Regency Centers Corp Expected to Earn FY2018 Earnings of $3.80 Per Share (REG)

Regency Centers Corp (NYSE:REG) – Equities researchers at Jefferies Financial Group issued their FY2018 earnings per share (EPS) estimates for Regency Centers in a report released on Monday, October 29th. Jefferies Financial Group analyst O. Okusanya anticipates that the real estate investment trust will earn $3.80 per share for the year. Jefferies Financial Group currently has a “Hold” rating and a $67.00 target price on the stock. Jefferies Financial Group also issued estimates for Regency Centers’ Q4 2018 earnings at $0.95 EPS, Q1 2019 earnings at $0.96 EPS, Q2 2019 earnings at $0.97 EPS, Q3 2019 earnings at $1.00 EPS, Q4 2019 earnings at $0.98 EPS, FY2019 earnings at $3.92 EPS and FY2020 earnings at $4.13 EPS.

A number of other equities research analysts have also recently issued reports on REG. BMO Capital Markets restated a “hold” rating and set a $62.00 price objective on shares of Regency Centers in a report on Thursday, August 2nd. Citigroup boosted their price target on Regency Centers from $66.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, August 17th. Scotiabank assumed coverage on Regency Centers in a research note on Tuesday, October 16th. They issued a “sector perform” rating for the company. Deutsche Bank upgraded Regency Centers from a “hold” rating to a “buy” rating and boosted their price target for the company from $70.00 to $72.00 in a research note on Tuesday, August 28th. Finally, TheStreet upgraded Regency Centers from a “c+” rating to a “b-” rating in a research note on Friday, July 27th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Regency Centers currently has a consensus rating of “Buy” and a consensus target price of $69.36.

Shares of NYSE:REG opened at $64.89 on Wednesday. Regency Centers has a 12-month low of $54.87 and a 12-month high of $70.64. The company has a market cap of $10.86 billion, a PE ratio of 17.59, a PEG ratio of 2.62 and a beta of 0.41. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.87 and a quick ratio of 0.92.

Regency Centers (NYSE:REG) last issued its quarterly earnings data on Thursday, October 25th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03. Regency Centers had a return on equity of 3.86% and a net margin of 23.19%. The company had revenue of $278.31 million during the quarter, compared to analysts’ expectations of $267.51 million.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nissay Asset Management Corp Japan ADV lifted its stake in Regency Centers by 7.2% during the third quarter. Nissay Asset Management Corp Japan ADV now owns 23,762 shares of the real estate investment trust’s stock worth $1,537,000 after purchasing an additional 1,603 shares during the last quarter. Arizona State Retirement System lifted its stake in Regency Centers by 16.1% during the third quarter. Arizona State Retirement System now owns 41,995 shares of the real estate investment trust’s stock worth $2,716,000 after purchasing an additional 5,822 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in Regency Centers by 326.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 13,770 shares of the real estate investment trust’s stock worth $890,000 after purchasing an additional 10,539 shares during the last quarter. Barings LLC lifted its stake in Regency Centers by 2.7% during the third quarter. Barings LLC now owns 829,699 shares of the real estate investment trust’s stock worth $53,657,000 after purchasing an additional 21,842 shares during the last quarter. Finally, State Treasurer State of Michigan lifted its stake in Regency Centers by 15.8% during the third quarter. State Treasurer State of Michigan now owns 50,500 shares of the real estate investment trust’s stock worth $3,266,000 after purchasing an additional 6,900 shares during the last quarter. Hedge funds and other institutional investors own 93.56% of the company’s stock.

In related news, insider Alan Todd Roth sold 2,300 shares of the business’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $65.15, for a total value of $149,845.00. Following the completion of the sale, the insider now directly owns 8,181 shares in the company, valued at $532,992.15. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Dan M. Chandler III sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $63.35, for a total value of $158,375.00. Following the completion of the sale, the vice president now owns 885 shares of the company’s stock, valued at $56,064.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,260 shares of company stock valued at $532,456. 1.10% of the stock is currently owned by corporate insiders.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 28th. Investors of record on Wednesday, November 14th will be paid a $0.555 dividend. This represents a $2.22 annualized dividend and a dividend yield of 3.42%. The ex-dividend date of this dividend is Tuesday, November 13th. Regency Centers’s dividend payout ratio (DPR) is currently 60.16%.

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.

Recommended Story: The Role of a Fiduciary and Individual Investors

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

Receive News & Ratings for Regency Centers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regency Centers and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply