The Q1 2017 Earnings Estimate for Regency Centers Corp. Issued By Capital One Financial Corp. (REG)

The Q1 2017 Earnings Estimate for Regency Centers Corp. Issued By Capital One Financial Corp. (REG)

Regency Centers Corp. (NYSE:REG) – Stock analysts at Capital One Financial Corp. lowered their Q1 2017 earnings per share (EPS) estimates for Regency Centers Corp. in a research note issued to investors on Wednesday. Capital One Financial Corp. analyst C. Lucas now anticipates that the firm will post earnings per share of $0.82 for the quarter, down from their prior estimate of $0.85.

A number of other research firms also recently commented on REG. Zacks Investment Research downgraded Regency Centers Corp. from a “hold” rating to a “sell” rating in a report on Monday, October 24th. Raymond James Financial Inc. reiterated a “market perform” rating on shares of Regency Centers Corp. in a report on Monday, January 9th. Jefferies Group reiterated a “hold” rating on shares of Regency Centers Corp. in a report on Wednesday, November 9th. TheStreet upgraded Regency Centers Corp. from a “c+” rating to a “b-” rating in a report on Tuesday. Finally, RBC Capital Markets downgraded Regency Centers Corp. from a “top pick” rating to an “outperform” rating and lowered their price target for the company from $86.00 to $78.00 in a report on Tuesday, January 3rd. Nine investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $78.58.

Shares of Regency Centers Corp. (NYSE:REG) opened at 68.91 on Thursday. The firm’s 50-day moving average is $67.99 and its 200 day moving average is $74.75. The company has a market cap of $7.18 billion, a price-to-earnings ratio of 64.64 and a beta of 0.62. Regency Centers Corp. has a 1-year low of $65.16 and a 1-year high of $85.35.

Regency Centers Corp. (NYSE:REG) last posted its quarterly earnings results on Tuesday, November 1st. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.01. Regency Centers Corp. had a net margin of 20.55% and a return on equity of 6.61%. During the same period in the previous year, the firm earned $0.76 EPS.

Several hedge funds and other institutional investors have recently modified their holdings of REG. Veritable L.P. boosted its position in shares of Regency Centers Corp. by 0.5% in the second quarter. Veritable L.P. now owns 8,463 shares of the real estate investment trust’s stock worth $709,000 after buying an additional 40 shares during the last quarter. 1st Global Advisors Inc. boosted its position in shares of Regency Centers Corp. by 1.5% in the third quarter. 1st Global Advisors Inc. now owns 3,750 shares of the real estate investment trust’s stock worth $291,000 after buying an additional 57 shares during the last quarter. Somerset Trust Co boosted its position in shares of Regency Centers Corp. by 1.3% in the third quarter. Somerset Trust Co now owns 6,053 shares of the real estate investment trust’s stock worth $469,000 after buying an additional 77 shares during the last quarter. Alps Advisors Inc. boosted its position in shares of Regency Centers Corp. by 0.8% in the third quarter. Alps Advisors Inc. now owns 11,086 shares of the real estate investment trust’s stock worth $859,000 after buying an additional 83 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Regency Centers Corp. by 3.1% in the second quarter. PNC Financial Services Group Inc. now owns 3,390 shares of the real estate investment trust’s stock worth $284,000 after buying an additional 103 shares during the last quarter. 98.55% of the stock is owned by institutional investors.

In other news, Director Bryce Blair bought 1,486 shares of Regency Centers Corp. stock in a transaction that occurred on Thursday, December 22nd. The stock was purchased at an average cost of $66.92 per share, with a total value of $99,443.12. Following the completion of the transaction, the director now directly owns 4,084 shares in the company, valued at $273,301.28. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is owned by company insiders.

Regency Centers Corp. Company Profile

Regency Centers Corporation is a real estate investment trust (REIT) and the general partner of the Regency Centers, L.P. (Operating Partnership). The Company’s operating, investing and financing activities are performed through the Operating Partnership, its subsidiaries and through its co-investment partnerships.

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