Wall Street analysts expect Regency Centers Corporation (NYSE:REG) to report earnings of $0.92 per share for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Regency Centers Corporation’s earnings. The lowest EPS estimate is $0.90 and the highest is $0.93. Regency Centers Corporation reported earnings of $0.05 per share in the same quarter last year, which suggests a positive year over year growth rate of 1,740%. The business is expected to issue its next quarterly earnings report on Tuesday, November 7th.

According to Zacks, analysts expect that Regency Centers Corporation will report full-year earnings of $3.66 per share for the current fiscal year, with EPS estimates ranging from $3.63 to $3.69. For the next financial year, analysts forecast that the firm will report earnings of $3.83 per share, with EPS estimates ranging from $3.79 to $3.86. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Regency Centers Corporation.

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

Several equities research analysts recently issued reports on REG shares. TheStreet raised shares of Regency Centers Corporation from a “c” rating to a “b-” rating in a research note on Thursday, August 3rd. BidaskClub raised shares of Regency Centers Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Jefferies Group LLC reaffirmed a “buy” rating and set a $74.00 price target on shares of Regency Centers Corporation in a research note on Monday, July 17th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $70.00 price target on shares of Regency Centers Corporation in a research note on Monday, June 19th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $72.00 price target on shares of Regency Centers Corporation in a research note on Thursday, August 24th. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Regency Centers Corporation currently has a consensus rating of “Buy” and an average target price of $74.30.

Regency Centers Corporation (NYSE:REG) traded up 0.39% on Friday, reaching $63.63. The company’s stock had a trading volume of 1,659,524 shares. The company has a 50 day moving average of $65.02 and a 200 day moving average of $64.90. Regency Centers Corporation has a 52 week low of $58.63 and a 52 week high of $82.44. The firm has a market capitalization of $10.80 billion, a price-to-earnings ratio of 105.70 and a beta of 0.56.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Wednesday, August 16th will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend is Monday, August 14th. Regency Centers Corporation’s payout ratio is currently 353.34%.

In other news, Director Mary Lou Fiala sold 7,775 shares of Regency Centers Corporation stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $65.74, for a total value of $511,128.50. Following the completion of the transaction, the director now directly owns 17,145 shares of the company’s stock, valued at approximately $1,127,112.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider H Craig Ramey sold 1,048 shares of Regency Centers Corporation stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $62.17, for a total transaction of $65,154.16. Following the completion of the transaction, the insider now directly owns 15,769 shares of the company’s stock, valued at $980,358.73. The disclosure for this sale can be found here. 12.66% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of REG. Vanguard Group Inc. raised its position in Regency Centers Corporation by 0.5% in the second quarter. Vanguard Group Inc. now owns 25,977,087 shares of the real estate investment trust’s stock valued at $1,627,206,000 after buying an additional 125,593 shares during the period. BlackRock Inc. raised its position in Regency Centers Corporation by 4,387.0% in the first quarter. BlackRock Inc. now owns 14,817,817 shares of the real estate investment trust’s stock valued at $983,755,000 after buying an additional 14,487,580 shares during the period. State Street Corp raised its position in Regency Centers Corporation by 61.9% in the first quarter. State Street Corp now owns 8,575,865 shares of the real estate investment trust’s stock valued at $569,344,000 after buying an additional 3,280,070 shares during the period. Daiwa Securities Group Inc. raised its position in Regency Centers Corporation by 109.7% in the second quarter. Daiwa Securities Group Inc. now owns 5,350,352 shares of the real estate investment trust’s stock valued at $335,146,000 after buying an additional 2,799,040 shares during the period. Finally, APG Asset Management US Inc. raised its position in Regency Centers Corporation by 15.3% in the first quarter. APG Asset Management US Inc. now owns 5,163,000 shares of the real estate investment trust’s stock valued at $342,772,000 after buying an additional 684,300 shares during the period. 91.52% of the stock is owned by institutional investors and hedge funds.

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

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