Regency Centers (NASDAQ:REG) Releases Earnings Results, Misses Expectations By $0.20 EPS

Regency Centers (NASDAQ:REG) announced its earnings results on Thursday. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.20), FiscalAI reports. The business had revenue of $419.06 million for the quarter, compared to the consensus estimate of $420.27 million. Regency Centers had a net margin of 34.38% and a return on equity of 8.04%.

Regency Centers Stock Down 0.7%

Regency Centers stock traded down $0.56 during trading hours on Thursday, hitting $76.28. The stock had a trading volume of 1,755,705 shares, compared to its average volume of 1,379,411. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $13.97 billion, a P/E ratio of 25.86, a price-to-earnings-growth ratio of 4.51 and a beta of 0.80. Regency Centers has a 12-month low of $66.86 and a 12-month high of $83.66. The stock’s 50-day moving average price is $73.68 and its 200-day moving average price is $76.67.

Analyst Ratings Changes

Several research firms recently commented on REG. LADENBURG THALM/SH SH boosted their price objective on shares of Regency Centers from $83.00 to $85.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Weiss Ratings downgraded shares of Regency Centers from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, August 20th. Barclays lowered their target price on shares of Regency Centers from $92.00 to $85.00 and set an “overweight” rating for the company in a report on Monday, September 28th. JPMorgan Chase & Co. raised Regency Centers from a “neutral” rating to an “overweight” rating and set a $83.00 price target on the stock in a research report on Thursday, September 24th. Finally, Griffin Securities set a $81.00 price target on Regency Centers in a research report on Monday, September 21st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Regency Centers currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.00.

Regency Centers Company Profile

Regency Centers Corporation is a real estate investment trust that owns, operates, develops and redevelops grocery-anchored shopping centers in the United States. Its properties are designed to serve everyday consumer needs and typically include supermarkets, restaurants, service providers, retailers and other commercial tenants.

The company focuses primarily on high-quality shopping centers located in established and growing communities, often in affluent or densely populated trade areas.