Wall Street analysts expect Regency Centers Corp (NYSE:REG) to post earnings per share (EPS) of $0.91 for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Regency Centers’ earnings, with the lowest EPS estimate coming in at $0.85 and the highest estimate coming in at $0.95. Regency Centers posted earnings per share of $0.86 during the same quarter last year, which indicates a positive year-over-year growth rate of 5.8%. The company is expected to issue its next quarterly earnings report after the market closes on Thursday, February 8th.

On average, analysts expect that Regency Centers will report full year earnings of $3.70 per share for the current financial year, with EPS estimates ranging from $3.68 to $3.71. For the next fiscal year, analysts forecast that the company will post earnings of $3.78 per share, with EPS estimates ranging from $3.52 to $3.83. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Regency Centers.

A number of equities research analysts recently commented on REG shares. Zacks Investment Research upgraded Regency Centers from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research report on Tuesday, November 7th. Jefferies Group set a $69.00 target price on Regency Centers and gave the stock a “hold” rating in a research report on Friday, December 15th. Boenning Scattergood reissued a “hold” rating on shares of Regency Centers in a research note on Monday, November 6th. SunTrust Banks reissued a “buy” rating and set a $74.00 price objective on shares of Regency Centers in a research note on Friday, December 1st. Finally, BMO Capital Markets set a $68.00 price objective on Regency Centers and gave the stock a “hold” rating in a research note on Thursday, January 11th. Seven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Regency Centers currently has a consensus rating of “Buy” and a consensus price target of $71.29.

Shares of Regency Centers (NYSE:REG) opened at $58.29 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market capitalization of $10,227.04, a PE ratio of 64.77, a P/E/G ratio of 1.99 and a beta of 0.43. Regency Centers has a 52-week low of $58.29 and a 52-week high of $72.05.

In other news, Director Alan Todd Roth sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $69.89, for a total transaction of $174,725.00. Following the transaction, the director now owns 7,453 shares of the company’s stock, valued at $520,890.17. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO J Christian Leavitt sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $67.61, for a total value of $135,220.00. Following 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 have sold 598,762 shares of company stock worth $38,701,922 over the last three months. 12.66% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in shares of Regency Centers by 3.9% during the third quarter. Principal Financial Group Inc. now owns 5,156,883 shares of the real estate investment trust’s stock valued at $319,928,000 after buying an additional 193,020 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Regency Centers by 7.3% during the third quarter. Schwab Charles Investment Management Inc. now owns 1,586,197 shares of the real estate investment trust’s stock valued at $98,408,000 after buying an additional 107,561 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Regency Centers by 3,080.1% during the third quarter. Advisors Asset Management Inc. now owns 7,505 shares of the real estate investment trust’s stock valued at $466,000 after buying an additional 7,269 shares during the last quarter. Honeywell International Inc. grew its stake in shares of Regency Centers by 27.8% during the third quarter. Honeywell International Inc. now owns 56,679 shares of the real estate investment trust’s stock valued at $3,516,000 after buying an additional 12,312 shares during the last quarter. Finally, Swiss National Bank grew its stake in shares of Regency Centers by 1.2% during the third quarter. Swiss National Bank now owns 651,279 shares of the real estate investment trust’s stock valued at $40,405,000 after buying an additional 7,700 shares during the last quarter. 92.11% 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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