Regency Centers (NASDAQ:REG) Issues Earnings Results, Misses Estimates By $0.01 EPS
by Teresa Graham · The Cerbat GemRegency Centers (NASDAQ:REG – Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.01), Zacks reports. Regency Centers had a return on equity of 7.79% and a net margin of 33.95%.The business had revenue of $412.45 million during the quarter, compared to the consensus estimate of $410.81 million. During the same period last year, the company earned $1.15 earnings per share. Regency Centers updated its FY 2026 guidance to 4.830-4.870 EPS.
Regency Centers Price Performance
NASDAQ REG traded down $0.93 on Wednesday, reaching $79.38. 1,549,096 shares of the stock traded hands, compared to its average volume of 1,361,417. The firm’s fifty day simple moving average is $77.80 and its 200 day simple moving average is $73.27. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.68. The company has a market cap of $14.53 billion, a price-to-earnings ratio of 28.35, a P/E/G ratio of 3.44 and a beta of 0.90. Regency Centers has a 12 month low of $66.86 and a 12 month high of $81.66.
Regency Centers Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th were paid a dividend of $0.755 per share. This represents a $3.02 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Wednesday, March 11th. Regency Centers’s dividend payout ratio (DPR) is presently 107.86%.
Insider Activity at Regency Centers
In other news, Chairman Martin E. Stein, Jr. sold 38,000 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $77.21, for a total transaction of $2,933,980.00. Following the completion of the sale, the chairman owned 157,892 shares in the company, valued at approximately $12,190,841.32. This represents a 19.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders sold 177,490 shares of company stock worth $13,839,932. 1.00% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Regency Centers
A number of hedge funds have recently modified their holdings of the stock. Meeder Advisory Services Inc. increased its position in Regency Centers by 33.8% during the fourth quarter. Meeder Advisory Services Inc. now owns 5,007 shares of the company’s stock worth $346,000 after buying an additional 1,265 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in Regency Centers during the fourth quarter worth about $344,000. Boothbay Fund Management LLC bought a new position in Regency Centers during the third quarter worth about $309,000. EP Wealth Advisors LLC bought a new position in Regency Centers during the fourth quarter worth about $289,000. Finally, Merit Financial Group LLC lifted its stake in Regency Centers by 13.2% during the third quarter. Merit Financial Group LLC now owns 3,810 shares of the company’s stock worth $278,000 after purchasing an additional 444 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on REG shares. Royal Bank Of Canada raised Regency Centers to a “sector perform” rating in a report on Friday, January 9th. Citigroup increased their price target on Regency Centers from $75.00 to $76.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. Scotiabank increased their price target on Regency Centers from $76.00 to $82.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 24th. Mizuho reaffirmed a “neutral” rating and set a $74.00 price target (down from $77.00) on shares of Regency Centers in a research note on Friday, January 9th. Finally, Truist Financial increased their price target on Regency Centers from $77.00 to $84.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, Regency Centers presently has an average rating of “Moderate Buy” and a consensus target price of $80.36.
Check Out Our Latest Report on Regency Centers
Regency Centers Company Profile
Regency Centers Corporation is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of grocery-anchored shopping centers. Focused on everyday needs retail, the company’s portfolio is strategically concentrated in high-growth, densely populated markets across the United States. By aligning its properties with essential retailers, Regency Centers delivers stable income streams and drives sustained value for shareholders.
Founded in 1963 and headquartered in Jacksonville, Florida, Regency Centers began as a single shopping center developer before evolving into one of the largest owners of grocery-center real estate.