SunTrust Banks Equities Analysts Lower Earnings Estimates for Regency Centers Corp (REG)

Regency Centers Corp (NYSE:REG) – Research analysts at SunTrust Banks lowered their FY2017 earnings per share estimates for shares of Regency Centers in a research note issued to investors on Monday. SunTrust Banks analyst K. Kim now anticipates that the real estate investment trust will earn $3.69 per share for the year, down from their previous estimate of $3.70. SunTrust Banks has a “Buy” rating and a $74.00 price target on the stock. SunTrust Banks also issued estimates for Regency Centers’ FY2018 earnings at $3.79 EPS and FY2019 earnings at $3.92 EPS.

Other analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Regency Centers from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a research note on Tuesday, October 10th. Robert W. Baird reissued a “buy” rating on shares of Regency Centers in a research note on Friday, November 3rd. Boenning Scattergood reaffirmed a “hold” rating on shares of Regency Centers in a research note on Monday, November 6th. Jefferies Group set a $71.00 price objective on shares of Regency Centers and gave the company a “hold” rating in a research note on Friday, January 12th. Finally, BMO Capital Markets set a $68.00 price objective on shares of Regency Centers and gave the company 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 issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $71.23.

Shares of Regency Centers (NYSE REG) opened at $64.59 on Wednesday. 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 firm has a market cap of $10,939.80, a price-to-earnings ratio of 17.67, a price-to-earnings-growth ratio of 2.13 and a beta of 0.58. Regency Centers has a one year low of $58.63 and a one year high of $72.05.

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

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 value of $1,025,586.35. Following the completion of the transaction, the vice president now directly owns 48,976 shares of the company’s stock, valued at $3,352,407.20. The transaction was disclosed in a legal filing 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 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 of the company’s stock, valued at $967,769.54. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 288,915 shares of company stock valued at $18,779,491. Insiders own 12.66% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in REG. IHT Wealth Management LLC bought a new position in Regency Centers in the second quarter worth about $124,000. Perigon Wealth Management LLC raised its stake in 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 worth $133,000 after buying an additional 1,025 shares in the last quarter. Advisor Group Inc. raised its stake in 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 worth $188,000 after buying an additional 404 shares in the last quarter. Riverhead Capital Management LLC raised its stake in 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 worth $194,000 after buying an additional 2,400 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new position in Regency Centers in the third quarter worth about $219,000. 92.33% of the stock is owned by institutional investors.

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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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