Boston Partners Sells 765,039 Shares of Regency Centers Corporation (REG)

Boston Partners reduced its position in Regency Centers Corporation (NYSE:REG) by 19.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,269,585 shares of the real estate investment trust’s stock after selling 765,039 shares during the period. Boston Partners’ holdings in Regency Centers Corporation were worth $204,807,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in REG. Quantitative Systematic Strategies LLC boosted its position in shares of Regency Centers Corporation by 41.5% in the first quarter. Quantitative Systematic Strategies LLC now owns 20,993 shares of the real estate investment trust’s stock worth $1,394,000 after buying an additional 6,154 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Regency Centers Corporation by 46.6% in the first quarter. Nisa Investment Advisors LLC now owns 21,140 shares of the real estate investment trust’s stock worth $1,403,000 after buying an additional 6,720 shares during the period. Duff & Phelps Investment Management Co. boosted its position in shares of Regency Centers Corporation by 7.5% in the first quarter. Duff & Phelps Investment Management Co. now owns 1,103,663 shares of the real estate investment trust’s stock worth $73,272,000 after buying an additional 77,400 shares during the period. DnB Asset Management AS bought a new position in shares of Regency Centers Corporation during the first quarter worth approximately $716,000. Finally, Gateway Investment Advisers LLC boosted its position in shares of Regency Centers Corporation by 96.6% in the first quarter. Gateway Investment Advisers LLC now owns 331,963 shares of the real estate investment trust’s stock worth $22,039,000 after buying an additional 163,130 shares during the period. Institutional investors own 89.37% of the company’s stock.

Regency Centers Corporation (NYSE:REG) opened at 66.41 on Friday. The stock’s 50 day moving average price is $64.13 and its 200 day moving average price is $65.25. The stock has a market capitalization of $11.32 billion, a PE ratio of 110.32 and a beta of 0.56. Regency Centers Corporation has a 1-year low of $58.63 and a 1-year high of $82.44.

Regency Centers Corporation (NYSE:REG) last posted its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.03. The business had revenue of $240.42 million during the quarter, compared to analyst estimates 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 company earned $0.81 EPS. On average, equities research analysts predict that Regency Centers Corporation will post $1.43 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Wednesday, August 16th will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend is Monday, August 14th. Regency Centers Corporation’s payout ratio is 353.34%.

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A number of brokerages have commented on REG. Jefferies Group LLC reaffirmed a “hold” rating and issued a $72.00 price target on shares of Regency Centers Corporation in a research note on Monday, April 24th. 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. BidaskClub raised Regency Centers Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, Barclays PLC decreased their price target on Regency Centers Corporation from $73.00 to $71.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 18th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $74.18.

In related news, insider H Craig Ramey sold 1,048 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $62.17, for a total transaction of $65,154.16. Following the completion of the sale, the insider now directly owns 15,769 shares of the company’s stock, valued at approximately $980,358.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John C. Schweitzer sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $61.13, for a total value of $244,520.00. Following the sale, the director now directly owns 46,694 shares of the company’s stock, valued at $2,854,404.22. The disclosure for this sale can be found here. 12.66% of the stock is owned by company insiders.

Regency Centers Corporation Company Profile

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.

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

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