Regency Centers Corporation (REG) Forecasted to Earn Q3 2017 Earnings of $0.93 Per Share
Regency Centers Corporation (NYSE:REG) – Research analysts at Capital One Financial Corporation upped their Q3 2017 earnings estimates for shares of Regency Centers Corporation in a research report issued on Tuesday. Capital One Financial Corporation analyst C. Lucas now anticipates that the real estate investment trust will post earnings of $0.93 per share for the quarter, up from their prior estimate of $0.88. Capital One Financial Corporation also issued estimates for Regency Centers Corporation’s Q4 2017 earnings at $0.95 EPS, Q1 2018 earnings at $0.93 EPS, Q2 2018 earnings at $0.95 EPS, Q3 2018 earnings at $0.97 EPS, Q4 2018 earnings at $1.00 EPS and FY2018 earnings at $3.86 EPS.
Regency Centers Corporation (NYSE:REG) last released its quarterly earnings data on Tuesday, May 9th. The real estate investment trust reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.07. The business had revenue of $189.43 million for the quarter, compared to the consensus estimate of $185.43 million. Regency Centers Corporation had a net margin of 13.68% and a return on equity of 2.75%. During the same period in the prior year, the firm earned $0.86 earnings per share.
REG has been the topic of several other reports. BidaskClub cut Regency Centers Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 22nd. Jefferies Group LLC reissued a “hold” rating and issued a $72.00 target price on shares of Regency Centers Corporation in a research report on Monday, April 24th. Citigroup Inc. reissued a “neutral” rating and issued a $67.00 target price (down from $70.00) on shares of Regency Centers Corporation in a research report on Monday, July 10th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $70.00 price objective on shares of Regency Centers Corporation in a research report on Monday, June 19th. Finally, TheStreet cut Regency Centers Corporation from a “b” rating to a “c” rating in a research report on Tuesday, May 9th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Regency Centers Corporation currently has an average rating of “Hold” and a consensus price target of $74.18.
Shares of Regency Centers Corporation (REG) opened at 67.19 on Thursday. The stock has a market capitalization of $11.40 billion, a P/E ratio of 115.84 and a beta of 0.55. The firm’s 50-day moving average is $62.86 and its 200 day moving average is $65.42. Regency Centers Corporation has a 12-month low of $58.63 and a 12-month high of $85.32.
In other news, Director John C. Schweitzer sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $61.13, for a total transaction of $244,520.00. Following the transaction, the director now owns 46,694 shares of the company’s stock, valued at approximately $2,854,404.22. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider H Craig Ramey sold 1,048 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $62.17, for a total value of $65,154.16. Following the transaction, the insider now directly owns 15,769 shares in the company, valued at approximately $980,358.73. The disclosure for this sale can be found here. Insiders own 12.66% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in REG. Chevy Chase Trust Holdings Inc. bought a new position in Regency Centers Corporation during the first quarter valued at $8,398,000. Guyasuta Investment Advisors Inc. acquired a new position in shares of Regency Centers Corporation during the first quarter valued at approximately $2,446,000. Norges Bank acquired a new position in shares of Regency Centers Corporation during the fourth quarter valued at approximately $34,751,000. DnB Asset Management AS acquired a new position in shares of Regency Centers Corporation during the first quarter valued at approximately $716,000. Finally, Gulf International Bank UK Ltd increased its position in shares of Regency Centers Corporation by 47.8% in the first quarter. Gulf International Bank UK Ltd now owns 46,922 shares of the real estate investment trust’s stock valued at $3,115,000 after buying an additional 15,174 shares during the period. 87.10% of the stock is currently owned by hedge funds and other institutional investors.
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.
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