Zacks: Analysts Expect Regency Centers Corp (REG) to Announce $0.83 EPS

Equities research analysts predict that Regency Centers Corp (NYSE:REG) will announce earnings of $0.83 per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Regency Centers Corp’s earnings. The lowest EPS estimate is $0.79 and the highest is $0.85. Regency Centers Corp posted earnings of $0.86 per share during the same quarter last year, which indicates a negative year over year growth rate of 3.5%. The business is scheduled to announce its next quarterly earnings results after the market closes on Tuesday, May 9th.

According to Zacks, analysts expect that Regency Centers Corp will report full-year earnings of $3.48 per share for the current fiscal year, with EPS estimates ranging from $3.42 to $3.51. For the next year, analysts forecast that the company will report earnings of $3.74 per share, with EPS estimates ranging from $3.68 to $3.79. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Regency Centers Corp.

Regency Centers Corp (NYSE:REG) last announced its earnings results on Wednesday, February 8th. The real estate investment trust reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. Regency Centers Corp had a net margin of 25.88% and a return on equity of 8.04%. During the same quarter last year, the business posted $0.79 EPS.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Regency Centers Corp from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research report on Wednesday, March 15th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Regency Centers Corp in a research report on Monday, January 9th. Barclays PLC started coverage on shares of Regency Centers Corp in a research report on Monday, March 6th. They set an “equal weight” rating and a $72.00 price objective for the company. Citigroup Inc reiterated a “neutral” rating and set a $72.00 price objective on shares of Regency Centers Corp in a research report on Thursday, March 2nd. Finally, TheStreet upgraded shares of Regency Centers Corp from a “c+” rating to a “b-” rating in a research report on Tuesday, January 17th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $76.45.

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In other news, insider H Craig Ramey sold 750 shares of the firm’s stock in a transaction dated Thursday, March 30th. The shares were sold at an average price of $66.44, for a total value of $49,830.00. Following the completion of the sale, the insider now owns 16,817 shares in the company, valued at approximately $1,117,321.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lisa Palmer sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $66.52, for a total transaction of $665,200.00. Following the completion of the sale, the insider now owns 36,728 shares of the company’s stock, valued at approximately $2,443,146.56. The disclosure for this sale can be found here. Insiders sold a total of 13,750 shares of company stock valued at $903,430 in the last 90 days. Company insiders own 1.80% of the company’s stock.

Several large investors have recently added to or reduced their stakes in REG. Standard Life Investments LTD raised its stake in Regency Centers Corp by 1,173.7% in the third quarter. Standard Life Investments LTD now owns 843,566 shares of the real estate investment trust’s stock valued at $65,355,000 after buying an additional 777,336 shares during the period. Renaissance Technologies LLC raised its stake in Regency Centers Corp by 278.0% in the fourth quarter. Renaissance Technologies LLC now owns 1,019,600 shares of the real estate investment trust’s stock valued at $70,301,000 after buying an additional 749,900 shares during the period. Norges Bank purchased a new stake in Regency Centers Corp during the fourth quarter valued at about $34,751,000. Russell Investments Group Ltd. purchased a new stake in Regency Centers Corp during the fourth quarter valued at about $31,083,000. Finally, Two Sigma Investments LP purchased a new stake in Regency Centers Corp during the fourth quarter valued at about $23,142,000. Hedge funds and other institutional investors own 98.46% of the company’s stock.

Shares of Regency Centers Corp (NYSE:REG) traded down 0.42% during midday trading on Thursday, hitting $67.07. 236,127 shares of the stock were exchanged. The firm has a 50 day moving average of $66.94 and a 200-day moving average of $69.29. The stock has a market cap of $6.99 billion, a P/E ratio of 47.23 and a beta of 0.58. Regency Centers Corp has a 12 month low of $61.90 and a 12 month high of $85.35.

About Regency Centers Corp

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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