Sumitomo Mitsui Trust Holdings Inc. lifted its position in Regency Centers Corp (NYSE:REG) by 5.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 611,572 shares of the real estate investment trust’s stock after acquiring an additional 33,378 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.36% of Regency Centers worth $37,966,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Piedmont Investment Advisors LLC purchased a new stake in shares of Regency Centers in the 2nd quarter valued at approximately $107,000. Brown Advisory Inc. acquired a new position in Regency Centers in the 1st quarter valued at approximately $206,000. WINTON GROUP Ltd acquired a new position in Regency Centers in the 1st quarter valued at approximately $207,000. Cullen Frost Bankers Inc. acquired a new position in Regency Centers in the 2nd quarter valued at approximately $239,000. Finally, Advisor Partners LLC acquired a new position in Regency Centers in the 1st quarter valued at approximately $249,000. Institutional investors and hedge funds own 91.61% of the company’s stock.

In other news, insider H Craig Ramey sold 1,365 shares of the stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $63.27, for a total transaction of $86,363.55. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Several research analysts have weighed in on the stock. BMO Capital Markets reiterated a “hold” rating and issued a $62.00 price objective on shares of Regency Centers in a research note on Thursday, August 2nd. Wells Fargo & Co upped their price objective on shares of Regency Centers from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday. TheStreet upgraded shares of Regency Centers from a “c+” rating to a “b-” rating in a research note on Friday, July 27th. ValuEngine upgraded shares of Regency Centers from a “sell” rating to a “hold” rating in a research note on Friday, June 22nd. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Regency Centers in a research note on Wednesday, May 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $68.39.

Shares of Regency Centers opened at $63.25 on Friday, according to MarketBeat.com. Regency Centers Corp has a 12 month low of $54.87 and a 12 month high of $70.64. The firm has a market cap of $10.71 billion, a PE ratio of 16.81, a price-to-earnings-growth ratio of 2.34 and a beta of 0.46. The company has a current ratio of 0.92, a quick ratio of 1.19 and a debt-to-equity ratio of 0.58.

Regency Centers (NYSE:REG) last announced its quarterly earnings results on Thursday, August 2nd. The real estate investment trust reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.06). Regency Centers had a return on equity of 3.83% and a net margin of 22.90%. The business had revenue of $274.53 million for the quarter, compared to analyst estimates of $269.18 million. During the same quarter last year, the company earned $0.93 EPS. equities research analysts forecast that Regency Centers Corp will post 3.79 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 29th. Stockholders of record on Wednesday, August 15th will be paid a dividend of $0.555 per share. The ex-dividend date is Tuesday, August 14th. This represents a $2.22 annualized dividend and a dividend yield of 3.51%. Regency Centers’s dividend payout ratio (DPR) is 60.16%.

About Regency Centers

Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers.

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

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