Robert W. Baird reiterated their buy rating on shares of Regency Centers Corporation (NYSE:REG) in a report released on Thursday morning. Robert W. Baird currently has a $72.00 target price on the real estate investment trust’s stock.

Several other research firms also recently issued reports on REG. TheStreet raised Regency Centers Corporation from a c rating to a b- rating in a research note on Thursday, August 3rd. Boenning Scattergood reaffirmed a hold rating on shares of Regency Centers Corporation in a research note on Monday, August 7th. BidaskClub raised Regency Centers Corporation from a hold rating to a buy rating in a research note on Tuesday, August 1st. Royal Bank Of Canada raised Regency Centers Corporation from an outperform rating to a top pick rating and lifted their price target for the stock from $72.00 to $75.00 in a research note on Thursday, August 17th. Finally, Citigroup Inc. set a $70.00 price target on Regency Centers Corporation and gave the stock a hold rating in a research note on Monday, August 14th. 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’s stock. The stock presently has an average rating of Buy and a consensus price target of $74.30.

Shares of Regency Centers Corporation (NYSE:REG) opened at 65.75 on Thursday. The company has a market capitalization of $11.16 billion, a P/E ratio of 109.22 and a beta of 0.56. The stock’s 50 day moving average is $65.02 and its 200 day moving average is $64.90. 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 released its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.03. The business had revenue of $240.42 million during the quarter, compared to the consensus estimate 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 previous year, the company posted $0.81 EPS. On average, equities analysts predict that Regency Centers Corporation will post $0.92 EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Investors 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 payout ratio is 353.34%.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased 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 worth $983,755,000 after buying an additional 14,487,580 shares in the last quarter. Vanguard Group Inc. increased 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 worth $1,716,282,000 after buying an additional 9,643,138 shares in the last quarter. State Street Corp increased 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 worth $569,344,000 after buying an additional 3,280,070 shares in the last quarter. Daiwa Securities Group Inc. increased 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 worth $335,146,000 after buying an additional 2,799,040 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in 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 worth $328,071,000 after buying an additional 2,231,928 shares in the last quarter. 91.52% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Regency Centers Corporation (NYSE:REG)

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