Regency Centers (NASDAQ:REG – Get Free Report) will announce its earnings results after the market closes on Thursday, November 2nd. Analysts expect the company to announce earnings of $1.01 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.
Regency Centers (NASDAQ:REG – Get Free Report) last announced its earnings results on Friday, August 4th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.51). Regency Centers had a net margin of 29.33% and a return on equity of 5.75%. The firm had revenue of $314.25 million during the quarter, compared to analyst estimates of $313.32 million. During the same period in the prior year, the business posted $1.00 EPS. On average, analysts expect Regency Centers to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Regency Centers Stock Down 2.3 %
Shares of Regency Centers stock opened at $57.82 on Thursday. The business’s 50 day simple moving average is $60.86 and its 200 day simple moving average is $60.95. Regency Centers has a 52-week low of $54.72 and a 52-week high of $68.56. The firm has a market cap of $9.89 billion, a PE ratio of 27.02, a P/E/G ratio of 3.46 and a beta of 1.17. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.78 and a current ratio of 0.78.
Regency Centers Announces Dividend
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. StockNews.com started coverage on Regency Centers in a report on Thursday, October 5th. They issued a “hold” rating for the company. Argus upgraded shares of Regency Centers from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a research report on Wednesday, September 20th. They noted that the move was a valuation call. Raymond James upgraded shares of Regency Centers from a “market perform” rating to an “outperform” rating and set a $69.00 target price for the company in a research report on Tuesday, September 5th. Finally, Bank of America decreased their price target on shares of Regency Centers from $79.00 to $74.00 and set a “buy” rating on the stock in a research note on Tuesday, August 22nd. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $70.13.
Get Our Latest Research Report on REG
Insider Activity
In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 125,000 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $66.51, for a total value of $8,313,750.00. Following the sale, the chairman now owns 343,399 shares in the company, valued at $22,839,467.49. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP Nicholas Andrew Wibbenmeyer sold 900 shares of Regency Centers stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $66.39, for a total transaction of $59,751.00. Following the completion of the sale, the executive vice president now owns 18,749 shares of the company’s stock, valued at $1,244,746.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Martin E. Stein, Jr. sold 125,000 shares of Regency Centers stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $66.51, for a total value of $8,313,750.00. Following the transaction, the chairman now owns 343,399 shares of the company’s stock, valued at $22,839,467.49. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.
Institutional Trading of Regency Centers
Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Regency Centers by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 26,552,444 shares of the company’s stock worth $1,894,252,000 after purchasing an additional 425,589 shares during the last quarter. BlackRock Inc. raised its position in shares of Regency Centers by 3.9% during the 1st quarter. BlackRock Inc. now owns 17,807,259 shares of the company’s stock worth $1,089,448,000 after purchasing an additional 660,801 shares during the last quarter. Norges Bank acquired a new position in shares of Regency Centers during the 4th quarter worth approximately $1,011,208,000. State Street Corp raised its holdings in Regency Centers by 8.1% in the 1st quarter. State Street Corp now owns 11,923,732 shares of the company’s stock valued at $857,927,000 after acquiring an additional 890,452 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Regency Centers by 11.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,746,631 shares of the company’s stock valued at $412,761,000 after acquiring an additional 669,582 shares during the last quarter. 90.59% of the stock is currently owned by hedge funds and other institutional investors.
Regency Centers Company Profile
Regency Centers is a preeminent national owner, operator, and developer of shopping centers located in suburban trade areas with compelling demographics. 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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