Regency Centers Corp Forecasted to Post Q1 2019 Earnings of $0.98 Per Share (NYSE:REG)

Regency Centers Corp (NYSE:REG) – Investment analysts at Boenning Scattergood issued their Q1 2019 earnings estimates for shares of Regency Centers in a report released on Tuesday, Zacks Investment Research reports. Boenning Scattergood analyst F. Van. Dijkum anticipates that the real estate investment trust will earn $0.98 per share for the quarter. Boenning Scattergood has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for Regency Centers’ Q2 2019 earnings at $0.99 EPS, Q3 2019 earnings at $0.99 EPS, Q4 2019 earnings at $1.01 EPS and FY2019 earnings at $3.98 EPS.

A number of other equities research analysts have also recently commented on REG. Jefferies Group set a $71.00 target price on shares of Regency Centers and gave the stock a “hold” rating in a research note on Friday, January 12th. BMO Capital Markets set a $68.00 target price on shares of Regency Centers and gave the stock a “hold” rating in a research note on Thursday, January 11th. Zacks Investment Research cut shares of Regency Centers from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. Robert W. Baird restated a “buy” rating on shares of Regency Centers in a research note on Friday, November 3rd. Finally, SunTrust Banks restated a “buy” rating and set a $74.00 target price on shares of Regency Centers in a research note on Friday, December 1st. Seven research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Regency Centers currently has a consensus rating of “Buy” and a consensus price target of $71.23.

Regency Centers (REG) traded up $0.55 during midday trading on Wednesday, reaching $64.21. 881,369 shares of the company’s stock were exchanged, compared to its average volume of 924,262. Regency Centers has a 12 month low of $58.63 and a 12 month high of $72.05. The company has a market cap of $10,920.00, a PE ratio of 71.34, a price-to-earnings-growth ratio of 2.10 and a beta of 0.58. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.63 and a current ratio of 0.63.

Regency Centers (NYSE:REG) last issued its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.04. Regency Centers had a net margin of 17.59% and a return on equity of 2.82%. The firm had revenue of $262.14 million for the quarter, compared to analysts’ expectations of $254.04 million. During the same quarter in the prior year, the business earned $0.81 EPS.

Several hedge funds have recently bought and sold shares of the stock. State of Tennessee Treasury Department grew its holdings in shares of Regency Centers by 0.3% in the second quarter. State of Tennessee Treasury Department now owns 40,005 shares of the real estate investment trust’s stock valued at $2,506,000 after purchasing an additional 110 shares in the last quarter. IHT Wealth Management LLC purchased a new position in shares of Regency Centers in the second quarter valued at $124,000. Phocas Financial Corp. grew its holdings in shares of Regency Centers by 3.5% in the second quarter. Phocas Financial Corp. now owns 7,558 shares of the real estate investment trust’s stock valued at $473,000 after purchasing an additional 254 shares in the last quarter. Westwood Holdings Group Inc. grew its holdings in shares of Regency Centers by 1.5% in the second quarter. Westwood Holdings Group Inc. now owns 19,115 shares of the real estate investment trust’s stock valued at $1,197,000 after purchasing an additional 284 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of Regency Centers by 8.5% in the second quarter. Pacer Advisors Inc. now owns 3,682 shares of the real estate investment trust’s stock valued at $231,000 after purchasing an additional 290 shares in the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

In related news, CAO J Christian Leavitt sold 2,000 shares of the firm’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $67.61, for a total value of $135,220.00. Following the completion of the transaction, the chief accounting officer now directly owns 14,314 shares of the company’s stock, valued at $967,769.54. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Vice Chairman Chaim Katzman sold 47,230 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $64.32, for a total transaction of $3,037,833.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 275,815 shares of company stock valued at $17,660,585. Insiders own 12.66% of the company’s stock.

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About Regency Centers

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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Earnings History and Estimates for Regency Centers (NYSE:REG)

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