Regency Centers (NYSE:REG) Releases FY 2020 After-Hours Earnings Guidance

Regency Centers (NYSE:REG) updated its FY 2020
After-Hours earnings guidance on Wednesday. The company provided EPS guidance of 3.90-3.93 for the period. Regency Centers also updated its FY20 guidance to $3.90-3.93 EPS.

NYSE REG traded up $1.19 during trading hours on Friday, reaching $64.02. 1,358,344 shares of the company’s stock traded hands, 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 firm has a market cap of $10.58 billion, a PE ratio of 17.35, a PEG ratio of 2.50 and a beta of 0.37. The firm has a 50-day simple moving average of $62.75 and a 200 day simple moving average of $65.14. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.87 and a quick ratio of 0.87.

Regency Centers (NYSE:REG) last announced its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the Zacks’ 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 during the quarter, compared to analysts’ expectations of $284.66 million. During the same quarter last year, the company posted $0.46 EPS. Sell-side analysts forecast that Regency Centers will post 3.78 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Monday, February 24th will be given a $0.595 dividend. This is a boost from Regency Centers’s previous quarterly dividend of $0.59. This represents a $2.38 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend is Friday, February 21st. Regency Centers’s payout ratio is currently 63.41%.

Several analysts recently weighed in on REG shares. JPMorgan Chase & Co. downgraded Regency Centers from an overweight rating to a neutral rating and cut their price target for the stock from $71.00 to $65.00 in a research note on Wednesday, December 18th. Citigroup downgraded Regency Centers from a buy rating to a neutral rating and dropped their target price for the stock from $75.00 to $71.00 in a report on Thursday, December 12th. Jefferies Financial Group raised Regency Centers from a hold rating to a buy rating and boosted their target price for the stock from $66.00 to $71.00 in a report on Wednesday, January 15th. BMO Capital Markets reissued a hold rating and issued a $66.00 target price on shares of Regency Centers in a research note on Thursday, October 31st. Finally, Morgan Stanley downgraded Regency Centers from an overweight rating to an equal rating and reduced their price target for the company from $71.00 to $65.00 in a report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. Regency Centers currently has a consensus rating of Hold and a consensus price target of $69.11.

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.

Read More: Quiet Period

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

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