Q3 2017 EPS Estimates for Regency Centers Corporation Lifted by Analyst (REG)

Regency Centers Corporation (NYSE:REG) – Capital One Financial Corporation boosted their Q3 2017 earnings estimates for shares of Regency Centers Corporation in a report released on Tuesday. Capital One Financial Corporation analyst C. Lucas now expects that the real estate investment trust will post earnings per share of $0.93 for the quarter, up from their prior estimate of $0.88. Capital One Financial Corporation also issued estimates for Regency Centers Corporation’s Q4 2017 earnings at $0.95 EPS, Q1 2018 earnings at $0.93 EPS, Q2 2018 earnings at $0.95 EPS, Q3 2018 earnings at $0.97 EPS, Q4 2018 earnings at $1.00 EPS and FY2018 earnings at $3.86 EPS.

Regency Centers Corporation (NYSE:REG) last released its quarterly earnings data on Tuesday, May 9th. The real estate investment trust reported $0.90 EPS for the quarter, topping the consensus estimate of $0.83 by $0.07. Regency Centers Corporation had a return on equity of 2.75% and a net margin of 13.68%. The company had revenue of $189.43 million during the quarter, compared to the consensus estimate of $185.43 million. During the same period last year, the company earned $0.86 EPS.

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REG has been the topic of several other reports. Jefferies Group LLC raised Regency Centers Corporation from a “hold” rating to a “buy” rating and upped their target price for the company from $72.00 to $74.00 in a research report on Friday, June 16th. Citigroup Inc. reaffirmed a “neutral” rating and set a $67.00 target price (down from $70.00) on shares of Regency Centers Corporation in a research report on Monday, July 10th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $70.00 target price on shares of Regency Centers Corporation in a research report on Monday, June 19th. BidaskClub raised Regency Centers Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Finally, Barclays PLC reduced their target price on Regency Centers Corporation from $73.00 to $71.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 18th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Regency Centers Corporation has a consensus rating of “Hold” and an average price target of $74.18.

Regency Centers Corporation (REG) opened at 66.16 on Thursday. The stock has a market capitalization of $11.23 billion, a PE ratio of 114.07 and a beta of 0.55. Regency Centers Corporation has a 12 month low of $58.63 and a 12 month high of $85.32. The firm has a 50-day moving average price of $62.99 and a 200 day moving average price of $65.39.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Regency Centers Corporation by 4,387.0% in the first quarter. BlackRock Inc. now owns 14,817,817 shares of the real estate investment trust’s stock worth $983,755,000 after buying an additional 14,487,580 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Regency Centers Corporation by 59.5% in the first quarter. Vanguard Group Inc. now owns 25,851,494 shares of the real estate investment trust’s stock worth $1,716,282,000 after buying an additional 9,643,138 shares during the last quarter. State Street Corp increased its stake in shares of Regency Centers Corporation by 61.9% in the first quarter. State Street Corp now owns 8,575,865 shares of the real estate investment trust’s stock worth $569,344,000 after buying an additional 3,280,070 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Regency Centers Corporation by 109.7% in the second quarter. Daiwa Securities Group Inc. now owns 5,350,352 shares of the real estate investment trust’s stock worth $335,146,000 after buying an additional 2,799,040 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Regency Centers Corporation by 82.4% in the first quarter. Principal Financial Group Inc. now owns 4,940,581 shares of the real estate investment trust’s stock worth $328,071,000 after buying an additional 2,231,928 shares during the last quarter. Hedge funds and other institutional investors own 87.10% of the company’s stock.

In other news, Director John C. Schweitzer sold 4,000 shares of the stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $61.13, for a total value of $244,520.00. Following the transaction, the director now directly owns 46,694 shares of the company’s stock, valued at $2,854,404.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider H Craig Ramey sold 1,048 shares of the stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $62.17, for a total value of $65,154.16. Following the completion of the transaction, the insider now directly owns 15,769 shares in the company, valued at $980,358.73. The disclosure for this sale can be found here. 12.66% of the stock is currently owned by corporate insiders.

About Regency Centers Corporation

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.