Regency Centers (NASDAQ:REG) Releases Quarterly 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 the consensus estimate of $0.61 by ($0.20), FiscalAI reports. Regency Centers had a net margin of 34.38% and a return on equity of 8.04%. The company had revenue of $419.06 million for the quarter, compared to analysts’ expectations of $420.27 million.

Regency Centers Stock Performance

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

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. LADENBURG THALM/SH SH upped their price objective on shares of Regency Centers from $83.00 to $85.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Morgan Stanley dropped their target price on Regency Centers from $88.00 to $87.00 and set an “overweight” rating on the stock in a report on Monday, October 5th. UBS Group cut their price objective on Regency Centers from $85.00 to $77.00 and set a “neutral” rating for the company in a report on Friday, October 9th. Mizuho dropped their price target on shares of Regency Centers from $82.00 to $76.00 and set a “neutral” rating on the stock in a research note on Thursday, September 24th. Finally, Weiss Ratings cut Regency Centers from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Regency Centers currently has an average rating of “Moderate Buy” and a consensus target price of $83.00.

About Regency Centers

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.