Regency Centers (NYSE:REG) updated its FY18 earnings guidance on Thursday. The company provided earnings per share guidance of $3.48-3.54 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.78.
A number of research firms have issued reports on REG. BTIG Research upgraded Regency Centers from a neutral rating to a buy rating and set a $72.00 target price on the stock in a research note on Monday, January 29th. Boenning Scattergood reiterated a hold rating on shares of Regency Centers in a research note on Tuesday, January 16th. Jefferies Group set a $71.00 target price on Regency Centers and gave the company a hold rating in a research note on Friday, January 12th. BMO Capital Markets set a $68.00 target price on Regency Centers and gave the company a hold rating in a research note on Thursday, January 11th. Finally, SunTrust Banks reiterated a buy rating and issued a $74.00 target price on shares of Regency Centers in a research note on Friday, December 1st. Seven investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Regency Centers presently has a consensus rating of Buy and an average target price of $71.29.
Shares of Regency Centers (NYSE REG) traded down $1.95 on Thursday, hitting $55.58. The stock had a trading volume of 1,445,524 shares, compared to its average volume of 1,087,856. The firm has a market capitalization of $9,830.69, a price-to-earnings ratio of 63.02, a price-to-earnings-growth ratio of 1.91 and a beta of 0.43. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.63 and a quick ratio of 0.63. Regency Centers has a 52 week low of $55.58 and a 52 week high of $72.05.
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About Regency Centers
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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