Regency Centers Co. (NASDAQ:REG) – Analysts at Capital One Financial cut their Q2 2021 earnings per share (EPS) estimates for shares of Regency Centers in a research note issued on Tuesday, April 6th. Capital One Financial analyst C. Lucas now expects that the company will post earnings per share of $0.76 for the quarter, down from their previous forecast of $0.79. Capital One Financial also issued estimates for Regency Centers’ Q3 2021 earnings at $0.77 EPS and Q1 2022 earnings at $0.82 EPS.
Several other analysts have also recently commented on the stock. Argus reiterated a “hold” rating on shares of Regency Centers in a research report on Wednesday, March 10th. Wells Fargo & Company increased their target price on Regency Centers from $52.00 to $63.00 and gave the company an “overweight” rating in a research note on Tuesday, March 16th. Morgan Stanley raised their target price on Regency Centers from $38.00 to $47.50 and gave the stock an “equal weight” rating in a report on Wednesday, March 3rd. Truist upped their price target on Regency Centers from $50.00 to $57.00 in a research note on Wednesday, March 31st. Finally, Compass Point raised shares of Regency Centers from a “neutral” rating to a “buy” rating and set a $54.00 price objective on the stock in a research note on Monday, January 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $51.54.
Regency Centers (NASDAQ:REG) last released its earnings results on Wednesday, February 10th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.06. Regency Centers had a net margin of 4.51% and a return on equity of 1.01%.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 6th. Investors of record on Monday, March 15th were issued a dividend of $0.595 per share. The ex-dividend date of this dividend was Friday, March 12th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 4.08%. Regency Centers’s payout ratio is 61.18%.
In related news, VP Dan M. Chandler III sold 10,000 shares of the company’s stock in a transaction on Tuesday, March 16th. The shares were sold at an average price of $58.10, for a total value of $581,000.00. Insiders own 1.00% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Vantage Consulting Group Inc bought a new stake in Regency Centers in the 4th quarter valued at approximately $30,000. Neo Ivy Capital Management acquired a new stake in shares of Regency Centers in the third quarter valued at approximately $38,000. Laffer Tengler Investments bought a new stake in shares of Regency Centers in the fourth quarter worth $54,000. Signaturefd LLC lifted its position in shares of Regency Centers by 70.1% in the fourth quarter. Signaturefd LLC now owns 1,420 shares of the company’s stock worth $65,000 after purchasing an additional 585 shares in the last quarter. Finally, Ellevest Inc. boosted its holdings in Regency Centers by 970.8% during the fourth quarter. Ellevest Inc. now owns 3,009 shares of the company’s stock worth $137,000 after purchasing an additional 2,728 shares during the last quarter. 89.22% of the stock is currently owned by institutional investors and hedge funds.
Regency Centers Company Profile
Regency Centers Corp. operates as a real estate investment trust, which engages in the ownership, operation, and development of retail shopping centers. Its portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to its neighborhoods, communities, and customers.
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