Regency Centers Corp (NYSE:REG) – Research analysts at SunTrust Banks lowered their FY2020 EPS estimates for shares of Regency Centers in a research report issued to clients and investors on Monday. SunTrust Banks analyst K. Kim now expects that the real estate investment trust will earn $4.08 per share for the year, down from their previous estimate of $4.10. SunTrust Banks has a “Buy” rating and a $74.00 price target on the stock. SunTrust Banks also issued estimates for Regency Centers’ FY2021 earnings at $4.22 EPS and FY2022 earnings at $4.42 EPS.
Regency Centers (NYSE:REG) last issued its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. The firm had revenue of $262.14 million during the quarter, compared to analyst estimates 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 in the previous year, the company posted $0.81 EPS.
Shares of Regency Centers (NYSE:REG) traded up $0.28 on Tuesday, reaching $64.59. The company’s stock had a trading volume of 853,056 shares, compared to its average volume of 934,367. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market cap of $10,990.00, a price-to-earnings ratio of 71.77, a P/E/G ratio of 2.10 and a beta of 0.58. Regency Centers has a 1 year low of $58.63 and a 1 year high of $72.05.
In other news, VP James D. Thompson sold 14,983 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $68.45, for a total value of $1,025,586.35. Following the transaction, the vice president now owns 48,976 shares in the company, valued at approximately $3,352,407.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Chaim Katzman sold 17,600 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $64.06, for a total value of $1,127,456.00. The disclosure for this sale can be found here. Insiders sold a total of 288,915 shares of company stock worth $18,779,491 in the last 90 days. Company insiders own 12.66% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Strs Ohio boosted its stake in shares of Regency Centers by 3.3% in the 4th quarter. Strs Ohio now owns 205,478 shares of the real estate investment trust’s stock worth $14,214,000 after buying an additional 6,610 shares during the last quarter. APG Asset Management US Inc. lifted its stake in Regency Centers by 1.6% in the fourth quarter. APG Asset Management US Inc. now owns 5,247,000 shares of the real estate investment trust’s stock valued at $362,987,000 after purchasing an additional 84,000 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in Regency Centers by 6.9% in the fourth quarter. State of Alaska Department of Revenue now owns 118,342 shares of the real estate investment trust’s stock valued at $8,184,000 after purchasing an additional 7,650 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in Regency Centers in the fourth quarter valued at approximately $1,364,000. Finally, Schwab Charles Investment Management Inc. lifted its stake in Regency Centers by 6.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,681,275 shares of the real estate investment trust’s stock valued at $116,311,000 after purchasing an additional 95,078 shares during the last quarter. Hedge funds and other institutional investors own 92.33% 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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