Regency Centers Corporation Company Profile (NYSE:REG)

About Regency Centers Corporation (NYSE:REG)

Regency Centers Corporation logoRegency 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
Capitalization:
  • Market Cap: $10.82 billion
  • Outstanding Shares: 169,742,000
Average Prices:
  • 50 Day Moving Avg: $63.60
  • 200 Day Moving Avg: $63.73
  • 52 Week Range: $58.63 - $74.87
P/E:
  • Trailing P/E Ratio: 105.73
  • Foreward P/E Ratio: 43.36
  • P/E Growth: 5.85
Sales & Book Value:
  • Annual Revenue: $798.89 million
  • Price / Sales: 13.54
  • Book Value: $38.98 per share
  • Price / Book: 1.64
Dividend:
  • Annual Dividend: $2.12
  • Dividend Yield: 3.3%
Profitability:
  • EBITDA: $508.87 million
  • Net Margins: 13.19%
  • Return on Equity: 2.20%
  • Return on Assets: 1.26%
Debt:
  • Debt-to-Equity Ratio: 0.53%
  • Current Ratio: 0.93%
  • Quick Ratio: 0.93%
Misc:
  • 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?

Regency Centers Corporation is scheduled to release their next quarterly earnings announcement on Wednesday, November, 1st 2017. View Earnings Estimates for Regency Centers Corporation.

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?

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 Gazit-Globe Ltd (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?

Regency Centers Corporation's stock was purchased by a variety of institutional investors in the last quarter, including PGGM Investments, Nationwide Fund Advisors and Quantitative Systematic Strategies LLC. View Insider Buying and Selling for Regency Centers Corporation.

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?

One share of Regency Centers Corporation stock can currently be purchased for approximately $63.74.


MarketBeat Community Rating for Regency Centers Corporation (NYSE REG)
Community Ranking:  1.6 out of 5 (star)
Outperform Votes:  178 (Vote Outperform)
Underperform Votes:  396 (Vote Underperform)
Total Votes:  574
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.

Analyst Ratings

Consensus Ratings for Regency Centers Corporation (NYSE:REG) (How are Consensus Ratings Calculated?)
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)
Price Target History for Regency Centers Corporation (NYSE:REG)
Analysts' Ratings History for Regency Centers Corporation (NYSE:REG)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/3/2017Boenning ScattergoodUpgradeUnder Perform -> NeutralLowView Rating Details
9/15/2017Jefferies Group LLCDowngradeBuy -> Hold$74.00 -> $67.00MediumView Rating Details
9/11/2017BMO Capital MarketsInitiated CoverageMarket Perform$65.00MediumView Rating Details
8/31/2017ArgusLower Price TargetBuy$80.00 -> $75.00LowView Rating Details
8/24/2017Robert W. BairdReiterated RatingBuy$72.00LowView Rating Details
8/17/2017Royal Bank Of CanadaUpgradeOutperform -> Top Pick$72.00 -> $75.00LowView Rating Details
8/14/2017Citigroup Inc.Set Price TargetHold$67.00 -> $70.00LowView Rating Details
7/18/2017Barclays PLCLower Price TargetEqual Weight$73.00 -> $71.00LowView Rating Details
1/19/2017SunTrust Banks, Inc.UpgradeHold -> Buy$77.00N/AView Rating Details
1/9/2017Raymond James Financial, Inc.Reiterated RatingOutperform -> Market PerformN/AView Rating Details
11/3/2016Evercore ISIUpgradeHold -> Buy$80.00N/AView Rating Details
8/25/2016BTIG ResearchInitiated CoverageNeutralN/AView Rating Details
8/17/2016Deutsche Bank AGBoost Price TargetHold$69.00 -> $77.00N/AView Rating Details
5/5/2016Credit Suisse GroupReiterated RatingHold$74.00N/AView Rating Details
1/12/2016Cowen and CompanyReiterated RatingMarket Perform$65.00N/AView Rating Details
(Data available from 10/23/2015 forward)

