Regency Centers Corporation (REG) Expected to Post Earnings of $0.92 Per Share

Equities analysts expect Regency Centers Corporation (NYSE:REG) to report earnings of $0.92 per share for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Regency Centers’ earnings, with estimates ranging from $0.90 to $0.94. Regency Centers posted earnings of $0.53 per share during the same quarter last year, which would indicate a positive year over year growth rate of 73.6%. The business is scheduled to report its next earnings report after the market closes on Thursday, February 8th.

According to Zacks, analysts expect that Regency Centers will report full year earnings of $3.68 per share for the current year, with EPS estimates ranging from $3.65 to $3.70. For the next year, analysts anticipate that the firm will post earnings of $3.83 per share, with EPS estimates ranging from $3.81 to $3.85. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Regency Centers.

Regency Centers (NYSE:REG) last released its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. The business had revenue of $262.14 million for the quarter, compared to analysts’ expectations of $254.04 million. Regency Centers had a return on equity of 2.82% and a net margin of 17.59%. During the same period in the previous year, the business posted $0.81 earnings per share.

A number of analysts have weighed in on REG shares. Zacks Investment Research upgraded Regency Centers from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research report on Thursday, September 14th. BMO Capital Markets started coverage on Regency Centers in a research report on Monday, September 11th. They issued a “market perform” rating and a $65.00 price target on the stock. Jefferies Group cut Regency Centers from a “buy” rating to a “hold” rating and lowered their price target for the company from $74.00 to $67.00 in a research report on Friday, September 15th. Boenning Scattergood restated a “hold” rating on shares of Regency Centers in a report on Monday, November 6th. Finally, Argus decreased their target price on Regency Centers from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Thursday, August 31st. Eight research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $70.77.

Regency Centers (NYSE REG) traded up $0.80 on Friday, hitting $70.00. The stock had a trading volume of 1,800,588 shares, compared to its average volume of 745,300. Regency Centers has a 1-year low of $58.63 and a 1-year high of $72.05. The company has a market capitalization of $11,911.10, a PE ratio of 19.24, a PEG ratio of 2.36 and a beta of 0.58. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.53.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 15th were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 3.03%. The ex-dividend date was Tuesday, November 14th. Regency Centers’s payout ratio is 235.56%.

In other Regency Centers news, VP James D. Thompson sold 14,983 shares of the stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $68.45, for a total value of $1,025,586.35. Following the transaction, the vice president now owns 48,976 shares of the company’s stock, valued at $3,352,407.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO J Christian Leavitt sold 2,000 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $67.61, for a total value of $135,220.00. Following the completion of the transaction, the chief accounting officer now directly owns 14,314 shares in the company, valued at approximately $967,769.54. The disclosure for this sale can be found here. Insiders sold 21,483 shares of company stock worth $1,169,356 in the last three months. Insiders own 12.66% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. IHT Wealth Management LLC acquired a new stake in shares of Regency Centers during the second quarter worth about $124,000. Perigon Wealth Management LLC raised its position in shares of Regency Centers by 93.2% during the second quarter. Perigon Wealth Management LLC now owns 2,125 shares of the real estate investment trust’s stock worth $133,000 after purchasing an additional 1,025 shares during the period. Global X Management Co. LLC acquired a new stake in shares of Regency Centers during the second quarter worth about $179,000. Advisor Group Inc. raised its position in shares of Regency Centers by 15.6% during the second quarter. Advisor Group Inc. now owns 2,999 shares of the real estate investment trust’s stock worth $188,000 after purchasing an additional 404 shares during the period. Finally, Riverhead Capital Management LLC raised its position in shares of Regency Centers by 342.9% during the second quarter. Riverhead Capital Management LLC now owns 3,100 shares of the real estate investment trust’s stock worth $194,000 after purchasing an additional 2,400 shares during the period. 92.49% of the stock is currently owned by hedge funds and other institutional investors.

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Regency Centers 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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Earnings History and Estimates for Regency Centers (NYSE:REG)

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