Regency Centers Corp (NYSE:REG) – Investment analysts at Boenning Scattergood issued their Q1 2019 earnings estimates for shares of Regency Centers in a report issued on Tuesday, Zacks Investment Research reports. Boenning Scattergood analyst F. Van. Dijkum forecasts that the real estate investment trust will earn $0.98 per share for the quarter. Boenning Scattergood has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for Regency Centers’ Q2 2019 earnings at $0.99 EPS, Q3 2019 earnings at $0.99 EPS, Q4 2019 earnings at $1.01 EPS and FY2019 earnings at $3.98 EPS.
REG has been the topic of a number of other reports. Zacks Investment Research lowered Regency Centers from a “buy” rating to a “hold” rating in a research report on Tuesday, November 28th. Robert W. Baird reiterated a “buy” rating on shares of Regency Centers in a research report on Friday, November 3rd. BMO Capital Markets set a $68.00 price objective on Regency Centers and gave the stock a “hold” rating in a research report on Thursday, January 11th. BTIG Research upgraded Regency Centers from a “neutral” rating to a “buy” rating and set a $72.00 price objective on the stock in a research report on Monday, January 29th. Finally, Jefferies Group set a $71.00 price objective on Regency Centers and gave the stock a “hold” rating in a research report on Friday, January 12th. Seven analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Regency Centers has a consensus rating of “Buy” and a consensus target price of $71.29.
Shares of Regency Centers (REG) traded down $0.57 during trading on Wednesday, reaching $60.12. The company’s stock had a trading volume of 853,747 shares, compared to its average volume of 1,002,977. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.53. The stock has a market cap of $10,324.00, a PE ratio of 66.80, a P/E/G ratio of 2.01 and a beta of 0.43. Regency Centers has a 1-year low of $58.63 and a 1-year high of $72.05.
Regency Centers (NYSE:REG) last announced its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.95 EPS for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.04. The business had revenue of $262.14 million for the quarter, compared to analysts’ expectations of $254.04 million. Regency Centers had a return on equity of 2.82% and a net margin of 17.59%. During the same period in the previous year, the firm earned $0.81 EPS.
In related news, VP James D. Thompson sold 14,983 shares of Regency Centers stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $68.45, for a total transaction of $1,025,586.35. Following the sale, the vice president now directly owns 48,976 shares in the company, valued at $3,352,407.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO J Christian Leavitt sold 2,000 shares of Regency Centers stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $67.61, for a total value of $135,220.00. Following the sale, the chief accounting officer now owns 14,314 shares in the company, valued at $967,769.54. The disclosure for this sale can be found here. Insiders have sold 598,762 shares of company stock worth $38,701,922 over the last 90 days. 12.66% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IHT Wealth Management LLC bought a new stake in shares of Regency Centers during the second quarter valued at approximately $124,000. Perigon Wealth Management LLC boosted its holdings in Regency Centers by 93.2% in the second quarter. Perigon Wealth Management LLC now owns 2,125 shares of the real estate investment trust’s stock worth $133,000 after acquiring an additional 1,025 shares in the last quarter. ZWJ Investment Counsel Inc. bought a new stake in Regency Centers in the fourth quarter worth $201,000. Advisor Group Inc. boosted its holdings in Regency Centers by 15.6% in the second quarter. Advisor Group Inc. now owns 2,999 shares of the real estate investment trust’s stock worth $188,000 after acquiring an additional 404 shares in the last quarter. Finally, Riverhead Capital Management LLC boosted its holdings in Regency Centers by 342.9% in the second quarter. Riverhead Capital Management LLC now owns 3,100 shares of the real estate investment trust’s stock worth $194,000 after acquiring an additional 2,400 shares in the last quarter. Institutional investors own 92.40% of the company’s stock.
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About Regency Centers
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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