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

A number of brokerages have recently issued reports on REG. Zacks Investment Research upgraded Regency Centers Corp. from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a research report on Tuesday, July 5th. Royal Bank Of Canada increased their target price on Regency Centers Corp. from $82.00 to $91.00 and gave the company a “top pick” rating in a research report on Friday, August 5th. RBC Capital Markets reiterated a “top pick” rating and set a $91.00 target price (up previously from $82.00) on shares of Regency Centers Corp. in a research report on Friday, August 5th. Jefferies Group began coverage on Regency Centers Corp. in a research report on Thursday, June 30th. They set a “hold” rating and a $78.00 target price on the stock. Finally, Boenning Scattergood began coverage on Regency Centers Corp. in a research report on Tuesday, June 28th. They set a “neutral” rating on the stock. Eleven research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $76.92.

The stock has a 50 day moving average price of $82.59 and a 200 day moving average price of $76.74. The company has a market capitalization of $7.99 billion and a price-to-earnings ratio of 50.66.

Regency Centers Corp. (NYSE:REG) last released its 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 last year, the business posted $0.75 earnings per share. On average, analysts anticipate that Regency Centers Corp. will post $3.21 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Wednesday, August 17th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date is Monday, August 15th.

In related news, VP James D. Thompson sold 3,500 shares of the company’s stock in a transaction on Friday, June 3rd. The stock was sold at an average price of $78.00, for a total transaction of $273,000.00. Following the transaction, the vice president now owns 59,654 shares of the company’s stock, valued at $4,653,012. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP James D. Thompson sold 4,000 shares of the company’s stock in a transaction on Thursday, June 9th. The stock was sold at an average price of $79.75, for a total value of $319,000.00. Following the transaction, the vice president now directly owns 55,654 shares in the company, valued at approximately $4,438,406.50. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have made changes to their positions in REG. KBC Group NV raised its position 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 worth $3,113,000 after buying an additional 247 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Regency Centers Corp. by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,190,838 shares of the real estate investment trust’s stock worth $81,122,000 after buying an additional 21,331 shares in the last quarter. Eaton Vance Management raised 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. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its position 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 worth $1,670,000 after buying an additional 1,089 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Regency Centers Corp. by 1.5% in the fourth quarter. Principal Financial Group Inc. now owns 490,336 shares of the real estate investment trust’s stock worth $33,402,000 after buying an additional 7,384 shares in 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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