Regency Centers Corp (NYSE:REG) – Equities researchers at Boenning Scattergood boosted their FY2017 earnings estimates for shares of Regency Centers in a note issued to investors on Tuesday. Boenning Scattergood analyst F. Van. Dijkum now anticipates that the real estate investment trust will post earnings per share of $3.68 for the year, up from their previous estimate of $3.67. Boenning Scattergood has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for Regency Centers’ Q2 2018 earnings at $0.96 EPS, Q4 2018 earnings at $0.96 EPS and Q1 2019 earnings at $0.99 EPS.

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

REG has been the subject of several other research reports. Zacks Investment Research upgraded Regency Centers from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research report on Thursday, September 21st. Robert W. Baird reaffirmed a “buy” rating on shares of Regency Centers in a research note on Friday, November 3rd. SunTrust Banks reaffirmed a “buy” rating and set a $74.00 price target on shares of Regency Centers in a research note on Friday, December 1st. Jefferies Group set a $69.00 price target on shares of Regency Centers and gave the company a “hold” rating in a research note on Friday, December 15th. Finally, BMO Capital Markets set a $68.00 price objective on shares of Regency Centers and gave the stock a “hold” rating in a research note on Thursday, January 11th. Seven equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Regency Centers has a consensus rating of “Buy” and a consensus price target of $71.23.

Regency Centers (NYSE:REG) opened at $63.66 on Wednesday. The firm has a market capitalization of $10,897.28, a PE ratio of 70.73, a PEG ratio of 2.10 and a beta of 0.58. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.53. Regency Centers has a 12-month low of $58.63 and a 12-month high of $72.05.

In other news, Vice Chairman Chaim Katzman sold 204,602 shares of the firm’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $64.90, for a total value of $13,278,669.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP James D. Thompson sold 14,983 shares of the firm’s stock in a transaction on 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 sale, the vice president now owns 48,976 shares in the company, valued at $3,352,407.20. The disclosure for this sale can be found here. Insiders have sold a total of 228,585 shares of company stock valued at $14,622,751 in the last ninety days. 12.66% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in the stock. Parametric Portfolio Associates LLC grew its position in Regency Centers by 15.0% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 282,668 shares of the real estate investment trust’s stock worth $17,537,000 after purchasing an additional 36,907 shares during the last quarter. Public Employees Retirement System of Ohio boosted 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 valued at $14,457,000 after acquiring an additional 2,780 shares in the last quarter. Gyroscope Capital Management Group LLC purchased a new stake in shares of Regency Centers in the third quarter valued at about $308,000. Neuberger Berman Group LLC lifted its stake 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 valued at $10,612,000 after purchasing an additional 14,580 shares during the period. Finally, California Public Employees Retirement System lifted its stake 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 valued at $17,898,000 after purchasing an additional 12,425 shares during the period. Hedge funds and other institutional investors own 92.41% of the company’s stock.

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Regency Centers Company Profile

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 (NYSE:REG)

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