Regency Centers Corp. (NYSE:REG) shares dropped 2.4% on Thursday . The stock traded as low as $80.90 and last traded at $80.91, with a volume of 253,705 shares trading hands. The stock had previously closed at $82.86.

REG has been the topic of several analyst reports. Credit Suisse Group AG reiterated a “hold” rating and issued a $74.00 target price on shares of Regency Centers Corp. in a research note on Thursday, May 5th. Deutsche Bank AG restated a “hold” rating on shares of Regency Centers Corp. in a research note on Sunday, May 22nd. Boenning Scattergood started coverage on Regency Centers Corp. in a research note on Tuesday, June 28th. They issued a “neutral” rating on the stock. Jefferies Group started coverage on Regency Centers Corp. in a research note on Thursday, June 30th. They issued a “hold” rating and a $78.00 price target on the stock. Finally, Zacks Investment Research upgraded Regency Centers Corp. from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a research note on Tuesday, July 5th. Ten equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $76.58.

The company has a market capitalization of $8.04 billion and a P/E ratio of 50.97. The firm has a 50-day moving average price of $82.54 and a 200-day moving average price of $76.66.

Regency Centers Corp. (NYSE:REG) last posted its quarterly earnings results on Tuesday, August 2nd. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.81. During the same period in the previous year, the company posted $0.75 EPS. Equities analysts anticipate that Regency Centers Corp. will post $3.19 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Wednesday, August 17th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Monday, August 15th.

In other Regency Centers Corp. news, VP Dan M. Chandler III sold 2,000 shares of the business’s stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $79.55, for a total transaction of $159,100.00. Following the completion of the sale, the vice president now owns 143 shares of the company’s stock, valued at $11,375.65. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP James D. Thompson sold 4,000 shares of the business’s stock in a transaction dated Thursday, June 9th. The shares were sold at an average price of $79.75, for a total value of $319,000.00. Following the sale, the vice president now directly owns 55,654 shares of the company’s stock, valued at approximately $4,438,406.50. The disclosure for this sale can be found here.

A number of large investors have recently bought and sold shares of the stock. Eaton Vance Management increased its stake in 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 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 last quarter. 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 last quarter. KBC Group NV increased its stake in shares of Regency Centers Corp. by 0.5% in the fourth quarter. KBC Group NV now owns 45,696 shares of the real estate investment trust’s stock valued at $3,113,000 after buying an additional 247 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. increased its stake in shares of Regency Centers Corp. by 7.1% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 69,818 shares of the real estate investment trust’s stock valued at $4,756,000 after buying an additional 4,601 shares during the last quarter.

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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