Westpac Banking Corp decreased its stake in shares of Regency Centers Corporation (NYSE:REG) by 2.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 229,684 shares of the real estate investment trust’s stock after selling 6,107 shares during the period. Westpac Banking Corp owned about 0.14% of Regency Centers Corporation worth $14,387,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of REG. Vanguard Group Inc. raised its position in 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 valued at $1,716,282,000 after buying an additional 9,643,138 shares during the period. BlackRock Inc. raised its position in Regency Centers Corporation by 4,387.0% in 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 buying an additional 14,487,580 shares during the period. State Street Corp raised its position in Regency Centers Corporation by 61.9% in 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 buying an additional 3,280,070 shares during the period. Daiwa Securities Group Inc. raised its position in Regency Centers Corporation by 109.7% in 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 buying an additional 2,799,040 shares during the period. Finally, Principal Financial Group Inc. raised its position in Regency Centers Corporation by 0.5% in 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 buying an additional 23,282 shares during the period. 91.52% of the stock is owned by hedge funds and other institutional investors.

Regency Centers Corporation (NYSE REG) opened at 64.11 on Friday. The stock has a market cap of $10.88 billion, a price-to-earnings ratio of 106.50 and a beta of 0.56. The stock’s 50 day moving average price is $65.25 and its 200 day moving average price is $64.72. Regency Centers Corporation has a 12-month low of $58.63 and a 12-month high of $82.44.

Regency Centers Corporation (NYSE:REG) last posted its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.03. The company had revenue of $240.42 million for the quarter, compared to analyst estimates 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 company earned $0.81 earnings per share. Analysts forecast that Regency Centers Corporation will post $0.92 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Shareholders of record on Wednesday, August 16th were issued a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend was Monday, August 14th. Regency Centers Corporation’s dividend payout ratio (DPR) is 353.34%.

COPYRIGHT VIOLATION WARNING: “Westpac Banking Corp Sells 6,107 Shares of Regency Centers Corporation (REG)” was reported by Watch List News and is the property of of Watch List News. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.watchlistnews.com/westpac-banking-corp-sells-6107-shares-of-regency-centers-corporation-reg/1536026.html.

Several equities analysts have recently weighed in on REG shares. BidaskClub raised shares of Regency Centers Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. 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, August 14th. Barclays PLC reaffirmed an “equal weight” rating and set a $73.00 target price (up from $72.00) on shares of Regency Centers Corporation in a report on Monday, July 10th. Royal Bank Of Canada raised shares of Regency Centers Corporation from an “outperform” rating to a “top pick” rating and lifted their price target for the company from $72.00 to $75.00 in a research note on Thursday, August 17th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $74.00 price target on shares of Regency Centers Corporation in a research note on Monday, July 17th. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Regency Centers Corporation has a consensus rating of “Buy” and a consensus target price of $73.80.

In related news, Director Mary Lou Fiala sold 7,775 shares of the stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $65.74, for a total transaction of $511,128.50. Following the sale, the director now owns 17,145 shares of the company’s stock, valued at $1,127,112.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider H Craig Ramey sold 1,048 shares of the stock in a transaction on Friday, June 9th. The shares were sold at an average price of $62.17, for a total value of $65,154.16. Following the sale, the insider now directly owns 15,769 shares in the company, valued at approximately $980,358.73. The disclosure for this sale can be found here. 12.66% of the stock is currently owned by corporate insiders.

About Regency Centers Corporation

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)

Receive News & Ratings for Regency Centers Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regency Centers Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.