Cbre Clarion Securities LLC trimmed its holdings in Regency Centers Corp (NYSE:REG) by 16.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,599,671 shares of the real estate investment trust’s stock after selling 886,427 shares during the period. Regency Centers accounts for about 3.7% of Cbre Clarion Securities LLC’s holdings, making the stock its 8th biggest holding. Cbre Clarion Securities LLC owned 2.71% of Regency Centers worth $285,548,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Piedmont Investment Advisors LLC acquired a new stake in Regency Centers during the second quarter worth about $107,000. Gideon Capital Advisors Inc. acquired a new stake in Regency Centers during the second quarter worth about $202,000. Brown Advisory Inc. acquired a new stake in shares of Regency Centers during the first quarter valued at about $206,000. WINTON GROUP Ltd acquired a new stake in shares of Regency Centers during the first quarter valued at about $207,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of Regency Centers during the second quarter valued at about $239,000. Institutional investors and hedge funds own 93.71% of the company’s stock.

NYSE REG opened at $65.78 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.58. Regency Centers Corp has a one year low of $54.87 and a one year high of $70.64. The company has a market capitalization of $11.19 billion, a PE ratio of 17.57, a price-to-earnings-growth ratio of 2.48 and a beta of 0.46.

Regency Centers (NYSE:REG) last posted its quarterly earnings data 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 net margin of 22.90% and a return on equity of 3.83%. The business had revenue of $274.53 million during the quarter, compared to analysts’ expectations of $269.18 million. During the same period in the previous year, the business posted $0.93 EPS. equities research analysts anticipate that Regency Centers Corp will post 3.79 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 29th. Stockholders of record on Wednesday, August 15th were paid a $0.555 dividend. This represents a $2.22 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend was Tuesday, August 14th. Regency Centers’s payout ratio is 60.16%.

In other news, insider H Craig Ramey sold 1,365 shares of the firm’s stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $63.27, for a total value of $86,363.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Dan M. Chandler III sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $63.35, for a total transaction of $158,375.00. Following the completion of the transaction, the vice president now directly owns 885 shares of the company’s stock, valued at approximately $56,064.75. The disclosure for this sale can be found here. In the last three months, insiders sold 6,165 shares of company stock valued at $394,584. Insiders own 1.10% of the company’s stock.

A number of brokerages have weighed in on REG. ValuEngine upgraded shares of Regency Centers from a “sell” rating to a “hold” rating in a research report on Friday, June 22nd. Deutsche Bank upgraded shares of Regency Centers from a “hold” rating to a “buy” rating and lifted their price target for the company from $70.00 to $72.00 in a research report on Tuesday. BMO Capital Markets reiterated a “hold” rating and set a $62.00 price target on shares of Regency Centers in a research report on Thursday, August 2nd. Citigroup lifted their price target on shares of Regency Centers from $66.00 to $67.00 and gave the company a “neutral” rating in a research report on Friday, August 17th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $67.00 price target on shares of Regency Centers in a research report on Wednesday, August 15th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $68.04.

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.

Featured Article: Stock Symbol

Want to see what other hedge funds are holding REG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Regency Centers Corp (NYSE:REG).

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

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