State of New Jersey Common Pension Fund D continued to hold its position in shares of Regency Centers Corporation (NYSE:REG) during the second quarter, Holdings Channel reports. The firm owned 137,150 shares of the real estate investment trust’s stock at the end of the second quarter. State of New Jersey Common Pension Fund D’s holdings in Regency Centers Corporation were worth $8,591,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Louisiana State Employees Retirement System raised its position in shares of Regency Centers Corporation by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 9,100 shares of the real estate investment trust’s stock valued at $570,000 after buying an additional 100 shares during the period. Public Employees Retirement Association of Colorado raised its position in shares of Regency Centers Corporation by 0.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 34,078 shares of the real estate investment trust’s stock valued at $2,135,000 after buying an additional 118 shares during the period. Somerset Trust Co raised its position in shares of Regency Centers Corporation by 6.7% in the second quarter. Somerset Trust Co now owns 5,968 shares of the real estate investment trust’s stock valued at $373,000 after buying an additional 377 shares during the period. Oakbrook Investments LLC raised its position in shares of Regency Centers Corporation by 11.3% in the first quarter. Oakbrook Investments LLC now owns 6,081 shares of the real estate investment trust’s stock valued at $404,000 after buying an additional 619 shares during the period. Finally, HighTower Advisors LLC raised its position in shares of Regency Centers Corporation by 16.9% in the first quarter. HighTower Advisors LLC now owns 4,910 shares of the real estate investment trust’s stock valued at $326,000 after buying an additional 710 shares during the period. 89.37% of the stock is currently owned by institutional investors and hedge funds.

Shares of Regency Centers Corporation (REG) opened at 66.41 on Friday. Regency Centers Corporation has a one year low of $58.63 and a one year high of $82.44. The company has a market capitalization of $11.32 billion, a P/E ratio of 110.32 and a beta of 0.56. The firm has a 50 day moving average price of $64.13 and a 200 day moving average price of $65.25.

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

The firm 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 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Monday, August 14th. Regency Centers Corporation’s dividend payout ratio is 353.34%.

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Several brokerages have recently issued reports on REG. TheStreet lowered Regency Centers Corporation from a “b” rating to a “c” rating in a research note on Tuesday, May 9th. Jefferies Group LLC reissued a “buy” rating and issued a $74.00 target price on shares of Regency Centers Corporation in a research note on Monday, July 17th. Boenning Scattergood reissued a “hold” rating on shares of Regency Centers Corporation in a research note on Monday. Barclays PLC cut their target price 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. Finally, BidaskClub lowered Regency Centers Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $74.18.

In related news, insider H Craig Ramey sold 1,048 shares of the company’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 transaction, the insider now directly owns 15,769 shares of the company’s stock, valued at approximately $980,358.73. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John C. Schweitzer sold 4,000 shares of the company’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 transaction, the director now directly owns 46,694 shares in the company, valued at $2,854,404.22. The disclosure for this sale can be found here. 12.66% of the stock is owned by 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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