Regency Centers (REG) Updates FY12 Earnings Guidance
Regency Centers (REG) updated its FY12 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.48-$2.52 for the period, compared to the Thomson Reuters consensus estimate of $2.47. Regency Centers also updated its FY13 guidance to $2.45-2.53 EPS.
On a related note, analysts at Robert W. Baird raised their price target on shares of Regency Centers from $45.00 to $50.00 in a research note to investors on Friday, September 14th. They now have a neutral rating on the stock.
Regency Centers (REG) traded down 0.94% on Wednesday, hitting $48.60. Regency Centers (REG) has a 52-week low of $34.34 and a 52-week high of $51.38.
Regency Centers last posted its quarterly earnings results on Wednesday, November 7th. The company reported $0.62 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.58 by $0.04. During the same quarter in 2011, the company posted $0.61 earnings per share. Analysts expect that Regency Centers (REG) will post $2.49 EPS for the current fiscal year.
Regency Centers Corporation (Regency) is a real estate investment trust (REIT). The Company is the managing general partner in Regency Centers, L.
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