Equities analysts forecast that Regency Centers Corp (NYSE:REG) will report earnings per share of $0.96 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Regency Centers’ earnings, with the lowest EPS estimate coming in at $0.95 and the highest estimate coming in at $0.98. Regency Centers also posted earnings per share of $0.96 during the same quarter last year. The company is scheduled to report its next quarterly earnings results after the market closes on Wednesday, October 30th.

According to Zacks, analysts expect that Regency Centers will report full year earnings of $3.84 per share for the current financial year, with EPS estimates ranging from $3.81 to $3.85. For the next fiscal year, analysts expect that the firm will post earnings of $3.99 per share, with EPS estimates ranging from $3.93 to $4.03. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Regency Centers.

Regency Centers (NYSE:REG) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.01). Regency Centers had a return on equity of 3.86% and a net margin of 23.19%. The firm had revenue of $268.43 million during the quarter, compared to analyst estimates of $271.87 million. During the same period in the prior year, the business posted $0.28 EPS.

A number of research firms recently commented on REG. Scotiabank raised shares of Regency Centers from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $68.00 to $72.00 in a research note on Friday, August 16th. Compass Point began coverage on shares of Regency Centers in a research note on Thursday, August 15th. They issued a “neutral” rating and a $67.00 price objective for the company. Barclays reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Regency Centers in a research note on Sunday. Finally, BMO Capital Markets set a $64.00 price objective on shares of Regency Centers and gave the stock a “hold” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $69.26.

Regency Centers stock traded down $0.12 during midday trading on Wednesday, reaching $68.48. The stock had a trading volume of 799,086 shares, compared to its average volume of 863,400. The firm’s fifty day simple moving average is $67.56 and its two-hundred day simple moving average is $67.01. Regency Centers has a twelve month low of $55.50 and a twelve month high of $70.26. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market cap of $11.48 billion, a price-to-earnings ratio of 18.56, a PEG ratio of 2.50 and a beta of 0.37.

In other Regency Centers news, Director Thomas G. Wattles sold 2,073 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $65.47, for a total value of $135,719.31. Following the completion of the sale, the director now owns 49,085 shares in the company, valued at approximately $3,213,594.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Alan Todd Roth sold 3,000 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $65.74, for a total transaction of $197,220.00. Following the completion of the sale, the insider now owns 8,001 shares of the company’s stock, valued at approximately $525,985.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,080 shares of company stock valued at $660,413. Insiders own 1.10% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in REG. Korea Investment CORP raised its holdings in shares of Regency Centers by 495.2% during the 2nd quarter. Korea Investment CORP now owns 12,500 shares of the real estate investment trust’s stock valued at $834,000 after purchasing an additional 10,400 shares in the last quarter. FMR LLC raised its holdings in shares of Regency Centers by 1.6% during the 1st quarter. FMR LLC now owns 3,612,375 shares of the real estate investment trust’s stock valued at $243,799,000 after purchasing an additional 57,663 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Regency Centers by 17.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 31,312 shares of the real estate investment trust’s stock valued at $2,090,000 after purchasing an additional 4,752 shares in the last quarter. Calamos Advisors LLC bought a new position in shares of Regency Centers during the 2nd quarter valued at $6,071,000. Finally, Vanguard Group Inc. raised its holdings in shares of Regency Centers by 5.7% during the 2nd quarter. Vanguard Group Inc. now owns 26,661,698 shares of the real estate investment trust’s stock valued at $1,779,402,000 after purchasing an additional 1,427,631 shares in the last quarter. Institutional investors own 93.87% of the company’s stock.

Regency Centers Company Profile

Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers.

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Earnings History and Estimates for Regency Centers (NYSE:REG)

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