Q1 2018 Earnings Forecast for Regency Centers Corp (REG) Issued By Boenning Scattergood

Regency Centers Corp (NYSE:REG) – Boenning Scattergood increased their Q1 2018 earnings estimates for shares of Regency Centers in a report released on Monday. Boenning Scattergood analyst F. Van. Dijkum now anticipates that the real estate investment trust will post earnings of $0.95 per share for the quarter, up from their previous estimate of $0.94. Boenning Scattergood has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for Regency Centers’ Q3 2019 earnings at $1.00 EPS and Q4 2019 earnings at $1.00 EPS.

Several other equities research analysts also recently weighed in on REG. TheStreet downgraded shares of Regency Centers from a “b-” rating to a “c” rating in a research report on Thursday, February 8th. BTIG Research raised shares of Regency Centers from a “neutral” rating to a “buy” rating and set a $72.00 target price for the company in a research report on Monday, January 29th. Jefferies Group set a $71.00 target price on shares of Regency Centers and gave the stock a “hold” rating in a research report on Friday, January 12th. Robert W. Baird reissued a “buy” rating on shares of Regency Centers in a research report on Friday, November 3rd. Finally, Zacks Investment Research downgraded shares of Regency Centers from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Seven investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $71.29.

Regency Centers (NYSE REG) opened at $57.27 on Tuesday. Regency Centers has a 1-year low of $54.87 and a 1-year high of $72.05. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.94 and a quick ratio of 0.63. The company has a market cap of $9,645.26, a price-to-earnings ratio of 65.83, a price-to-earnings-growth ratio of 2.02 and a beta of 0.43.

Regency Centers (NYSE:REG) last issued its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.42). Regency Centers had a return on equity of 2.71% and a net margin of 18.16%. The firm had revenue of $257.95 million during the quarter, compared to analyst estimates of $257.60 million. During the same quarter in the prior year, the firm earned $0.86 EPS.

Several large investors have recently made changes to their positions in REG. Advisor Group Inc. grew its position in shares of Regency Centers by 15.6% during the 2nd quarter. Advisor Group Inc. now owns 2,999 shares of the real estate investment trust’s stock valued at $188,000 after buying an additional 404 shares during the last quarter. HighTower Advisors LLC grew its position in shares of Regency Centers by 37.1% during the 2nd quarter. HighTower Advisors LLC now owns 6,730 shares of the real estate investment trust’s stock valued at $423,000 after buying an additional 1,820 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of Regency Centers by 4.1% during the 2nd quarter. Janus Henderson Group PLC now owns 242,261 shares of the real estate investment trust’s stock valued at $15,179,000 after buying an additional 9,564 shares during the last quarter. Gotham Asset Management LLC grew its position in Regency Centers by 84.2% in the 2nd quarter. Gotham Asset Management LLC now owns 20,876 shares of the real estate investment trust’s stock worth $1,308,000 after purchasing an additional 9,544 shares during the last quarter. Finally, Cubist Systematic Strategies LLC grew its position in Regency Centers by 1,712.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 9,517 shares of the real estate investment trust’s stock worth $596,000 after purchasing an additional 8,992 shares during the last quarter. 92.24% of the stock is owned by institutional investors and hedge funds.

In related news, Vice Chairman Chaim Katzman sold 257,076 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $64.33, for a total transaction of $16,537,699.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO J Christian Leavitt sold 2,000 shares of the business’s 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 sale, the chief accounting officer now directly 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 ninety days, insiders have sold 598,762 shares of company stock valued at $38,701,922. Insiders own 12.66% of the company’s stock.

Regency Centers declared that its board has approved a stock repurchase program on Thursday, February 8th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Tuesday, February 20th will be given a $0.555 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $2.22 annualized dividend and a dividend yield of 3.88%. This is an increase from Regency Centers’s previous quarterly dividend of $0.38. Regency Centers’s payout ratio is presently 243.68%.

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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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