Research Analysts Issue Forecasts for Regency Centers Corporation’s Q4 2017 Earnings (REG)

Regency Centers Corporation (NYSE:REG) – Analysts at Jefferies Group reduced their Q4 2017 earnings estimates for Regency Centers Corporation in a research note issued to investors on Friday. Jefferies Group analyst G. Hoglund now expects that the real estate investment trust will earn $0.92 per share for the quarter, down from their prior estimate of $0.94. Jefferies Group currently has a “Hold” rating and a $67.00 target price on the stock.

Other analysts also recently issued reports about the stock. TheStreet raised shares of Regency Centers Corporation from a “c” rating to a “b-” rating in a research report on Thursday, August 3rd. Royal Bank Of Canada reissued a “buy” rating and issued a $70.00 target price on shares of Regency Centers Corporation in a research report on Monday, June 19th. BidaskClub raised shares of Regency Centers Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Robert W. Baird reissued a “buy” rating and issued a $72.00 target price on shares of Regency Centers Corporation in a research report on Thursday, August 24th. Finally, Argus decreased their target price on shares of Regency Centers Corporation from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $71.54.

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Regency Centers Corporation (NYSE:REG) opened at 63.95 on Monday. Regency Centers Corporation has a 52 week low of $58.63 and a 52 week high of $79.96. The stock has a 50 day moving average of $65.25 and a 200-day moving average of $64.19. The stock has a market cap of $10.86 billion, a P/E ratio of 106.23 and a beta of 0.56.

Regency Centers Corporation (NYSE:REG) last issued its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.93 EPS for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.03. Regency Centers Corporation had a net margin of 13.19% and a return on equity of 2.20%. The business had revenue of $240.42 million for the quarter, compared to the consensus estimate of $248.50 million. During the same quarter last year, the firm posted $0.81 EPS.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Wednesday, August 16th were paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend was Monday, August 14th. Regency Centers Corporation’s payout ratio is 353.34%.

In other news, Vice Chairman Chaim Katzman sold 1,055,758 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $64.30, for a total value of $67,885,239.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mary Lou Fiala sold 7,775 shares of the business’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $65.74, for a total transaction of $511,128.50. Following the completion of the sale, the director now owns 17,145 shares of the company’s stock, valued at $1,127,112.30. The disclosure for this sale can be found here. 12.66% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of REG. First Trust Advisors LP lifted its stake in shares of Regency Centers Corporation by 34.3% in the first quarter. First Trust Advisors LP now owns 48,714 shares of the real estate investment trust’s stock worth $3,234,000 after buying an additional 12,446 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in shares of Regency Centers Corporation by 272.3% in the first quarter. DekaBank Deutsche Girozentrale now owns 8,980 shares of the real estate investment trust’s stock worth $626,000 after buying an additional 6,568 shares during the last quarter. US Bancorp DE lifted its stake in shares of Regency Centers Corporation by 115.8% in the first quarter. US Bancorp DE now owns 17,556 shares of the real estate investment trust’s stock worth $1,166,000 after buying an additional 9,419 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake in shares of Regency Centers Corporation by 54.9% in the first quarter. UBS Asset Management Americas Inc. now owns 667,735 shares of the real estate investment trust’s stock worth $44,331,000 after buying an additional 236,697 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new stake in shares of Regency Centers Corporation in the first quarter worth $2,573,000. Institutional investors and hedge funds own 91.52% of the company’s stock.

About Regency Centers Corporation

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.

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

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