Regency Centers Corp (NYSE:REG) – Equities researchers at Boenning Scattergood boosted their Q1 2018 EPS estimates for shares of Regency Centers in a report issued on Monday. Boenning Scattergood analyst F. Van. Dijkum now expects that the real estate investment trust will earn $0.95 per share for the quarter, up from their prior estimate of $0.94. Boenning Scattergood has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for Regency Centers’ Q3 2019 earnings at $1.00 EPS and Q4 2019 earnings at $1.00 EPS.

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

REG has been the subject of several other research reports. Jefferies Group set a $69.00 price objective on shares of Regency Centers and gave the stock a “hold” rating in a research report on Friday, December 15th. Zacks Investment Research upgraded shares of Regency Centers from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research report on Tuesday, November 7th. SunTrust Banks restated a “buy” rating and set a $74.00 price objective on shares of Regency Centers in a research report on Friday, December 1st. BMO Capital Markets set a $68.00 price objective on shares of Regency Centers and gave the stock a “hold” rating in a research report on Thursday, January 11th. Finally, Robert W. Baird restated a “buy” rating on shares of Regency Centers in a research report on Friday, November 3rd. Seven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $71.29.

Shares of Regency Centers (NYSE REG) opened at $57.66 on Tuesday. The firm has a market cap of $9,790.00, a P/E ratio of 66.28, a PEG ratio of 1.88 and a beta of 0.43. The company has a current ratio of 0.94, a quick ratio of 0.63 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 $72.05.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Tuesday, February 20th will be given a $0.555 dividend. This is an increase from Regency Centers’s previous quarterly dividend of $0.38. The ex-dividend date is Friday, February 16th. This represents a $2.22 annualized dividend and a yield of 3.85%. Regency Centers’s dividend payout ratio is 243.68%.

In other Regency Centers news, Vice Chairman Chaim Katzman sold 17,600 shares of the business’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $64.06, for a total value of $1,127,456.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP James D. Thompson sold 14,983 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $68.45, for a total transaction of $1,025,586.35. Following the completion of the transaction, the vice president now directly owns 48,976 shares in the company, valued at $3,352,407.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 598,762 shares of company stock valued at $38,701,922. 12.66% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in REG. Cbre Clarion Securities LLC increased its stake 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 valued at $352,383,000 after buying an additional 997,435 shares during the period. Deutsche Bank AG grew its stake in shares of Regency Centers by 41.1% during the 4th quarter. Deutsche Bank AG now owns 1,924,306 shares of the real estate investment trust’s stock worth $133,118,000 after purchasing an additional 560,348 shares during the period. Alliancebernstein L.P. grew its stake in shares of Regency Centers by 95.5% during the 4th quarter. Alliancebernstein L.P. now owns 654,923 shares of the real estate investment trust’s stock worth $45,308,000 after purchasing an additional 319,918 shares during the period. American Century Companies Inc. grew its stake in shares of Regency Centers by 50.0% during the 4th quarter. American Century Companies Inc. now owns 923,620 shares of the real estate investment trust’s stock worth $63,896,000 after purchasing an additional 307,671 shares during the period. Finally, Wells Fargo & Company MN grew its stake in shares of Regency Centers by 17.6% during the 3rd quarter. Wells Fargo & Company MN now owns 1,652,584 shares of the real estate investment trust’s stock worth $102,526,000 after purchasing an additional 247,308 shares during the period. 92.24% of the stock is currently owned by institutional investors.

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About Regency Centers

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 (NYSE:REG)

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