CIBC Asset Management Inc cut its position in shares of Regency Centers Corporation (NYSE:REG) by 7.3% during the second quarter, Holdings Channel reports. The firm owned 17,215 shares of the real estate investment trust’s stock after selling 1,355 shares during the period. CIBC Asset Management Inc’s holdings in Regency Centers Corporation were worth $1,078,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of REG. Great West Life Assurance Co. Can boosted its position in Regency Centers Corporation by 3.6% in the second quarter. Great West Life Assurance Co. Can now owns 166,708 shares of the real estate investment trust’s stock valued at $10,436,000 after buying an additional 5,866 shares during the period. Resolution Capital Ltd bought a new position in Regency Centers Corporation during the second quarter valued at $47,848,000. Bowling Portfolio Management LLC bought a new position in Regency Centers Corporation during the second quarter valued at $901,000. Public Employees Retirement Association of Colorado boosted its position in 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. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its position in Regency Centers Corporation by 337.0% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 111,584 shares of the real estate investment trust’s stock valued at $6,989,000 after buying an additional 86,048 shares during the period. Institutional investors own 89.37% of the company’s stock.

Shares of Regency Centers Corporation (NYSE:REG) opened at 65.11 on Friday. The firm has a market cap of $11.05 billion, a price-to-earnings ratio of 108.16 and a beta of 0.56. The firm’s 50-day moving average is $64.26 and its 200-day moving average is $65.21. Regency Centers Corporation has a 12-month low of $58.63 and a 12-month high of $82.44.

Regency Centers Corporation (NYSE:REG) last released its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.03. The firm had revenue of $240.42 million during the quarter, compared to the consensus estimate of $248.50 million. Regency Centers Corporation had a net margin of 13.19% and a return on equity of 2.20%. During the same quarter last year, the firm earned $0.81 earnings per share. Analysts predict that Regency Centers Corporation will post $1.43 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Wednesday, August 16th will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend is Monday, August 14th. Regency Centers Corporation’s payout ratio is currently 353.34%.

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Several research analysts recently weighed in on the stock. Jefferies Group LLC restated a “hold” rating and issued a $72.00 price objective on shares of Regency Centers Corporation in a research report on Monday, April 24th. TheStreet upgraded shares of Regency Centers Corporation from a “c” rating to a “b-” rating in a research report on Thursday, August 3rd. Boenning Scattergood restated a “hold” rating on shares of Regency Centers Corporation in a research report on Monday, August 7th. BidaskClub upgraded shares of Regency Centers Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Finally, Barclays PLC dropped their price objective on shares of Regency Centers Corporation from $73.00 to $71.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 18th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $74.18.

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

About Regency Centers Corporation

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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