Regency Centers (REG) to Release Quarterly Earnings on Monday

Regency Centers (NASDAQ:REG) will be announcing its earnings results after the market closes on Monday, October 28th. Analysts expect the company to announce earnings of $1.04 per share for the quarter. Regency Centers has set its FY24 guidance at $4.21-4.25 EPS and its FY 2024 guidance at 4.210-4.250 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Regency Centers (NASDAQ:REG) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.48). Regency Centers had a return on equity of 5.63% and a net margin of 27.60%. The business had revenue of $357.25 million for the quarter, compared to the consensus estimate of $361.56 million. During the same period in the previous year, the firm earned $1.03 EPS. On average, analysts expect Regency Centers to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Regency Centers Trading Down 1.4 %

NASDAQ:REG opened at $71.01 on Friday. Regency Centers has a one year low of $56.51 and a one year high of $75.26. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93. The company’s 50-day simple moving average is $72.00 and its 200 day simple moving average is $65.60. The firm has a market capitalization of $13.12 billion, a P/E ratio of 34.64, a PEG ratio of 4.48 and a beta of 1.21.

Regency Centers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date was Thursday, September 12th. Regency Centers’s payout ratio is 130.73%.

Wall Street Analyst Weigh In

REG has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft cut shares of Regency Centers from a “buy” rating to a “hold” rating and increased their price target for the company from $70.00 to $75.00 in a report on Thursday, September 26th. Raymond James increased their price target on shares of Regency Centers from $67.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Scotiabank increased their price objective on shares of Regency Centers from $65.00 to $75.00 and gave the company a “sector perform” rating in a research report on Monday, August 26th. Truist Financial increased their price objective on shares of Regency Centers from $70.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, KeyCorp assumed coverage on shares of Regency Centers in a research report on Friday. They set an “overweight” rating and a $80.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Regency Centers presently has an average rating of “Moderate Buy” and a consensus target price of $76.55.

Insiders Place Their Bets

In other Regency Centers news, VP Michael R. Herman sold 1,000 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $69.57, for a total value of $69,570.00. Following the transaction, the vice president now directly owns 13,010 shares in the company, valued at approximately $905,105.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Regency Centers news, VP Michael R. Herman sold 1,000 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $69.57, for a total value of $69,570.00. Following the transaction, the vice president now directly owns 13,010 shares in the company, valued at approximately $905,105.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 25,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $70.00, for a total transaction of $1,750,000.00. Following the completion of the transaction, the chairman now owns 307,199 shares in the company, valued at $21,503,930. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Regency Centers Company Profile

Regency Centers is a preeminent national owner, operator, and developer of shopping centers located in suburban trade areas with compelling demographics. 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.