Alliancebernstein L.P. cut its position in Regency Centers Corporation (NYSE:REG) by 2.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 334,764 shares of the real estate investment trust’s stock after selling 8,702 shares during the quarter. Alliancebernstein L.P. owned 0.20% of Regency Centers Corporation worth $20,970,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in REG. BlackRock Inc. boosted its stake 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 purchasing an additional 14,487,580 shares during the period. Vanguard Group Inc. boosted its stake 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 purchasing an additional 9,643,138 shares during the period. State Street Corp boosted its stake 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 purchasing an additional 3,280,070 shares during the period. Daiwa Securities Group Inc. boosted its stake 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 purchasing an additional 2,799,040 shares during the period. Finally, Principal Financial Group Inc. boosted its stake 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 purchasing an additional 2,231,928 shares during the period. Institutional investors and hedge funds own 91.52% of the company’s stock.

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REG has been the subject of several analyst reports. TheStreet upgraded shares of Regency Centers Corporation from a “c” rating to a “b-” rating in a research note on Thursday, August 3rd. Royal Bank Of Canada restated a “buy” rating and issued a $70.00 target price on shares of Regency Centers Corporation in a research note on Monday, June 19th. Jefferies Group LLC upgraded shares of Regency Centers Corporation from a “hold” rating to a “buy” rating and upped their target price for the company from $72.00 to $74.00 in a research note on Friday, June 16th. BidaskClub upgraded shares of Regency Centers Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, Robert W. Baird restated a “buy” rating and issued a $72.00 target price on shares of Regency Centers Corporation in a research note on Thursday, August 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $71.54.

Shares of Regency Centers Corporation (NYSE:REG) opened at 62.42 on Friday. Regency Centers Corporation has a one year low of $58.63 and a one year high of $79.96. The firm has a market capitalization of $10.60 billion, a PE ratio of 103.69 and a beta of 0.56. The firm’s 50 day moving average is $65.17 and its 200-day moving average is $64.16.

Regency Centers Corporation (NYSE:REG) last issued its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.93 EPS for the quarter, topping the 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 period last year, the business earned $0.81 earnings per share. On average, equities research analysts predict that Regency Centers Corporation will post $0.85 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Investors of record on Wednesday, August 16th were given a $0.53 dividend. The ex-dividend date of this dividend was Monday, August 14th. This represents a $2.12 annualized dividend and a yield of 3.39%. Regency Centers Corporation’s dividend payout ratio (DPR) is currently 353.34%.

In related news, Director Mary Lou Fiala sold 7,775 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 17,145 shares of the company’s stock, valued at $1,127,112.30. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Chaim Katzman sold 1,055,758 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $64.30, for a total value of $67,885,239.40. The disclosure for this sale can be found here. 12.66% of the stock is owned by company 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)

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