About Regency Centers Corporation (NYSE:REG)
Regency Centers Corporation is a real estate investment trust (REIT). The Company is the general partner of Regency Centers, L.P. (the Operating Partnership). The Company is engaged in the ownership, management, leasing, acquisition and development of retail shopping centers through the Operating Partnership. The Company's properties include Palm Valley Marketplace, Shops at Arizona, Amerige Heights Town Center, Clayton Valley Shopping Center, Five Points Shopping Center, French Valley Village Center, Hasley Canyon Village, Pleasant Hill Shopping Center, Snell & Branham Plaza, Applewood Shopping Center, Kent Place, Black Rock, Spring Valley Shopping Center and Pebblebrook Plaza. As of December 31, 2016, the Company owned all of the Preferred Units of the Operating Partnership and approximately 99.9% of the Units in the Operating Partnership. As of December 31, 2016, it owned direct or partial interests in 307 shopping centers.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Retail REITs
- Sub-Industry: Retail REITs
- Symbol: NYSE:REG
- CUSIP: 75884910
- Web: www.regencycenters.com
- Market Cap: $10.82 billion
- Outstanding Shares: 169,742,000
- 50 Day Moving Avg: $63.60
- 200 Day Moving Avg: $63.73
- 52 Week Range: $58.63 - $74.87
Sales & Book Value:
- Trailing P/E Ratio: 105.73
- Foreward P/E Ratio: 43.36
- P/E Growth: 5.85
- Annual Revenue: $798.89 million
- Price / Sales: 13.54
- Book Value: $38.98 per share
- Price / Book: 1.64
- Annual Dividend: $2.12
- Dividend Yield: 3.3%
- EBITDA: $508.87 million
- Net Margins: 13.19%
- Return on Equity: 2.20%
- Return on Assets: 1.26%
- Debt-to-Equity Ratio: 0.53%
- Current Ratio: 0.93%
- Quick Ratio: 0.93%
- Average Volume: 878,552 shs.
- Beta: 0.56
- Short Ratio: 3.88
Frequently Asked Questions for Regency Centers Corporation (NYSE:REG)
What is Regency Centers Corporation's stock symbol?
Regency Centers Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "REG."
How often does Regency Centers Corporation pay dividends? What is the dividend yield for Regency Centers Corporation?
Regency Centers Corporation announced a quarterly dividend on Thursday, August 3rd. Investors of record on Wednesday, August 16th will be paid a dividend of $0.53 per share on Wednesday, August 30th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date is Monday, August 14th. View Regency Centers Corporation's Dividend History.
How were Regency Centers Corporation's earnings last quarter?
Regency Centers Corporation (NYSE:REG) posted its quarterly earnings results on Thursday, August, 3rd. The company reported $0.93 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.90 by $0.03. The firm had revenue of $240.42 million for the quarter, compared to analyst estimates of $248.50 million. Regency Centers Corporation had a return on equity of 2.20% and a net margin of 13.19%. During the same period in the previous year, the firm posted $0.81 EPS. View Regency Centers Corporation's Earnings History.
When will Regency Centers Corporation make its next earnings announcement?
What guidance has Regency Centers Corporation issued on next quarter's earnings?
Regency Centers Corporation updated its FY17 earnings guidance on Thursday, August, 3rd. The company provided EPS guidance of $3.62-3.68 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.64.
Where is Regency Centers Corporation's stock going? Where will Regency Centers Corporation's stock price be in 2017?
11 analysts have issued 12 month target prices for Regency Centers Corporation's stock. Their forecasts range from $62.50 to $80.00. On average, they expect Regency Centers Corporation's share price to reach $71.45 in the next twelve months. View Analyst Ratings for Regency Centers Corporation.
What are analysts saying about Regency Centers Corporation stock?
Here are some recent quotes from research analysts about Regency Centers Corporation stock:
- 1. According to Zacks Investment Research, "Shares of Regency have underperformed its industry, year to date. However, the stock has seen the Zacks Consensus Estimates for 2017 and 2018 funds from operations (FFO) per share being revised upward in a month’s time. It did not report any significant damage from the recent hurricanes. The company’s focus on building a premium portfolio of grocery-anchored shopping centers, which are usually necessity-driven, along with the presence of leading grocers in its tenant roaster, augurs well. Also, Regency’s merger with Equity One elevated the company’s position in the retail real estate market and offered it a host of opportunities to drive growth. Yet, the recent efforts of online retailers to go deeper into the grocery business have emerged as a concern for this real estate investment trust (REIT)." (10/10/2017)
- 2. UBS AG analysts commented, "REG completed its merger with EQY on 3/1 creating the largest shopping center REIT in the sector with a market cap of nearly $12B. REG is not planning to revise FFO guidance until its 1Q earnings release in May, giving it time to work through the lease MTM and other integration items before formally updating the market. REG did, however, raise SSNOI guidance to 3.0%-3.8% (from 2.25%-3.0%), which reflects the strong near-term growth profile embedded in the acquired EQY assets. Based on updated financials from EQY earlier this week, we estimate the deal closed at a rather full 4.9% implied cap rate (slightly above our initial 4.8% est when the deal was first announced) and will be ~2% accretive to 2018 core FFO." (3/3/2017)
- 3. Robert W. Baird analysts commented, "We are updating our estimates to reflect updated 2016 and initial 2017 guidance (released yesterday). The newly issued 2017 guidance implies above average FFO per share growth (+5.5%) and above-average internal growth (+2.75% SSNOI growth) vs. the shopping center peer group. With shares of REG currently trading at a 4% discount to NAV, we believe this is an attractive entry point for a high quality portfolio that should deliver outsized NAV growth over the next two years." (1/17/2017)
Who are some of Regency Centers Corporation's key competitors?
Some companies that are related to Regency Centers Corporation include GGP (GGP), Macerich Company (The) (MAC), Kimco Realty Corporation (KIM), National Retail Properties (NNN), Brixmor Property Group (BRX), Weingarten Realty Investors (WRI), CoreSite Realty Corporation (COR), DDR Corp. (DDR), Taubman Centers (TCO), Retail Properties of America (RPAI), Urban Edge Properties (UE), Acadia Realty Trust (AKR), Tanger Factory Outlet Centers (SKT), Retail Opportunity Investments Corp (ROIC), Kite Realty Group Trust (KRG), Washington Prime Group (WPG), Four Corners Property Trust (FCPT) and Agree Realty Corporation (ADC).
Who are Regency Centers Corporation's key executives?
Regency Centers Corporation's management team includes the folowing people:
- Martin Edward Stein Jr., Chairman of the Board, Chief Executive Officer
- Lisa Palmer, President, Chief Financial Officer
- Dan Mcfarland Chandler III, Executive Vice President - Development
- James D. Thompson, Executive Vice President - Operations
- Michael Mas, Managing Director - Finance
- Chaim Katzman, Non-Executive Vice Chairman of the Board
- John C. Schweitzer, Lead Independent Director
- Joseph Azrack, Independent Director
- Raymond L. Bank, Independent Director
- Bryce Blair, Independent Director
Who owns Regency Centers Corporation stock?
Regency Centers Corporation's stock is owned by many different of institutional and retail investors. Top institutional shareholders include
(11.00%), PGGM Investments (1.36%), Nationwide Fund Advisors (0.23%), Strs Ohio (0.12%), State Treasurer State of Michigan (0.03%) and Mutual of America Capital Management LLC (0.02%). Company insiders that own Regency Centers Corporation stock include Alan Todd Roth, Brian M Smith, Bryce Blair, Chaim Katzman, Dan M Chandler III, H Craig Ramey, J Christian Leavitt, James D Thompson, John C Schweitzer, John S Delatour, Lisa Palmer, Mary Lou Fiala and Nicholas Andrew Wibbenmeyer. View Institutional Ownership Trends for Regency Centers Corporation.
Who sold Regency Centers Corporation stock? Who is selling Regency Centers Corporation stock?
Regency Centers Corporation's stock was sold by a variety of institutional investors in the last quarter, including Spirit of America Management Corp NY, Strs Ohio, Northpointe Capital LLC, State Treasurer State of Michigan and Mutual of America Capital Management LLC. Company insiders that have sold Regency Centers Corporation stock in the last year include Chaim Katzman, H Craig Ramey, John C Schweitzer, Lisa Palmer and Mary Lou Fiala. View Insider Buying and Selling for Regency Centers Corporation.
Who bought Regency Centers Corporation stock? Who is buying Regency Centers Corporation stock?
How do I buy Regency Centers Corporation stock?
Shares of Regency Centers Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Regency Centers Corporation's stock price today?
MarketBeat Community Rating for Regency Centers Corporation (NYSE REG)MarketBeat's community ratings are surveys of what our community members think about Regency Centers Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Regency Centers Corporation stock can currently be purchased for approximately $63.74.
Consensus Ratings for Regency Centers Corporation (NYSE:REG) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||6 Hold Ratings, 4 Buy Ratings, 1 Strong Buy Rating|
|Consensus Rating:||Buy (Score: 2.55)|
|Consensus Price Target: ||$71.45 (12.10% upside)|Consensus Price Target History for Regency Centers Corporation (NYSE:REG)
Analysts' Ratings History for Regency Centers Corporation (NYSE:REG)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/3/2017||Boenning Scattergood||Upgrade||Under Perform -> Neutral||Low|
|9/15/2017||Jefferies Group LLC||Downgrade||Buy -> Hold||$74.00 -> $67.00||Medium|
|9/11/2017||BMO Capital Markets||Initiated Coverage||Market Perform||$65.00||Medium|
|8/31/2017||Argus||Lower Price Target||Buy||$80.00 -> $75.00||Low|
|8/24/2017||Robert W. Baird||Reiterated Rating||Buy||$72.00||Low|
|8/17/2017||Royal Bank Of Canada||Upgrade||Outperform -> Top Pick||$72.00 -> $75.00||Low|
|8/14/2017||Citigroup Inc.||Set Price Target||Hold||$67.00 -> $70.00||Low|
|7/18/2017||Barclays PLC||Lower Price Target||Equal Weight||$73.00 -> $71.00||Low|
|1/19/2017||SunTrust Banks, Inc.||Upgrade||Hold -> Buy||$77.00||N/A|
|1/9/2017||Raymond James Financial, Inc.||Reiterated Rating||Outperform -> Market Perform||N/A|
|11/3/2016||Evercore ISI||Upgrade||Hold -> Buy||$80.00||N/A|
|8/25/2016||BTIG Research||Initiated Coverage||Neutral||N/A|
|8/17/2016||Deutsche Bank AG||Boost Price Target||Hold||$69.00 -> $77.00||N/A|
|5/5/2016||Credit Suisse Group||Reiterated Rating||Hold||$74.00||N/A|
|1/12/2016||Cowen and Company||Reiterated Rating||Market Perform||$65.00||N/A|
Earnings History for Regency Centers Corporation (NYSE:REG)Earnings History by Quarter for Regency Centers Corporation (NYSE REG)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/3/2017||Q2 2017||$0.90||$0.93||$248.50 million||$240.42 million||View||Listen|
|5/9/2017||Q1 2017||$0.83||$0.90||$185.43 million||$189.43 million||View||Listen|
|2/8/2017||Q416||$0.84||$0.86||$147.54 million||$152.99 million||View||Listen|
|11/1/2016||Q316||$0.80||$0.81||$148.82 million||$152.77 million||View||N/A|
|5/3/2016||Q116||$0.79||$0.86||$144.84 million||$142.86 million||View||N/A|
|2/10/2016||Q4||$0.74||$0.79||$141.72 million||$138.64 million||View||Listen|
|10/28/2015||Q315||$0.74||$0.76||$135.24 million||$136.28 million||View||Listen|
|8/5/2015||Q215||$0.73||$0.75||$133.09 million||$141.13 million||View||N/A|
|5/6/2015||$0.72||$0.74||$131.83 million||$163.95 million||View||N/A|
|2/11/2015||Q414||$0.72||$0.71||$133.74 million||$130.42 million||View||N/A|
|11/3/2014||Q314||$0.69||$0.71||$129.65 million||$127.78 million||View||N/A|
|8/6/2014||Q214||$0.67||$0.71||$128.44 million||$134.89 million||View||N/A|
|5/7/2014||Q114||$0.65||$0.69||$123.16 million||$133.28 million||View||N/A|
Earnings Estimates for Regency Centers Corporation (NYSE:REG)
2017 EPS Consensus Estimate: $3.57
2018 EPS Consensus Estimate: $3.82
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Regency Centers Corporation (NYSE:REG)
|Most Recent Dividend:||8/30/2017|
|Dividend Growth:||2.60% (3 Year Average)|
|Payout Ratio:||353.34% (Trailing 12 Months of Earnings) |
249.41% (Based on This Year's Estimates)
144.22% (Based on Next Year's Estimates)
|Track Record:||3 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Regency Centers Corporation (NYSE REG)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Regency Centers Corporation (NYSE:REG)
Insider Ownership Percentage: 12.66%Insider Trades by Quarter for Regency Centers Corporation (NYSE:REG)
Institutional Ownership Percentage: 91.47%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/11/2017||Chaim Katzman||Vice Chairman||Sell||1,055,758||$64.30||$67,885,239.40|| |
|8/23/2017||Mary Lou Fiala||Director||Sell||7,775||$65.74||$511,128.50|| |
