Regency Centers (REG) Scheduled to Post Quarterly Earnings on Monday

Regency Centers (NASDAQ:REG) is scheduled to announce 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.Parties that wish to register for the company’s conference call can do so using this link.

Regency Centers (NASDAQ:REG) last released its earnings results on Thursday, August 1st. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.48). Regency Centers had a return on equity of 5.63% and a net margin of 27.60%. The firm had revenue of $357.25 million for the quarter, compared to the consensus estimate of $361.56 million. During the same quarter last year, the company posted $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 Stock Performance

REG opened at $71.01 on Friday. 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 has a market capitalization of $13.12 billion, a price-to-earnings ratio of 34.64, a P/E/G ratio of 4.48 and a beta of 1.21. The business’s 50-day moving average price is $72.03 and its two-hundred day moving average price is $65.72. Regency Centers has a 1 year low of $56.51 and a 1 year high of $75.26.

Regency Centers Dividend Announcement

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

Insider Transactions at Regency Centers

In other Regency Centers news, VP Michael R. Herman sold 1,000 shares of the company’s stock in a transaction 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 $905,105.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Chairman Martin E. Stein, Jr. sold 25,000 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $70.00, for a total value of $1,750,000.00. Following the completion of the sale, the chairman now directly owns 307,199 shares in the company, valued at $21,503,930. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Michael R. Herman sold 1,000 shares of the company’s stock in a transaction 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 completion of the transaction, the vice president now directly owns 13,010 shares in the company, valued at approximately $905,105.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

REG has been the subject of several research reports. Scotiabank raised their price target on shares of Regency Centers from $65.00 to $75.00 and gave the stock a “sector perform” rating in a research note on Monday, August 26th. KeyCorp began coverage on shares of Regency Centers in a research report on Friday. They set an “overweight” rating and a $80.00 price target on the stock. Deutsche Bank Aktiengesellschaft cut Regency Centers from a “buy” rating to a “hold” rating and raised their price objective for the company from $70.00 to $75.00 in a report on Thursday, September 26th. Truist Financial upped their target price on Regency Centers from $70.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Wells Fargo & Company increased their price target on Regency Centers from $69.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Regency Centers presently has a consensus rating of “Moderate Buy” and an average price target of $76.55.

About Regency Centers

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.