Regency Centers Corporation (NYSE:REG) - Equities researchers at Capital One Financial Corporation upped their Q2 2017 earnings per share estimates for shares of Regency Centers Corporation in a research report issued to clients and investors on Tuesday. Capital One Financial Corporation analyst C. Lucas now anticipates that the real estate investment trust will post earnings per share of $0.90 for the quarter, up from their previous estimate of $0.86. Capital One Financial Corporation also issued estimates for Regency Centers Corporation’s FY2017 earnings at $3.68 EPS.
A number of other research analysts also recently commented on REG. Barclays PLC dropped their price objective on shares of Regency Centers Corporation from $73.00 to $71.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 18th. Jefferies Group LLC reaffirmed a “buy” rating and set a $74.00 price objective on shares of Regency Centers Corporation in a research note on Monday, July 17th. Citigroup Inc. reaffirmed a “neutral” rating and set a $67.00 price objective (down previously from $70.00) on shares of Regency Centers Corporation in a research note on Monday, July 10th. Royal Bank Of Canada reiterated a “buy” rating and set a $70.00 target price on shares of Regency Centers Corporation in a report on Monday, June 19th. Finally, BidaskClub upgraded Regency Centers Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $74.18.
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Regency Centers Corporation (NYSE REG) opened at 67.01 on Friday. Regency Centers Corporation has a 1-year low of $58.63 and a 1-year high of $85.32. The stock has a market cap of $11.37 billion, a price-to-earnings ratio of 115.53 and a beta of 0.55. The stock has a 50 day moving average of $62.86 and a 200 day moving average of $65.42.
Regency Centers Corporation (NYSE:REG) last posted its quarterly earnings data on Tuesday, May 9th. The real estate investment trust reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.07. Regency Centers Corporation had a net margin of 13.68% and a return on equity of 2.75%. The business had revenue of $189.43 million during the quarter, compared to analyst estimates of $185.43 million. During the same quarter last year, the firm posted $0.86 earnings per share.
A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in 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 in the last quarter. BlackRock Inc. boosted its position in 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 in the last quarter. State Street Corp boosted its position in 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 in the last quarter. APG Asset Management US Inc. boosted its position in Regency Centers Corporation by 15.3% in the first quarter. APG Asset Management US Inc. now owns 5,163,000 shares of the real estate investment trust’s stock worth $342,772,000 after buying an additional 684,300 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in 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 in the last quarter. Hedge funds and other institutional investors own 87.10% of the company’s stock.
In other Regency Centers Corporation news, insider H Craig Ramey sold 1,048 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was 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 owns 15,769 shares in the company, valued at approximately $980,358.73. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John C. Schweitzer sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $61.13, for a total value of $244,520.00. Following the completion of the transaction, the director now owns 46,694 shares of the company’s stock, valued at approximately $2,854,404.22. The disclosure for this sale can be found here. 12.66% of the stock is 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.
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