Analysts Expect Regency Centers Co. (NASDAQ:REG) to Post $0.94 EPS

Wall Street brokerages predict that Regency Centers Co. (NASDAQ:REGGet Rating) will announce earnings of $0.94 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Regency Centers’ earnings, with the lowest EPS estimate coming in at $0.92 and the highest estimate coming in at $0.96. Regency Centers posted earnings per share of $0.99 during the same quarter last year, which indicates a negative year-over-year growth rate of 5.1%. The company is expected to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Regency Centers will report full-year earnings of $3.79 per share for the current year, with EPS estimates ranging from $3.75 to $3.81. For the next financial year, analysts anticipate that the firm will post earnings of $3.98 per share, with EPS estimates ranging from $3.89 to $4.10. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover Regency Centers.

Regency Centers (NASDAQ:REGGet Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.69. Regency Centers had a return on equity of 5.47% and a net margin of 30.99%. During the same period in the previous year, the company earned $0.90 earnings per share.

A number of research firms recently commented on REG. Morgan Stanley reduced their price objective on Regency Centers from $73.00 to $67.50 and set an “equal weight” rating for the company in a research report on Thursday, March 3rd. Truist Financial upped their price objective on Regency Centers from $82.00 to $87.00 in a research report on Tuesday, January 18th. Deutsche Bank Aktiengesellschaft reduced their price objective on Regency Centers from $92.00 to $83.00 and set a “buy” rating for the company in a research report on Thursday, March 31st. Finally, Compass Point reduced their price objective on Regency Centers from $82.00 to $75.00 and set a “neutral” rating for the company in a research report on Monday, February 14th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $74.27.

In other news, Director Nicholas Andrew Wibbenmeyer sold 4,330 shares of the company’s stock in a transaction dated Wednesday, March 9th. The stock was sold at an average price of $69.81, for a total value of $302,277.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in REG. Amundi Pioneer Asset Management Inc. boosted its stake in Regency Centers by 16.3% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 221,051 shares of the company’s stock valued at $14,919,000 after buying an additional 31,040 shares during the last quarter. Shell Asset Management Co. boosted its stake in Regency Centers by 8.0% during the third quarter. Shell Asset Management Co. now owns 8,690 shares of the company’s stock valued at $585,000 after buying an additional 640 shares during the last quarter. Versor Investments LP bought a new position in Regency Centers during the third quarter valued at approximately $209,000. Deutsche Bank AG boosted its stake in Regency Centers by 149.8% during the third quarter. Deutsche Bank AG now owns 981,664 shares of the company’s stock valued at $66,096,000 after buying an additional 588,606 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Regency Centers by 17.2% during the third quarter. PNC Financial Services Group Inc. now owns 19,391 shares of the company’s stock valued at $1,305,000 after buying an additional 2,843 shares during the last quarter. 91.72% of the stock is owned by hedge funds and other institutional investors.

REG stock opened at $69.57 on Tuesday. Regency Centers has a 1-year low of $61.48 and a 1-year high of $78.78. The business has a fifty day moving average price of $69.12 and a 200-day moving average price of $71.11. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a market capitalization of $11.92 billion, a P/E ratio of 25.03, a P/E/G ratio of 6.09 and a beta of 1.08.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 6th. Shareholders of record on Wednesday, June 15th will be given a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date is Tuesday, June 14th. Regency Centers’s payout ratio is 89.93%.

About Regency Centers (Get Rating)

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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