Regency Centers (NASDAQ:REG) Posts Quarterly Earnings Results, Beats Estimates By $0.61 EPS

Regency Centers (NASDAQ:REG) issued its earnings results on Thursday. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.61, Zacks reports. Regency Centers had a return on equity of 5.85% and a net margin of 27.78%.

Regency Centers Stock Down 0.1 %

Shares of Regency Centers stock traded down $0.09 during trading hours on Thursday, reaching $72.95. 928,960 shares of the company were exchanged, compared to its average volume of 903,285. Regency Centers has a 1 year low of $56.51 and a 1 year high of $76.53. The stock’s fifty day moving average is $72.93 and its 200 day moving average is $72.06. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $13.24 billion, a PE ratio of 34.25, a PEG ratio of 3.71 and a beta of 1.22.

Analyst Ratings Changes

REG has been the topic of a number of recent analyst reports. Wells Fargo & Company decreased their price objective on Regency Centers from $81.00 to $80.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. Robert W. Baird upped their price objective on Regency Centers from $71.00 to $78.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Mizuho upped their price target on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 8th. BTIG Research upped their price target on Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Finally, JPMorgan Chase & Co. upped their price target on Regency Centers from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Regency Centers presently has an average rating of “Moderate Buy” and a consensus target price of $78.08.

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.