|6/9/2017||H Craig Ramey||Insider||Sell||1,048||$62.17||$65,154.16|| |
|5/15/2017||John C Schweitzer||Director||Sell||4,000||$61.13||$244,520.00|| |
|3/30/2017||H Craig Ramey||Insider||Sell||750||$66.44||$49,830.00|| |
|3/13/2017||H Craig Ramey||Insider||Sell||3,000||$62.80||$188,400.00|| |
|3/7/2017||Lisa Palmer||Insider||Sell||10,000||$66.52||$665,200.00|| |
|12/22/2016||Bryce Blair||Director||Buy||1,486||$66.92||$99,443.12|| |
|8/23/2016||Bryce Blair||Director||Buy||1,251||$79.79||$99,817.29|| |
|6/13/2016||Dan M Chandler III||VP||Sell||2,000||$79.55||$159,100.00|| |
|6/9/2016||James D Thompson||VP||Sell||4,000||$79.75||$319,000.00|| |
|6/3/2016||James D Thompson||VP||Sell||3,500||$78.00||$273,000.00|| |
|5/11/2016||John S Delatour||Director||Sell||5,000||$78.05||$390,250.00|| |
|5/10/2016||Alan Todd Roth||Director||Sell||3,000||$79.77||$239,310.00|| |
|5/9/2016||Dan M Chandler III||VP||Sell||2,000||$78.97||$157,940.00|| |
|5/9/2016||J Christian Leavitt||CAO||Sell||3,000||$79.28||$237,840.00|| |
|5/6/2016||Lisa Palmer||CFO||Sell||10,000||$77.80||$778,000.00|| |
|5/6/2016||Nicholas Andrew Wibbenmeyer||Director||Sell||1,969||$78.10||$153,778.90|| |
|2/18/2016||Dan M Chandler III||VP||Sell||1,000||$70.36||$70,360.00|| |
|2/17/2016||Dan M Chandler III||VP||Sell||1,000||$70.07||$70,070.00|| |
|12/29/2015||James D Thompson||Director||Sell||1,500||$69.13||$103,695.00|| |
|12/2/2015||Mary Lou Fiala||Director||Sell||9,000||$67.13||$604,170.00|| |
|11/27/2015||Dan M Chandler III||Director||Sell||1,500||$67.52||$101,280.00|| |
|11/19/2015||Brian M. Smith||COO||Sell||65,578||$66.57||$4,365,527.46|| |
|9/30/2015||Dan M Chandler III||Director||Sell||1,500||$62.05||$93,075.00|| |
|5/20/2015||Bryce Blair||Director||Buy||1,500||$65.00||$97,500.00|| |
|3/30/2015||Dan M Chandler III||Director||Sell||1,000||$67.74||$67,740.00|| |
|3/20/2015||J Christian Leavitt||CAO||Sell||3,000||$69.15||$207,450.00|| |
|3/18/2015||Lisa Palmer||CFO||Sell||3,723||$67.70||$252,047.10|| |
|3/17/2015||Dan M Chandler III||Director||Sell||2,500||$66.45||$166,125.00|| |
|12/18/2014||James D Thompson||Director||Sell||2,500||$63.75||$159,375.00|| |
|12/8/2014||James D Thompson||Director||Sell||2,500||$63.00||$157,500.00|| |
|11/20/2014||Mary Lou Fiala||Director||Sell||7,000||$60.10||$420,700.00|| |
|11/7/2014||J Christian Leavitt||CAO||Sell||1,000||$61.74||$61,740.00|| |
|8/29/2014||Dan M Chandler III||Director||Sell||1,000||$57.06||$57,060.00|| |
|8/18/2014||Brian M Smith||COO||Sell||10,000||$56.81||$568,100.00|| |
|6/20/2014||Mary Lou Fiala||Director||Sell||3,000||$25.58||$76,740.00|| |
|6/16/2014||Dan M Chandler III||Director||Sell||2,000||$54.00||$108,000.00|| |
|6/3/2014||J Christian Leavitt||Insider||Sell||6,500||$54.04||$351,260.00|| |
|3/28/2014||James Thompson||Director||Sell||3,000||$50.80||$152,400.00|| |
|3/27/2014||Brian Smith||COO||Sell||11,500||$50.53||$581,095.00|| |
|3/27/2014||James Thompson||Director||Sell||3,000||$50.50||$151,500.00|| |
|3/18/2014||Dan Chandler III||Director||Sell||2,000||$50.30||$100,600.00|| |
|2/25/2014||J Christian Leavitt||Insider||Sell||1,000||$50.84||$50,840.00|| |
|2/18/2014||Mary Lou Fiala||Director||Sell||8,339||$50.65||$422,370.35|| |
|11/7/2013||Mary Lou Fiala||Director||Sell||5,015||$50.17||$251,602.55|| |
|11/4/2013||John S Delatour||Director||Sell||4,000||$51.53||$206,120.00|| |
|8/6/2013||Raymond Bank||Director||Sell||4,900||$51.89||$254,261.00|| |
|5/10/2013||John S Delatour||Director||Sell||10,000||$58.48||$584,800.00|| |
Headline Trends for Regency Centers Corporation (NYSE:REG)
Latest Headlines for Regency Centers Corporation (NYSE:REG)
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Regency Centers Corporation (REG) Chart for Monday, October, 23, 2017