Analysts predict that Regency Centers Corp (NYSE:REG) will report $0.99 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Regency Centers’ earnings, with estimates ranging from $0.96 to $1.02. Regency Centers posted earnings of $0.98 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 1%. The business is scheduled to issue its next quarterly earnings results on Thursday, May 7th.

According to Zacks, 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 financial 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 an average based on a survey of research firms that follow Regency Centers.

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

Several research analysts have recently commented on the stock. Jefferies Financial Group raised shares of Regency Centers from a “hold” rating to a “buy” rating and raised their target price for the stock from $66.00 to $71.00 in a report on Wednesday, January 15th. Citigroup lowered shares of Regency Centers from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $75.00 to $71.00 in a research report on Thursday, December 12th. Scotiabank lowered shares of Regency Centers from an “outperform” rating to a “sector perform” rating in a research report on Monday, November 4th. Morgan Stanley lowered shares of Regency Centers from an “overweight” rating to an “equal” rating and reduced their price target for the stock from $71.00 to $65.00 in a research report on Tuesday, December 17th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $66.00 price target on shares of Regency Centers in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $69.11.

Several hedge funds and other institutional investors have recently bought and sold shares of REG. Orion Portfolio Solutions LLC acquired a new stake in Regency Centers in the fourth quarter valued at approximately $31,000. CSat Investment Advisory L.P. boosted its position in Regency Centers by 26.5% in the fourth quarter. CSat Investment Advisory L.P. now owns 1,324 shares of the real estate investment trust’s stock valued at $84,000 after buying an additional 277 shares in the last quarter. Whittier Trust Co. boosted its position in Regency Centers by 23.1% in the fourth quarter. Whittier Trust Co. now owns 1,474 shares of the real estate investment trust’s stock valued at $93,000 after buying an additional 277 shares in the last quarter. Quadrant Capital Group LLC boosted its position in Regency Centers by 132.1% in the third quarter. Quadrant Capital Group LLC now owns 1,576 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 897 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its position in Regency Centers by 35.7% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,900 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 93.87% of the company’s stock.

Shares of REG traded up $1.19 during mid-day trading on Friday, hitting $64.02. 1,358,344 shares of the company’s stock were exchanged, compared to its average volume of 800,916. Regency Centers has a 52 week low of $60.35 and a 52 week high of $70.26. The stock’s 50-day simple moving average is $62.79 and its 200-day simple moving average is $65.13. The firm has a market cap of $10.58 billion, a price-to-earnings ratio of 17.35, a price-to-earnings-growth ratio of 2.50 and a beta of 0.37. 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 company also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Monday, February 24th will be given a dividend of $0.595 per share. This is a positive change from Regency Centers’s previous quarterly dividend of $0.59. The ex-dividend date is Friday, February 21st. This represents a $2.38 annualized dividend and a dividend yield of 3.72%. Regency Centers’s dividend payout ratio (DPR) 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.

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

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