Equities Analysts Offer Predictions for Regency Centers Co.’s FY2019 Earnings (REG)

Regency Centers Co. (NYSE:REG) – Equities research analysts at Capital One Financial dropped their FY2019 earnings per share (EPS) estimates for Regency Centers in a research note issued on Wednesday, April 11th. Capital One Financial analyst C. Lucas now forecasts that the real estate investment trust will post earnings of $3.97 per share for the year, down from their previous estimate of $3.99.

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Regency Centers (NYSE:REG) last announced its earnings results on Thursday, February 8th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.42). The company had revenue of $257.95 million for the quarter, compared to analyst estimates of $257.60 million. Regency Centers had a return on equity of 2.71% and a net margin of 18.16%. During the same period last year, the firm earned $0.86 earnings per share.

A number of other equities research analysts have also issued reports on the company. BMO Capital Markets set a $68.00 target price on Regency Centers and gave the stock a “hold” rating in a research report on Thursday, January 11th. SunTrust Banks set a $67.00 target price on Regency Centers and gave the stock a “buy” rating in a research report on Friday, March 2nd. Zacks Investment Research lowered Regency Centers from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Morgan Stanley started coverage on Regency Centers in a research report on Tuesday, March 27th. They set an “overweight” rating and a $65.00 target price on the stock. Finally, BTIG Research raised Regency Centers from a “neutral” rating to a “buy” rating and set a $72.00 target price on the stock in a research report on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $68.89.

Shares of Regency Centers stock opened at $58.39 on Monday. The firm has a market cap of $9,938.53, a PE ratio of 15.82, a P/E/G ratio of 2.19 and a beta of 0.47. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.53. Regency Centers has a 12-month low of $54.87 and a 12-month high of $70.64.

A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in Regency Centers by 1.4% during the fourth quarter. BlackRock Inc. now owns 15,413,941 shares of the real estate investment trust’s stock valued at $1,066,338,000 after buying an additional 214,023 shares during the period. APG Asset Management US Inc. increased its position in Regency Centers by 1.6% in the 4th quarter. APG Asset Management US Inc. now owns 5,247,000 shares of the real estate investment trust’s stock worth $362,987,000 after purchasing an additional 84,000 shares during the last quarter. Cbre Clarion Securities LLC increased its position in Regency Centers by 24.3% in the 4th quarter. Cbre Clarion Securities LLC now owns 5,093,711 shares of the real estate investment trust’s stock worth $352,383,000 after purchasing an additional 997,435 shares during the last quarter. Boston Partners increased its position in Regency Centers by 3.8% in the 4th quarter. Boston Partners now owns 2,702,234 shares of the real estate investment trust’s stock worth $186,941,000 after purchasing an additional 99,819 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Regency Centers by 4.3% in the 4th quarter. Geode Capital Management LLC now owns 1,941,830 shares of the real estate investment trust’s stock worth $134,105,000 after purchasing an additional 79,895 shares during the last quarter. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

In other Regency Centers news, Director Bryce Blair purchased 1,739 shares of the company’s stock in a transaction that occurred on Monday, March 19th. The shares were purchased at an average cost of $57.50 per share, with a total value of $99,992.50. Following the completion of the transaction, the director now owns 10,842 shares of the company’s stock, valued at $623,415. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Chaim Katzman sold 1,759,257 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $57.56, for a total value of $101,262,832.92. The disclosure for this sale can be found here. Insiders have sold 2,142,470 shares of company stock worth $125,849,765 over the last three months. 1.10% of the stock is owned by insiders.

Regency Centers declared that its Board of Directors has authorized a stock repurchase program on Thursday, February 8th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to repurchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

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Regency Centers Company Profile

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.

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

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