Regency Centers (NYSE:REG) is set to announce its earnings results after the market closes on Monday, August 3rd. Analysts expect the company to announce earnings of $0.79 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Regency Centers (NYSE:REG) last announced its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.51). The firm had revenue of $283.66 million for the quarter, compared to analyst estimates of $288.13 million. Regency Centers had a net margin of 23.19% and a return on equity of 3.86%. During the same period in the previous year, the firm posted $0.54 EPS. On average, analysts expect Regency Centers to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of REG stock opened at $41.03 on Friday. The company’s 50-day moving average price is $43.92 and its 200-day moving average price is $48.28. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.57. The stock has a market cap of $6.96 billion, a price-to-earnings ratio of 11.12, a PEG ratio of 2.50 and a beta of 0.37. Regency Centers has a twelve month low of $31.80 and a twelve month high of $70.13.

In other Regency Centers news, VP Dan M. Chandler III sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $51.50, for a total value of $154,500.00. Following the completion of the transaction, the vice president now owns 19,367 shares of the company’s stock, valued at approximately $997,400.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Martin E. Stein, Jr. sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $50.56, for a total transaction of $1,011,200.00. Following the completion of the transaction, the chairman now directly owns 727,113 shares of the company’s stock, valued at approximately $36,762,833.28. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Several research analysts have recently weighed in on REG shares. Wells Fargo & Co lowered their price target on shares of Regency Centers from $75.00 to $55.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 7th. Deutsche Bank lowered shares of Regency Centers from a “buy” rating to a “hold” rating and lowered their target price for the stock from $56.00 to $44.00 in a research note on Monday, July 27th. Morgan Stanley lifted their price target on shares of Regency Centers from $32.50 to $38.00 and gave the company an “equal weight” rating in a research report on Thursday, July 2nd. BMO Capital Markets initiated coverage on shares of Regency Centers in a report on Tuesday, July 21st. They issued a “hold” rating and a $43.00 price objective on the stock. Finally, Zacks Investment Research cut shares of Regency Centers from a “hold” rating to a “sell” rating and set a $48.00 price objective for the company. in a research report on Wednesday, May 27th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $52.86.

About Regency Centers

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.

See Also: Hold Rating

Earnings History for Regency Centers (NYSE:REG)

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