Regency Centers Corp (NYSE:REG) – Equities research analysts at Capital One Financial reduced their Q3 2019 earnings per share estimates for shares of Regency Centers in a research report issued on Wednesday, August 14th. Capital One Financial analyst C. Lucas now anticipates that the real estate investment trust will post earnings per share of $0.95 for the quarter, down from their prior estimate of $0.98. Capital One Financial also issued estimates for Regency Centers’ Q4 2019 earnings at $0.97 EPS, FY2019 earnings at $3.82 EPS, Q1 2020 earnings at $0.99 EPS, Q2 2020 earnings at $0.99 EPS, Q3 2020 earnings at $0.99 EPS, Q4 2020 earnings at $1.02 EPS, FY2020 earnings at $3.99 EPS, Q1 2021 earnings at $1.04 EPS, Q2 2021 earnings at $1.03 EPS and FY2021 earnings at $4.15 EPS.
Regency Centers (NYSE:REG) last posted its earnings results on Thursday, August 1st. The real estate investment trust reported $0.95 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.01). The business had revenue of $268.43 million for the quarter, compared to analyst estimates of $271.87 million. Regency Centers had a return on equity of 3.86% and a net margin of 23.19%. During the same period in the previous year, the company earned $0.28 earnings per share.
Regency Centers stock opened at $65.00 on Monday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market capitalization of $10.92 billion, a price-to-earnings ratio of 17.62, a PEG ratio of 2.50 and a beta of 0.37. Regency Centers has a one year low of $55.50 and a one year high of $70.26. The company’s fifty day moving average price is $66.36 and its two-hundred day moving average price is $66.49.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Monday, August 12th will be given a $0.585 dividend. This represents a $2.34 annualized dividend and a dividend yield of 3.60%. The ex-dividend date of this dividend is Friday, August 9th. Regency Centers’s dividend payout ratio is currently 63.41%.
In other news, VP Dan M. Chandler III sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $65.15, for a total value of $228,025.00. Following the sale, the vice president now directly owns 15,457 shares of the company’s stock, valued at $1,007,023.55. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Alan Todd Roth sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $65.74, for a total value of $197,220.00. Following the completion of the sale, the insider now directly owns 8,001 shares in the company, valued at $525,985.74. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,783 shares of company stock worth $639,965. 1.10% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of REG. Nuveen Asset Management LLC grew its position in shares of Regency Centers by 122.9% in the second quarter. Nuveen Asset Management LLC now owns 2,856,520 shares of the real estate investment trust’s stock valued at $190,644,000 after purchasing an additional 1,575,165 shares during the last quarter. PGGM Investments grew its position in shares of Regency Centers by 54.0% in the second quarter. PGGM Investments now owns 4,070,645 shares of the real estate investment trust’s stock valued at $271,675,000 after purchasing an additional 1,427,645 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Regency Centers by 5.7% in the second quarter. Vanguard Group Inc. now owns 26,661,698 shares of the real estate investment trust’s stock valued at $1,779,402,000 after purchasing an additional 1,427,631 shares during the last quarter. Invesco Ltd. grew its position in shares of Regency Centers by 12.7% in the second quarter. Invesco Ltd. now owns 4,092,710 shares of the real estate investment trust’s stock valued at $273,146,000 after purchasing an additional 461,012 shares during the last quarter. Finally, Brookfield Asset Management Inc. grew its position in shares of Regency Centers by 23.0% in the second quarter. Brookfield Asset Management Inc. now owns 2,005,316 shares of the real estate investment trust’s stock valued at $133,835,000 after purchasing an additional 374,516 shares during the last quarter. 93.87% of the stock is currently owned by institutional investors.
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.
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