Regency Centers Corporation (NYSE:REG) – Boenning Scattergood lifted their FY2017 earnings estimates for Regency Centers Corporation in a note issued to investors on Monday. Boenning Scattergood analyst F. Van. Dijkum now forecasts that the real estate investment trust will post earnings per share of $3.65 for the year, up from their prior estimate of $3.63. Boenning Scattergood currently has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for Regency Centers Corporation’s Q2 2018 earnings at $0.92 EPS and FY2018 earnings at $3.81 EPS.

Regency Centers Corporation (NYSE:REG) last announced its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.03. Regency Centers Corporation had a net margin of 13.19% and a return on equity of 2.20%. The business had revenue of $240.42 million for the quarter, compared to analysts’ expectations of $248.50 million. During the same quarter last year, the firm earned $0.81 EPS.

TRADEMARK VIOLATION NOTICE: “Boenning Scattergood Weighs in on Regency Centers Corporation’s FY2017 Earnings (REG)” was first published by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark legislation. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/08/08/boenning-scattergood-weighs-in-on-regency-centers-corporations-fy2017-earnings-reg.html.

REG has been the topic of a number of other research reports. BidaskClub cut shares of Regency Centers Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, June 22nd. TheStreet upgraded shares of Regency Centers Corporation from a “c” rating to a “b-” rating in a report on Thursday, August 3rd. Jefferies Group LLC restated a “hold” rating and issued a $72.00 price objective on shares of Regency Centers Corporation in a report on Monday, April 24th. Citigroup Inc. restated a “neutral” rating and issued a $67.00 price objective (down previously from $70.00) on shares of Regency Centers Corporation in a report on Monday, July 10th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $70.00 price objective on shares of Regency Centers Corporation in a report on Monday, June 19th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Regency Centers Corporation currently has an average rating of “Hold” and a consensus price target of $74.18.

Regency Centers Corporation (REG) opened at 66.74 on Tuesday. The company has a market cap of $11.33 billion, a PE ratio of 115.07 and a beta of 0.56. The company has a 50-day moving average of $63.19 and a 200 day moving average of $65.32. Regency Centers Corporation has a 12 month low of $58.63 and a 12 month high of $84.21.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Wednesday, August 16th will be paid a $0.53 dividend. The ex-dividend date is Monday, August 14th. This represents a $2.12 annualized dividend and a dividend yield of 3.18%. Regency Centers Corporation’s dividend payout ratio is presently 353.34%.

In other news, Director John C. Schweitzer sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $61.13, for a total value of $244,520.00. Following the transaction, the director now owns 46,694 shares in the company, valued at $2,854,404.22. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider H Craig Ramey sold 1,048 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $62.17, for a total transaction of $65,154.16. Following the completion of the transaction, the insider now owns 15,769 shares in the company, valued at approximately $980,358.73. The disclosure for this sale can be found here. Corporate insiders own 12.66% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of REG. BlackRock Inc. increased its position in shares of Regency Centers Corporation by 4,387.0% in the first quarter. BlackRock Inc. now owns 14,817,817 shares of the real estate investment trust’s stock worth $983,755,000 after buying an additional 14,487,580 shares during the period. Vanguard Group Inc. increased its position in shares of Regency Centers Corporation by 59.5% in the first quarter. Vanguard Group Inc. now owns 25,851,494 shares of the real estate investment trust’s stock worth $1,716,282,000 after buying an additional 9,643,138 shares during the period. State Street Corp increased its position in shares of Regency Centers Corporation by 61.9% in the first quarter. State Street Corp now owns 8,575,865 shares of the real estate investment trust’s stock worth $569,344,000 after buying an additional 3,280,070 shares during the period. Daiwa Securities Group Inc. increased its position in shares of Regency Centers Corporation by 109.7% in the second quarter. Daiwa Securities Group Inc. now owns 5,350,352 shares of the real estate investment trust’s stock worth $335,146,000 after buying an additional 2,799,040 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of Regency Centers Corporation by 82.4% in the first quarter. Principal Financial Group Inc. now owns 4,940,581 shares of the real estate investment trust’s stock worth $328,071,000 after buying an additional 2,231,928 shares during the period. Institutional investors own 89.37% of the company’s stock.

About Regency Centers Corporation

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.

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

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