Franklin Resources Inc. lowered its holdings in shares of Regency Centers Corporation (NYSE:REG) by 11.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 288,954 shares of the real estate investment trust’s stock after selling 35,605 shares during the period. Franklin Resources Inc. owned about 0.17% of Regency Centers Corporation worth $18,100,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Louisiana State Employees Retirement System raised its position in Regency Centers Corporation by 1.1% during the second quarter. Louisiana State Employees Retirement System now owns 9,100 shares of the real estate investment trust’s stock worth $570,000 after acquiring an additional 100 shares during the last quarter. State of Tennessee Treasury Department raised its position in Regency Centers Corporation by 0.3% during the second quarter. State of Tennessee Treasury Department now owns 40,005 shares of the real estate investment trust’s stock worth $2,506,000 after acquiring an additional 110 shares during the last quarter. Public Employees Retirement Association of Colorado raised its position in Regency Centers Corporation by 0.3% during the second quarter. Public Employees Retirement Association of Colorado now owns 34,078 shares of the real estate investment trust’s stock worth $2,135,000 after acquiring an additional 118 shares during the last quarter. Candriam Luxembourg S.C.A. raised its position in Regency Centers Corporation by 0.8% during the second quarter. Candriam Luxembourg S.C.A. now owns 23,414 shares of the real estate investment trust’s stock worth $1,467,000 after acquiring an additional 185 shares during the last quarter. Finally, Pacer Advisors Inc. raised its position in Regency Centers Corporation by 8.5% during the second quarter. Pacer Advisors Inc. now owns 3,682 shares of the real estate investment trust’s stock worth $231,000 after acquiring an additional 290 shares during the last quarter. Institutional investors own 91.52% of the company’s stock.

A number of brokerages have issued reports on REG. Boenning Scattergood restated a “hold” rating on shares of Regency Centers Corporation in a research report on Monday, August 7th. TheStreet upgraded shares of Regency Centers Corporation from a “c” rating to a “b-” rating in a research report on Thursday, August 3rd. BidaskClub upgraded shares of Regency Centers Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Royal Bank Of Canada upgraded shares of Regency Centers Corporation from an “outperform” rating to a “top pick” rating and lifted their target price for the stock from $72.00 to $75.00 in a research report on Thursday, August 17th. Finally, Jefferies Group LLC downgraded shares of Regency Centers Corporation from a “buy” rating to a “hold” rating and lowered their price target for the stock from $74.00 to $67.00 in a report on Friday, September 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $71.54.

In other Regency Centers Corporation news, Director Mary Lou Fiala sold 7,775 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $65.74, for a total transaction of $511,128.50. Following the transaction, the director now owns 17,145 shares in the company, valued at $1,127,112.30. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Vice Chairman Chaim Katzman sold 1,055,758 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $64.30, for a total value of $67,885,239.40. The disclosure for this sale can be found here. Corporate insiders own 12.66% of the company’s stock.

Shares of Regency Centers Corporation (REG) opened at 62.42 on Friday. The firm’s 50-day moving average is $65.17 and its 200 day moving average is $64.16. Regency Centers Corporation has a 1-year low of $58.63 and a 1-year high of $79.96. The stock has a market capitalization of $10.60 billion, a P/E ratio of 103.69 and a beta of 0.56.

Regency Centers Corporation (NYSE:REG) last released its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.03. Regency Centers Corporation had a return on equity of 2.20% and a net margin of 13.19%. The firm had revenue of $240.42 million for the quarter, compared to the consensus estimate of $248.50 million. During the same quarter in the prior year, the company posted $0.81 earnings per share. On average, analysts expect that Regency Centers Corporation will post $0.85 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 30th. Investors of record on Wednesday, August 16th were issued a $0.53 dividend. The ex-dividend date was Monday, August 14th. This represents a $2.12 dividend on an annualized basis and a yield of 3.39%. Regency Centers Corporation’s dividend payout ratio is currently 353.34%.

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Regency Centers Corporation 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.

Institutional Ownership by Quarter for Regency Centers Corporation (NYSE:REG)

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