$0.92 EPS Expected for Regency Centers Corp (REG) This Quarter

Wall Street analysts forecast that Regency Centers Corp (NYSE:REG) will post earnings of $0.92 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Regency Centers’ earnings, with the lowest EPS estimate coming in at $0.90 and the highest estimate coming in at $0.95. Regency Centers posted earnings of $0.86 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 7%. The firm is expected to announce its next quarterly earnings results after the market closes on Thursday, February 8th.

On average, analysts expect that Regency Centers will report full-year earnings of $3.70 per share for the current fiscal year, with EPS estimates ranging from $3.68 to $3.71. For the next financial year, analysts forecast that the firm will post earnings of $3.82 per share, with EPS estimates ranging from $3.77 to $3.84. Zacks’ EPS averages are an average based on a survey of analysts that that provide coverage for 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 Thomson Reuters’ consensus estimate of $0.91 by $0.04. Regency Centers had a return on equity of 2.82% and a net margin of 17.59%. The firm had revenue of $262.14 million during the quarter, compared to analyst estimates of $254.04 million. During the same period in the previous year, the company earned $0.81 EPS.

REG has been the subject of several analyst reports. Boenning Scattergood restated a “hold” rating on shares of Regency Centers in a report on Monday, November 6th. Jefferies Group set a $71.00 price target on Regency Centers and gave the stock a “hold” rating in a report on Friday, January 12th. Zacks Investment Research lowered Regency Centers from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Robert W. Baird reiterated a “buy” rating on shares of Regency Centers in a report on Friday, November 3rd. Finally, BMO Capital Markets set a $68.00 price target on Regency Centers and gave the stock a “hold” rating in a report on Thursday, January 11th. Seven research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Regency Centers presently has a consensus rating of “Buy” and a consensus target price of $71.23.

Shares of Regency Centers (REG) opened at $63.77 on Friday. Regency Centers has a 1-year low of $58.63 and a 1-year high of $72.05. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $10,825.83, a P/E ratio of 70.86, a P/E/G ratio of 2.09 and a beta of 0.58.

In other news, CAO J Christian Leavitt sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $67.61, for a total transaction of $135,220.00. Following the completion of the transaction, the chief accounting officer now directly owns 14,314 shares in the company, valued at $967,769.54. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Vice Chairman Chaim Katzman sold 47,230 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $64.32, for a total value of $3,037,833.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 271,315 shares of company stock valued at $17,652,035. Corporate insiders own 12.66% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of REG. IHT Wealth Management LLC acquired a new position in shares of Regency Centers in the second quarter valued at $124,000. Perigon Wealth Management LLC raised its stake in shares of Regency Centers by 93.2% in the second quarter. Perigon Wealth Management LLC now owns 2,125 shares of the real estate investment trust’s stock valued at $133,000 after purchasing an additional 1,025 shares in the last quarter. Advisor Group Inc. raised its stake in shares of Regency Centers by 15.6% in the second quarter. Advisor Group Inc. now owns 2,999 shares of the real estate investment trust’s stock valued at $188,000 after purchasing an additional 404 shares in the last quarter. Riverhead Capital Management LLC raised its stake in shares of Regency Centers by 342.9% in the second quarter. Riverhead Capital Management LLC now owns 3,100 shares of the real estate investment trust’s stock valued at $194,000 after purchasing an additional 2,400 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new position in shares of Regency Centers in the third quarter valued at $219,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

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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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