Regency Centers Co. (NYSE:REG) – Equities researchers at Capital One Financial dropped their FY2019 earnings per share (EPS) estimates for Regency Centers in a research report issued on Wednesday, April 11th. Capital One Financial analyst C. Lucas now expects that the real estate investment trust will post earnings of $3.97 per share for the year, down from their previous forecast of $3.99.

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

Several other research firms have also commented on REG. BMO Capital Markets set a $68.00 price target on shares of Regency Centers and gave the company a “hold” rating in a report on Thursday, January 11th. Boenning Scattergood reiterated a “hold” rating on shares of Regency Centers in a research report on Tuesday, January 16th. Jefferies Group set a $71.00 price objective on shares of Regency Centers and gave the stock a “hold” rating in a research report on Friday, January 12th. BTIG Research upgraded shares of Regency Centers from a “neutral” rating to a “buy” rating and set a $72.00 price objective for the company in a research report on Monday, January 29th. Finally, SunTrust Banks set a $67.00 price objective on shares of Regency Centers and gave the stock a “buy” rating in a research report on Friday, March 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $68.89.

NYSE:REG opened at $58.53 on Monday. Regency Centers has a one year low of $54.87 and a one year high of $70.64. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $9,972.69, a price-to-earnings ratio of 15.86, a price-to-earnings-growth ratio of 2.19 and a beta of 0.47.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ZWJ Investment Counsel Inc. acquired a new position in shares of Regency Centers during the 4th quarter worth about $201,000. Wetherby Asset Management Inc. acquired a new position in shares of Regency Centers during the 4th quarter worth about $213,000. Commerzbank Aktiengesellschaft FI acquired a new position in shares of Regency Centers during the 4th quarter worth about $227,000. Parametrica Management Ltd acquired a new position in shares of Regency Centers during the 4th quarter worth about $229,000. Finally, Conning Inc. acquired a new position in shares of Regency Centers during the 4th quarter worth about $259,000. Hedge funds and other institutional investors own 91.60% of the company’s stock.

In related news, Director Chaim Katzman sold 1,759,257 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $57.56, for a total transaction of $101,262,832.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John C. Schweitzer sold 7,136 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $58.36, for a total transaction of $416,456.96. Following the transaction, the director now owns 45,847 shares of the company’s stock, valued at approximately $2,675,630.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,095,240 shares of company stock valued at $122,811,931. Insiders own 1.10% of the company’s stock.

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

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About Regency Centers

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.

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

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