Regency Centers (NYSE:REG) Issues FY19 Earnings Guidance

Regency Centers (NYSE:REG) updated its FY19 earnings guidance on Thursday. The company provided EPS guidance of $3.81-3.85 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.85. Regency Centers also updated its FY 2019 guidance to $3.81-3.85 EPS.

Separately, Citigroup set a $76.00 price objective on Regency Centers and gave the company a buy rating in a research note on Monday, May 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $69.33.

Regency Centers stock traded down $0.20 during midday trading on Friday, reaching $65.76. The stock had a trading volume of 1,183,725 shares, compared to its average volume of 852,078. Regency Centers has a 12 month low of $55.50 and a 12 month high of $70.26. The business has a 50-day moving average of $67.62. The firm has a market cap of $11.02 billion, a price-to-earnings ratio of 17.82, a PEG ratio of 2.50 and a beta of 0.37. 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 Thursday, August 1st. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.01). Regency Centers had a net margin of 23.19% and a return on equity of 3.86%. The firm had revenue of $268.43 million during the quarter, compared to the consensus estimate of $271.87 million. During the same quarter in the prior year, the firm posted $0.28 earnings per share. On average, equities research analysts anticipate that Regency Centers will post 3.78 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 22nd. Investors of record on Monday, August 12th will be paid a $0.585 dividend. This represents a $2.34 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend is Friday, August 9th. Regency Centers’s dividend payout ratio is currently 63.41%.

In related news, insider H Craig Ramey sold 1,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $66.90, for a total value of $66,900.00. Following the sale, the insider now directly owns 16,976 shares in the company, valued at approximately $1,135,694.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.10% of the company’s stock.

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

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