Regency Centers Corporation (NYSE:REG) Stake Lessened by Fiduciary Trust Co.

Fiduciary Trust Co. decreased its position in shares of Regency Centers Corporation (NYSE:REG) by 11.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,477 shares of the real estate investment trust’s stock after selling 1,296 shares during the period. Fiduciary Trust Co.’s holdings in Regency Centers Corporation were worth $656,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Regency Centers Corporation by 59.5% during the 1st quarter. Vanguard Group Inc. now owns 25,851,494 shares of the real estate investment trust’s stock worth $1,716,282,000 after acquiring an additional 9,643,138 shares in the last quarter. BlackRock Inc. boosted its position in shares of Regency Centers Corporation by 4,387.0% during the 1st quarter. BlackRock Inc. now owns 14,817,817 shares of the real estate investment trust’s stock worth $983,755,000 after acquiring an additional 14,487,580 shares in the last quarter. State Street Corp boosted its position in shares of Regency Centers Corporation by 61.9% during the 1st quarter. State Street Corp now owns 8,575,865 shares of the real estate investment trust’s stock worth $569,344,000 after acquiring an additional 3,280,070 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Regency Centers Corporation by 109.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 5,350,352 shares of the real estate investment trust’s stock worth $335,146,000 after acquiring an additional 2,799,040 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Regency Centers Corporation by 0.5% in the second quarter. Principal Financial Group Inc. now owns 4,963,863 shares of the real estate investment trust’s stock valued at $310,932,000 after buying an additional 23,282 shares in the last quarter. Institutional investors and hedge funds own 91.52% of the company’s stock.

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In other Regency Centers Corporation news, Vice Chairman Chaim Katzman sold 1,055,758 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $64.30, for a total transaction of $67,885,239.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mary Lou Fiala sold 7,775 shares of the firm’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 sale, the director now owns 17,145 shares of the company’s stock, valued at $1,127,112.30. The disclosure for this sale can be found here. 12.66% of the stock is owned by company insiders.

A number of analysts have weighed in on the stock. Boenning Scattergood restated a “hold” rating on shares of Regency Centers Corporation in a research report on Monday, August 7th. TheStreet upgraded shares of Regency Centers Corporation from a “c” rating to a “b-” rating in a research report on Thursday, August 3rd. Jefferies Group LLC restated a “buy” rating and issued a $74.00 target price on shares of Regency Centers Corporation in a research report on Monday, July 17th. Zacks Investment Research lowered shares of Regency Centers Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, BidaskClub upgraded shares of Regency Centers Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. One equities 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 company. Regency Centers Corporation has a consensus rating of “Buy” and a consensus target price of $71.54.

Shares of Regency Centers Corporation (NYSE:REG) opened at 62.12 on Friday. The firm has a 50-day moving average of $65.17 and a 200 day moving average of $64.16. The company has a market capitalization of $10.54 billion, a P/E ratio of 103.19 and a beta of 0.56. Regency Centers Corporation has a 1-year low of $58.63 and a 1-year high of $79.96.

Regency Centers Corporation (NYSE:REG) last issued 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 Thomson Reuters’ consensus estimate of $0.90 by $0.03. The company had revenue of $240.42 million during the quarter, compared to analyst estimates of $248.50 million. Regency Centers Corporation had a net margin of 13.19% and a return on equity of 2.20%. During the same period last year, the business earned $0.81 EPS. On average, equities research analysts expect that Regency Centers Corporation will post $0.85 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 30th. Investors of record on Wednesday, August 16th were paid a $0.53 dividend. The ex-dividend date of this dividend was Monday, August 14th. This represents a $2.12 annualized dividend and a dividend yield of 3.41%. Regency Centers Corporation’s payout ratio is 353.34%.

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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