Regency Centers Corp (NYSE:REG) – Analysts at Boenning Scattergood issued their Q1 2019 earnings per share (EPS) estimates for Regency Centers in a research note issued on Tuesday. Boenning Scattergood analyst F. Van. Dijkum forecasts that the real estate investment trust will post earnings of $0.98 per share for the quarter. Boenning Scattergood currently 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.
Other equities analysts also recently issued research reports about the company. Zacks Investment Research raised Regency Centers from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Thursday, September 21st. Robert W. Baird reaffirmed a “buy” rating on shares of Regency Centers in a research report on Friday, November 3rd. SunTrust Banks reaffirmed a “buy” rating and issued a $74.00 target price on shares of Regency Centers in a research report on Friday, December 1st. Finally, Jefferies Group set a $69.00 target price on Regency Centers and gave the company a “hold” rating in a research report on Friday, December 15th. Seven equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $70.77.
Regency Centers (NYSE:REG) last posted its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.95 EPS for the quarter, beating the consensus estimate of $0.91 by $0.04. Regency Centers had a return on equity of 2.82% and a net margin of 17.59%. The company had revenue of $262.14 million for the quarter, compared to the consensus estimate of $254.04 million. During the same quarter in the prior year, the business earned $0.81 earnings per share.
In related news, Director Alan Todd Roth sold 2,500 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $69.89, for a total transaction of $174,725.00. Following the sale, the director now owns 7,453 shares of the company’s stock, valued at $520,890.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP James D. Thompson sold 14,983 shares of the stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $68.45, for a total value of $1,025,586.35. Following the sale, the vice president now directly owns 48,976 shares in the company, valued at approximately $3,352,407.20. The disclosure for this sale can be found here. Insiders have sold 23,983 shares of company stock worth $1,344,081 in the last three months. 12.66% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Regency Centers by 0.5% during the second quarter. Vanguard Group Inc. now owns 25,977,087 shares of the real estate investment trust’s stock worth $1,627,206,000 after buying an additional 125,593 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Regency Centers by 3.9% during the third quarter. Principal Financial Group Inc. now owns 5,156,883 shares of the real estate investment trust’s stock worth $319,928,000 after purchasing an additional 193,020 shares during the last quarter. Cbre Clarion Securities LLC lifted its stake in Regency Centers by 9.0% during the second quarter. Cbre Clarion Securities LLC now owns 4,059,624 shares of the real estate investment trust’s stock worth $254,295,000 after purchasing an additional 334,961 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Regency Centers by 2.4% during the third quarter. Dimensional Fund Advisors LP now owns 2,362,134 shares of the real estate investment trust’s stock worth $146,547,000 after purchasing an additional 54,832 shares during the last quarter. Finally, PGGM Investments lifted its stake in Regency Centers by 4.9% during the third quarter. PGGM Investments now owns 2,309,000 shares of the real estate investment trust’s stock worth $143,250,000 after purchasing an additional 107,000 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.
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Regency Centers Company Profile
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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