Brokerages expect Regency Centers Corp (NYSE:REG) to report earnings per share of $0.99 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Regency Centers’ earnings, with the highest EPS estimate coming in at $1.02 and the lowest estimate coming in at $0.96. Regency Centers posted earnings of $0.98 per share in the same quarter last year, which indicates a positive year over year growth rate of 1%. The business is expected to issue its next quarterly earnings results on Thursday, May 7th.

On average, analysts expect that Regency Centers will report full-year earnings of $3.92 per share for the current year, with EPS estimates ranging from $3.86 to $4.00. For the next year, analysts expect that the firm will post earnings of $4.03 per share, with EPS estimates ranging from $4.00 to $4.07. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Regency Centers.

Regency Centers (NYSE:REG) last issued its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.16). The firm had revenue of $280.86 million for the quarter, compared to the consensus estimate of $284.66 million. Regency Centers had a net margin of 23.19% and a return on equity of 3.86%. During the same period last year, the company posted $0.46 EPS.

A number of analysts have commented on the stock. Morgan Stanley cut shares of Regency Centers from an “overweight” rating to an “equal” rating and cut their price target for the company from $71.00 to $65.00 in a research report on Tuesday, December 17th. JPMorgan Chase & Co. cut shares of Regency Centers from an “overweight” rating to a “neutral” rating and cut their price target for the company from $71.00 to $65.00 in a research report on Wednesday, December 18th. Citigroup lowered shares of Regency Centers from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $75.00 to $71.00 in a report on Thursday, December 12th. Scotiabank lowered shares of Regency Centers from an “outperform” rating to a “sector perform” rating in a report on Monday, November 4th. Finally, Jefferies Financial Group upgraded shares of Regency Centers from a “hold” rating to a “buy” rating and upped their price objective for the company from $66.00 to $71.00 in a report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $69.11.

Hedge funds and other institutional investors have recently made changes to their positions in the company. State of Michigan Retirement System raised its holdings in shares of Regency Centers by 0.5% in the 4th quarter. State of Michigan Retirement System now owns 40,500 shares of the real estate investment trust’s stock worth $2,555,000 after acquiring an additional 200 shares during the last quarter. Presima Inc. raised its holdings in shares of Regency Centers by 1.4% in the 4th quarter. Presima Inc. now owns 14,500 shares of the real estate investment trust’s stock worth $915,000 after acquiring an additional 200 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of Regency Centers by 11.3% in the 4th quarter. Bessemer Group Inc. now owns 2,375 shares of the real estate investment trust’s stock worth $150,000 after acquiring an additional 241 shares during the last quarter. Retirement Systems of Alabama raised its holdings in shares of Regency Centers by 0.4% in the 4th quarter. Retirement Systems of Alabama now owns 73,643 shares of the real estate investment trust’s stock worth $4,646,000 after acquiring an additional 267 shares during the last quarter. Finally, Whittier Trust Co. raised its holdings in shares of Regency Centers by 23.1% in the 4th quarter. Whittier Trust Co. now owns 1,474 shares of the real estate investment trust’s stock worth $93,000 after acquiring an additional 277 shares during the last quarter. Hedge funds and other institutional investors own 93.87% of the company’s stock.

REG traded up $1.19 during trading on Friday, reaching $64.02. 1,358,344 shares of the stock traded hands, compared to its average volume of 800,916. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $10.58 billion, a PE ratio of 17.35, a P/E/G ratio of 2.50 and a beta of 0.37. The stock’s 50-day moving average is $62.79 and its 200 day moving average is $65.13. Regency Centers has a 12 month low of $60.35 and a 12 month high of $70.26.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Monday, February 24th will be issued a dividend of $0.595 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.38 annualized dividend and a dividend yield of 3.72%. This is a positive change from Regency Centers’s previous quarterly dividend of $0.59. Regency Centers’s dividend payout ratio is currently 63.41%.

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.

Featured Story: S&P 500 Index

Get a free copy of the Zacks research report on Regency Centers (REG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Regency Centers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regency Centers and related companies with MarketBeat.com's FREE daily email newsletter.