Regency Centers Corp (REG) Updates FY14 Earnings Guidance
Regency Centers Corp (NYSE:REG) issued an update on its FY14 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $2.75-2.80 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.72, StockRatingsNetwork.com reports.
Regency Centers Corp (NYSE:REG) traded up 0.04% during mid-day trading on Wednesday, hitting $53.82. 377,297 shares of the company’s stock traded hands. Regency Centers Corp has a 52 week low of $45.31 and a 52 week high of $56.51. The stock’s 50-day moving average is $55.3 and its 200-day moving average is $52.35. The company has a market cap of $4.948 billion and a P/E ratio of 37.39.
Regency Centers Corp (NYSE:REG) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.71 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.67 by $0.04. During the same quarter in the prior year, the company posted $0.67 earnings per share. On average, analysts predict that Regency Centers Corp will post $2.73 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of Regency Centers Corp from $51.00 to $53.00 in a research note on Monday, July 21st. They now have an equal weight rating on the stock. On a related note, analysts at Deutsche Bank raised their price target on shares of Regency Centers Corp from $51.00 to $55.00 in a research note on Friday, July 11th. They now have a hold rating on the stock. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Regency Centers Corp has an average rating of Hold and an average target price of $53.71.
Regency Centers Corporation, is a real estate investment trust (NYSE:REG) and is the managing general partner in Regency Centers, L.
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