Q4 2016 EPS Estimates for Regency Centers Corp. Increased by Jefferies Group (REG)
Regency Centers Corp. (NYSE:REG) – Analysts at Jefferies Group boosted their Q4 2016 EPS estimates for Regency Centers Corp. in a report released on Wednesday. Jefferies Group analyst G. Hoglund now expects that the brokerage will post earnings of $0.84 per share for the quarter, up from their previous estimate of $0.83. Jefferies Group has a “Hold” rating on the stock. Jefferies Group also issued estimates for Regency Centers Corp.’s FY2017 earnings at $3.43 EPS.
A number of other brokerages have also recently commented on REG. Zacks Investment Research cut Regency Centers Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, July 20th. Royal Bank Of Canada increased their target price on Regency Centers Corp. from $82.00 to $91.00 and gave the company a “top pick” rating in a report on Friday, August 5th. RBC Capital Markets reiterated a “top pick” rating and set a $91.00 target price (up previously from $82.00) on shares of Regency Centers Corp. in a report on Friday, August 5th. Citigroup Inc. increased their target price on Regency Centers Corp. from $76.00 to $81.00 and gave the company a “neutral” rating in a report on Friday, August 12th. Finally, Deutsche Bank AG increased their target price on Regency Centers Corp. from $69.00 to $77.00 and gave the company a “hold” rating in a report on Wednesday, August 17th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $79.82.
Shares of Regency Centers Corp. (NYSE:REG) opened at 68.16 on Thursday. The firm has a 50-day moving average price of $73.73 and a 200-day moving average price of $78.08. Regency Centers Corp. has a 52-week low of $64.28 and a 52-week high of $85.35. The stock has a market cap of $6.76 billion, a P/E ratio of 42.84 and a beta of 0.69.
Regency Centers Corp. (NYSE:REG) last posted its earnings results on Tuesday, November 1st. The real estate investment trust reported $0.81 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.01. Regency Centers Corp. had a return on equity of 6.61% and a net margin of 20.55%. During the same period in the prior year, the company earned $0.76 EPS.
A number of institutional investors have recently bought and sold shares of the company. Invictus RG purchased a new position in Regency Centers Corp. during the first quarter worth approximately $136,000. Riverhead Capital Management LLC increased its position in Regency Centers Corp. by 161.4% in the third quarter. Riverhead Capital Management LLC now owns 2,300 shares of the real estate investment trust’s stock worth $178,000 after buying an additional 1,420 shares during the period. Mn Services Vermogensbeheer B.V. increased its position in Regency Centers Corp. by 5.7% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 2,466 shares of the real estate investment trust’s stock worth $186,000 after buying an additional 133 shares during the period. Virtu Financial LLC purchased a new position in Regency Centers Corp. during the second quarter worth approximately $210,000. Finally, Timber Hill LLC purchased a new position in Regency Centers Corp. during the second quarter worth approximately $212,000. Institutional investors and hedge funds own 96.89% of the company’s stock.
In other Regency Centers Corp. news, Director Bryce Blair bought 1,251 shares of the stock in a transaction dated Tuesday, August 23rd. The stock was bought at an average cost of $79.79 per share, for a total transaction of $99,817.29. Following the completion of the purchase, the director now directly owns 4,084 shares of the company’s stock, valued at $325,862.36. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.80% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Wednesday, November 16th will be paid a dividend of $0.50 per share. The ex-dividend date is Monday, November 14th. This represents a $2.00 annualized dividend and a dividend yield of 2.93%. Regency Centers Corp.’s dividend payout ratio is presently 186.92%.
About Regency Centers Corp.
Regency Centers Corporation is a real estate investment trust (REIT) and the general partner of the Regency Centers, L.P. (Operating Partnership). The Company’s operating, investing and financing activities are performed through the Operating Partnership, its subsidiaries and through its co-investment partnerships.
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