Earnings

Earnings History for Regency Centers Corporation (NYSE:REG)
Earnings by Quarter for Regency Centers Corporation (NYSE:REG)
Earnings History by Quarter for Regency Centers Corporation (NYSE REG)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/1/2017$0.30N/AView Earnings Details
8/3/2017Q2 2017$0.90$0.93$248.50 million$240.42 millionViewListenView Earnings Details
5/9/2017Q1 2017$0.83$0.90$185.43 million$189.43 millionViewListenView Earnings Details
2/8/2017Q416$0.84$0.86$147.54 million$152.99 millionViewListenView Earnings Details
11/1/2016Q316$0.80$0.81$148.82 million$152.77 millionViewN/AView Earnings Details
5/3/2016Q116$0.79$0.86$144.84 million$142.86 millionViewN/AView Earnings Details
2/10/2016Q4$0.74$0.79$141.72 million$138.64 millionViewListenView Earnings Details
10/28/2015Q315$0.74$0.76$135.24 million$136.28 millionViewListenView Earnings Details
8/5/2015Q215$0.73$0.75$133.09 million$141.13 millionViewN/AView Earnings Details
5/6/2015$0.72$0.74$131.83 million$163.95 millionViewN/AView Earnings Details
2/11/2015Q414$0.72$0.71$133.74 million$130.42 millionViewN/AView Earnings Details
11/3/2014Q314$0.69$0.71$129.65 million$127.78 millionViewN/AView Earnings Details
8/6/2014Q214$0.67$0.71$128.44 million$134.89 millionViewN/AView Earnings Details
5/7/2014Q114$0.65$0.69$123.16 million$133.28 millionViewN/AView Earnings Details
2/11/2014Q413$0.64$0.66$118.68 millionViewN/AView Earnings Details
10/31/2013Q313$0.30$0.65$117.87 millionViewN/AView Earnings Details
7/31/2013Q213$0.64$0.67$121.19 millionViewN/AView Earnings Details
5/7/2013Q113$0.62$0.64$117.73 millionViewN/AView Earnings Details
1/30/2013Q412$0.59$0.63$114.78 millionViewN/AView Earnings Details
11/7/2012Q312$0.58$0.62$115.63 millionViewN/AView Earnings Details
7/31/2012$0.63$0.69ViewN/AView Earnings Details
5/2/2012$0.57$0.62ViewN/AView Earnings Details
2/1/2012$0.62$0.63ViewN/AView Earnings Details
11/3/2011$0.59$0.61ViewN/AView Earnings Details
8/3/2011$0.62$0.56ViewN/AView Earnings Details
5/5/2011$0.59$0.56ViewN/AView Earnings Details
2/2/2011$0.53$0.55ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Regency Centers Corporation (NYSE:REG)
2017 EPS Consensus Estimate: $3.57
2018 EPS Consensus Estimate: $3.82
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20174$0.79$0.85$0.82
Q2 20174$0.90$0.91$0.91
Q3 20174$0.90$0.93$0.92
Q4 20174$0.92$0.95$0.93
Q1 20183$0.92$0.94$0.93
Q2 20183$0.92$0.95$0.93
Q3 20183$0.96$0.97$0.97
Q4 20183$0.99$1.00$0.99
Q1 20191$1.01$1.01$1.01
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Regency Centers Corporation (NYSE:REG)
Most Recent Dividend:8/30/2017
Annual Dividend:$2.12
Dividend Yield:3.33%
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 Payments by Quarter for Regency Centers Corporation (NYSE:REG)

