Regency Centers (REG) Updates FY19 Earnings Guidance

Regency Centers (NYSE:REG) updated its FY19 earnings guidance on Wednesday. The company provided EPS guidance of $3.83 to $3.89 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.90. Regency Centers also updated its FY 2019 guidance to $3.83-3.89 EPS.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Regency Centers from a buy rating to a hold rating in a research note on Wednesday. Barclays upgraded shares of Regency Centers from an equal weight rating to an overweight rating and increased their price objective for the stock from $63.00 to $69.00 in a research note on Monday, February 4th. Jefferies Financial Group reiterated a hold rating and issued a $66.00 price objective on shares of Regency Centers in a research note on Monday, December 17th. Royal Bank of Canada cut shares of Regency Centers from a top pick rating to an outperform rating and set a $62.30 price objective on the stock. in a research note on Friday, December 14th. Finally, SunTrust Banks reiterated a buy rating and issued a $69.00 price objective on shares of Regency Centers in a research note on Monday, November 19th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Regency Centers has an average rating of Buy and an average target price of $69.03.

NYSE REG traded up $0.15 on Wednesday, reaching $65.48. 795,853 shares of the stock were exchanged, compared to its average volume of 933,305. Regency Centers has a one year low of $55.38 and a one year high of $66.86. The stock has a market cap of $11.14 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 2.50 and a beta of 0.37. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.57.

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About Regency Centers

Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers.

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

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