 target price on shares of Regency Centers Corporation in a report on Monday, April 24th. TheStreet raised shares of Regency Centers Corporation from a “c” rating to a “b-” rating in a report on Thursday, August 3rd. Boenning Scattergood reaffirmed a “hold” rating on shares of Regency Centers Corporation in a report on Monday, August 7th. BidaskClub raised shares of Regency Centers Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Finally, Citigroup Inc. set a $70.00 target price on shares of Regency Centers Corporation and gave the company a “hold” rating in a report on Monday. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $74.45.

In other Regency Centers Corporation news, insider H Craig Ramey sold 1,048 shares of the stock in a transaction on Friday, June 9th. The stock was sold at an average price of $62.17, for a total value of $65,154.16. Following the completion of the transaction, the insider now owns 15,769 shares in the company, valued at $980,358.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 12.66% of the company’s stock.

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.

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

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