Analysts expect that Regency Centers Corp (NYSE:REG) will report earnings of $0.92 per share for the current quarter, Zacks reports. Six analysts have made estimates for Regency Centers’ earnings, with the highest EPS estimate coming in at $0.94 and the lowest estimate coming in at $0.90. Regency Centers reported earnings per share of $0.53 in the same quarter last year, which would indicate a positive year over year growth rate of 73.6%. The company is expected to report its next earnings report after the market closes on Thursday, February 8th.

According to Zacks, analysts expect that Regency Centers will report full year earnings of $3.69 per share for the current fiscal year, with EPS estimates ranging from $3.67 to $3.70. For the next fiscal year, analysts forecast that the company will report earnings of $3.83 per share, with EPS estimates ranging from $3.81 to $3.85. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Regency Centers.

Regency Centers (NYSE:REG) last posted its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.04. Regency Centers had a net margin of 17.59% and a return on equity of 2.82%. The firm had revenue of $262.14 million for the quarter, compared to analyst estimates of $254.04 million. During the same period in the previous year, the firm posted $0.81 EPS.

A number of equities research analysts have recently commented on REG shares. Zacks Investment Research raised shares of Regency Centers from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research note on Tuesday, October 10th. Boenning Scattergood downgraded shares of Regency Centers from a “neutral” rating to an “under perform” rating and set a $62.50 price objective on the stock. in a report on Tuesday, September 12th. SunTrust Banks restated a “buy” rating and set a $74.00 price objective on shares of Regency Centers in a report on Friday, December 1st. Jefferies Group set a $69.00 price objective on shares of Regency Centers and gave the stock a “hold” rating in a report on Friday, December 15th. Finally, BMO Capital Markets assumed coverage on shares of Regency Centers in a report on Monday, September 11th. They set a “market perform” rating and a $65.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Regency Centers currently has a consensus rating of “Hold” and an average price target of $70.77.

In related news, VP James D. Thompson sold 14,983 shares of the stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $68.45, for a total transaction of $1,025,586.35. Following the completion of the transaction, the vice president now owns 48,976 shares in the company, valued at $3,352,407.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO J Christian Leavitt sold 2,000 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $67.61, for a total transaction of $135,220.00. Following the transaction, the chief accounting officer now owns 14,314 shares of the company’s stock, valued at approximately $967,769.54. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,983 shares of company stock valued at $1,344,081. 12.66% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC raised its stake in Regency Centers by 15.0% in the third quarter. Parametric Portfolio Associates LLC now owns 282,668 shares of the real estate investment trust’s stock valued at $17,537,000 after purchasing an additional 36,907 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Regency Centers by 1.2% in the third quarter. Public Employees Retirement System of Ohio now owns 233,034 shares of the real estate investment trust’s stock worth $14,457,000 after purchasing an additional 2,780 shares during the last quarter. Gyroscope Capital Management Group LLC bought a new position in shares of Regency Centers in the third quarter worth approximately $308,000. Neuberger Berman Group LLC grew its holdings in shares of Regency Centers by 9.3% in the third quarter. Neuberger Berman Group LLC now owns 171,057 shares of the real estate investment trust’s stock worth $10,612,000 after purchasing an additional 14,580 shares during the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of Regency Centers by 4.5% in the third quarter. California Public Employees Retirement System now owns 288,491 shares of the real estate investment trust’s stock worth $17,898,000 after purchasing an additional 12,425 shares during the last quarter. Institutional investors own 92.36% of the company’s stock.

Regency Centers (REG) traded up $0.36 during trading hours on Wednesday, hitting $69.54. 763,800 shares of the stock were exchanged, compared to its average volume of 715,400. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.63 and a current ratio of 0.63. Regency Centers has a 12 month low of $58.63 and a 12 month high of $72.05. The company has a market cap of $11,768.24, a price-to-earnings ratio of 77.27, a P/E/G ratio of 2.25 and a beta of 0.58.

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

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