Analysts Expect Regency Centers Co. (NASDAQ:REG) Will Post Earnings of $0.95 Per Share

Equities research analysts expect that Regency Centers Co. (NASDAQ:REGGet Rating) will report $0.95 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have issued estimates for Regency Centers’ earnings. The highest EPS estimate is $0.96 and the lowest is $0.94. Regency Centers reported earnings of $0.99 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 4%. The firm is expected to issue its next earnings results on Monday, January 1st.

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 $3.78 to $3.93. For the next financial year, analysts forecast that the business will post earnings of $4.01 per share, with EPS estimates ranging from $3.95 to $4.10. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Regency Centers.

Regency Centers (NASDAQ:REGGet Rating) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.69. Regency Centers had a return on equity of 7.30% and a net margin of 39.83%. During the same quarter last year, the firm earned $0.90 earnings per share.

Several equities research analysts have weighed in on the company. Morgan Stanley dropped their price objective on Regency Centers from $73.00 to $67.50 and set an “equal weight” rating for the company in a report on Thursday, March 3rd. Deutsche Bank Aktiengesellschaft cut their price target on shares of Regency Centers from $92.00 to $83.00 and set a “buy” rating on the stock in a report on Thursday, March 31st. Finally, Compass Point decreased their price objective on shares of Regency Centers from $82.00 to $75.00 and set a “neutral” rating for the company in a report on Monday, February 14th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $74.27.

In other Regency Centers news, Director Nicholas Andrew Wibbenmeyer sold 4,330 shares of Regency Centers stock in a transaction on 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 available at this hyperlink. 1.00% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Rockefeller Capital Management L.P. grew its position in Regency Centers by 635.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 412 shares of the company’s stock worth $31,000 after purchasing an additional 356 shares during the period. Private Capital Group LLC grew its holdings in shares of Regency Centers by 103.0% in the first quarter. Private Capital Group LLC now owns 544 shares of the company’s stock worth $39,000 after acquiring an additional 276 shares during the period. National Bank of Canada FI purchased a new stake in Regency Centers during the fourth quarter valued at $43,000. UMB Bank N A MO bought a new position in Regency Centers in the fourth quarter valued at about $48,000. Finally, Covestor Ltd purchased a new position in Regency Centers in the fourth quarter worth about $52,000. Institutional investors and hedge funds own 91.72% of the company’s stock.

Shares of Regency Centers stock traded up $0.08 during trading on Tuesday, reaching $63.69. 28,593 shares of the stock were exchanged, compared to its average volume of 1,009,267. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.60. The firm has a market cap of $10.98 billion, a price-to-earnings ratio of 22.88, a price-to-earnings-growth ratio of 5.66 and a beta of 1.08. Regency Centers has a 1 year low of $61.48 and a 1 year high of $78.78. The stock’s fifty day moving average is $69.04 and its 200 day moving average is $70.63.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 6th. Stockholders of record on Wednesday, June 15th will be paid a $0.625 dividend. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $2.50 annualized dividend and a dividend yield of 3.93%. Regency Centers’s dividend payout ratio is presently 89.93%.

Regency Centers Company Profile (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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Earnings History and Estimates for Regency Centers (NASDAQ:REG)

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