Regency Centers Corp. (NYSE:REG) dropped 2.9% on Tuesday . The stock traded as low as $81.51 and last traded at $81.73, with a volume of 1,946,922 shares changing hands. The stock had previously closed at $84.16.

REG has been the topic of several recent research reports. Argus downgraded Regency Centers Corp. from a “buy” rating to a “hold” rating in a report on Thursday, March 17th. Jefferies Group initiated coverage on Regency Centers Corp. in a report on Thursday, June 30th. They set a “hold” rating and a $78.00 price objective on the stock. Zacks Investment Research raised Regency Centers Corp. from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a report on Tuesday, July 5th. Credit Suisse Group AG reissued a “hold” rating and set a $74.00 price objective on shares of Regency Centers Corp. in a report on Thursday, May 5th. Finally, Deutsche Bank AG reissued a “hold” rating on shares of Regency Centers Corp. in a report on Sunday, May 22nd. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Regency Centers Corp. presently has a consensus rating of “Hold” and an average target price of $73.64.

The company’s 50 day moving average price is $79.66 and its 200 day moving average price is $74.51. The stock has a market capitalization of $7.94 billion and a price-to-earnings ratio of 51.53.

Regency Centers Corp. (NYSE:REG) last posted its earnings results on Tuesday, May 3rd. The real estate investment trust reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.07. During the same quarter in the previous year, the business earned $0.74 EPS. On average, equities research analysts anticipate that Regency Centers Corp. will post $3.26 earnings per share for the current fiscal year.

In other Regency Centers Corp. news, CFO Lisa Palmer sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 6th. The shares were sold at an average price of $77.80, for a total transaction of $778,000.00. Following the completion of the transaction, the chief financial officer now owns 27,901 shares of the company’s stock, valued at $2,170,697.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Dan M. Chandler III sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, June 13th. The shares were sold at an average price of $79.55, for a total transaction of $159,100.00. Following the transaction, the vice president now directly owns 143 shares of the company’s stock, valued at approximately $11,375.65. The disclosure for this sale can be found here.

Other institutional investors have made changes to their positions in the company. Eaton Vance Management increased its position in shares of Regency Centers Corp. by 100.0% in the fourth quarter. Eaton Vance Management now owns 15,400 shares of the real estate investment trust’s stock worth $1,049,000 after buying an additional 7,700 shares in the last quarter. Profund Advisors LLC increased its stake in shares of Regency Centers Corp. by 49.0% in the fourth quarter. Profund Advisors LLC now owns 19,033 shares of the real estate investment trust’s stock valued at $1,297,000 after buying an additional 6,255 shares during the period. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake in shares of Regency Centers Corp. by 4.6% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 24,516 shares of the real estate investment trust’s stock valued at $1,670,000 after buying an additional 1,089 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Regency Centers Corp. by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 27,300 shares of the real estate investment trust’s stock valued at $1,860,000 after buying an additional 118 shares during the period. Finally, Gulf International Bank UK Ltd increased its stake in shares of Regency Centers Corp. by 1.0% in the fourth quarter. Gulf International Bank UK Ltd now owns 29,928 shares of the real estate investment trust’s stock valued at $2,039,000 after buying an additional 300 shares during the period.

Regency Centers Corporation is a real estate investment trust (REIT) and the general partner of the Regency Centers, L.P. (Operating Partnership). The Company’s operating, investing and financing activities are performed through the Operating Partnership, its subsidiaries and through its co-investment partnerships.

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