Regency Centers (REG) Expected to Announce Earnings on Thursday

Regency Centers (NASDAQ:REG - Get Free Report) is expected to post its quarterly earnings results after the market closes on Thursday, February 6th. Analysts expect Regency Centers to post earnings of $0.48 per share and revenue of $357.67 million for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.50). Regency Centers had a net margin of 27.78% and a return on equity of 5.85%. The business had revenue of $360.27 million for the quarter, compared to analyst estimates of $355.17 million. During the same period in the prior year, the business earned $1.02 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 Price Performance

NASDAQ:REG opened at $71.33 on Thursday. The firm's fifty day moving average price is $73.19 and its two-hundred day moving average price is $71.83. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $12.95 billion, a P/E ratio of 33.49, a P/E/G ratio of 3.68 and a beta of 1.22. Regency Centers has a one year low of $56.51 and a one year high of $76.53.

Regency Centers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 16th were issued a $0.705 dividend. This is a boost from Regency Centers's previous quarterly dividend of $0.67. This represents a $2.82 annualized dividend and a yield of 3.95%. The ex-dividend date was Monday, December 16th. Regency Centers's dividend payout ratio is currently 132.39%.

Analysts Set New Price Targets

A number of brokerages have issued reports on REG. BTIG Research increased their target price on shares of Regency Centers from $72.00 to $79.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. KeyCorp initiated coverage on shares of Regency Centers in a research report on Friday, October 25th. They issued an "overweight" rating and a $80.00 target price for the company. Robert W. Baird upped their price objective on Regency Centers from $71.00 to $78.00 and gave the stock an "outperform" rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. increased their price objective on Regency Centers from $77.00 to $80.00 and gave the company an "overweight" rating in a report on Monday, November 4th. Finally, Evercore ISI dropped their target price on shares of Regency Centers from $78.00 to $77.00 and set an "in-line" rating on the stock in a research report on Tuesday, December 24th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $78.08.

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.