KBC Group NV lowered its stake in shares of Regency Centers Corporation (NYSE:REG) by 64.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,874 shares of the real estate investment trust’s stock after selling 68,109 shares during the period. KBC Group NV’s holdings in Regency Centers Corporation were worth $2,309,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of 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 in the last quarter. Vanguard Group Inc. increased its position 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 valued at $1,716,282,000 after buying an additional 9,643,138 shares in the last quarter. State Street Corp increased its position in shares of 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 in the last quarter. Daiwa Securities Group Inc. increased its position in shares of 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 in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Regency Centers Corporation by 82.4% in the first quarter. Principal Financial Group Inc. now owns 4,940,581 shares of the real estate investment trust’s stock valued at $328,071,000 after buying an additional 2,231,928 shares in the last quarter. 91.52% of the stock is owned by hedge funds and other institutional investors.

Shares of Regency Centers Corporation (NYSE REG) opened at 65.75 on Monday. The stock’s 50 day moving average is $65.02 and its 200 day moving average is $64.90. The firm has a market cap of $11.16 billion, a PE ratio of 109.22 and a beta of 0.56. 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 issued its earnings results 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 business had revenue of $240.42 million during 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 firm 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 will be paid on Wednesday, August 30th. Shareholders of record on Wednesday, August 16th will be paid 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 dividend payout ratio is currently 353.34%.

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Several equities analysts recently issued reports on REG shares. TheStreet downgraded shares of Regency Centers Corporation from a “b” rating to a “c” rating in a report on Tuesday, May 9th. BidaskClub downgraded shares of Regency Centers Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd. Barclays PLC dropped their target price on shares of Regency Centers Corporation from $73.00 to $71.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 18th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $67.00 target price (down from $70.00) on shares of Regency Centers Corporation in a research note on Monday, July 10th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $74.00 target price on shares of Regency Centers Corporation in a research note on Monday, July 17th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Regency Centers Corporation presently has a consensus rating of “Buy” and a consensus target price of $74.30.

In other Regency Centers Corporation news, Director Mary Lou Fiala sold 7,775 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $65.74, for a total value of $511,128.50. Following the completion of the sale, the director now owns 17,145 shares in the company, valued at $1,127,112.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider H Craig Ramey sold 1,048 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 15,769 shares of the company’s stock, valued at approximately $980,358.73. The disclosure for this sale can be found here. 12.66% of the stock is owned by corporate insiders.

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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