Dividend History by Quarter for Regency Centers Corporation (NYSE REG)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/3/2017quarterly$0.533.18%8/14/20178/16/20178/30/2017
5/10/2017Quarterly$0.533.41%5/18/20175/22/20175/31/2017
2/8/2017quarterly$0.512.88%2/22/20172/24/20173/1/2017
11/1/2016quarterly$0.502.88%11/14/201611/16/201611/30/2016
8/4/2016quarterly$0.502.41%8/15/20168/17/20168/31/2016
5/3/2016quarterly$0.502.59%5/16/20165/18/20166/1/2016
2/10/2016quarterly$0.502.87%2/18/20162/22/20163/3/2016
10/28/2015quarterly$0.492.84%11/16/201511/18/201512/2/2015
8/5/2015quarterly$0.493.07%8/17/20158/19/20159/2/2015
6/5/2015$0.386/12/20156/16/20156/30/2015
5/6/2015quarterly$0.492.99%5/18/20155/20/20156/3/2015
1/14/2015quarterly$0.492.85%2/19/20152/23/20153/5/2015
11/3/2014quarterly$0.473%11/17/201411/19/201412/3/2014
8/8/2014quarterly$0.473.39%8/18/20148/20/20149/3/2014
5/7/2014quarterly$0.473.48%5/19/20145/21/20146/4/2014
2/12/2014quarterly$0.473.74%2/20/20142/24/20143/6/2014
10/30/2013quarterly$0.463.58%11/8/201311/13/201311/27/2013
7/31/2013quarterly$0.463.45%8/12/20138/14/20138/28/2013
5/7/2013quarterly$0.463.17%5/20/20135/22/20136/5/2013
3/8/2013quarterly$0.413/21/20133/31/2013
2/1/2013quarterly$0.463.67%2/11/20132/13/20132/27/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Regency Centers Corporation (NYSE:REG)
Insider Ownership Percentage: 12.66%
Institutional Ownership Percentage: 91.47%
Insider Trades by Quarter for Regency Centers Corporation (NYSE:REG)
Institutional Ownership by Quarter for Regency Centers Corporation (NYSE:REG)
Insider Trades by Quarter for Regency Centers Corporation (NYSE:REG)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/11/2017Chaim KatzmanVice ChairmanSell1,055,758$64.30$67,885,239.40View SEC Filing  
8/23/2017Mary Lou FialaDirectorSell7,775$65.74$511,128.50View SEC Filing  
6/9/2017H Craig RameyInsiderSell1,048$62.17$65,154.16View SEC Filing  
5/15/2017John C SchweitzerDirectorSell4,000$61.13$244,520.00View SEC Filing  
3/30/2017H Craig RameyInsiderSell750$66.44$49,830.00View SEC Filing  
3/13/2017H Craig RameyInsiderSell3,000$62.80$188,400.00View SEC Filing  
3/7/2017Lisa PalmerInsiderSell10,000$66.52$665,200.00View SEC Filing  
12/22/2016Bryce BlairDirectorBuy1,486$66.92$99,443.12View SEC Filing  
8/23/2016Bryce BlairDirectorBuy1,251$79.79$99,817.29View SEC Filing  
6/13/2016Dan M Chandler IIIVPSell2,000$79.55$159,100.00View SEC Filing  
6/9/2016James D ThompsonVPSell4,000$79.75$319,000.00View SEC Filing  
6/3/2016James D ThompsonVPSell3,500$78.00$273,000.00View SEC Filing  
5/11/2016John S DelatourDirectorSell5,000$78.05$390,250.00View SEC Filing  
5/10/2016Alan Todd RothDirectorSell3,000$79.77$239,310.00View SEC Filing  
5/9/2016Dan M Chandler IIIVPSell2,000$78.97$157,940.00View SEC Filing  
5/9/2016J Christian LeavittCAOSell3,000$79.28$237,840.00View SEC Filing  
5/6/2016Lisa PalmerCFOSell10,000$77.80$778,000.00View SEC Filing  
5/6/2016Nicholas Andrew WibbenmeyerDirectorSell1,969$78.10$153,778.90View SEC Filing  
2/18/2016Dan M Chandler IIIVPSell1,000$70.36$70,360.00View SEC Filing  
2/17/2016Dan M Chandler IIIVPSell1,000$70.07$70,070.00View SEC Filing  
12/29/2015James D ThompsonDirectorSell1,500$69.13$103,695.00View SEC Filing  
12/2/2015Mary Lou FialaDirectorSell9,000$67.13$604,170.00View SEC Filing  
11/27/2015Dan M Chandler IIIDirectorSell1,500$67.52$101,280.00View SEC Filing  
11/19/2015Brian M. SmithCOOSell65,578$66.57$4,365,527.46View SEC Filing  
9/30/2015Dan M Chandler IIIDirectorSell1,500$62.05$93,075.00View SEC Filing  
5/20/2015Bryce BlairDirectorBuy1,500$65.00$97,500.00View SEC Filing  
3/30/2015Dan M Chandler IIIDirectorSell1,000$67.74$67,740.00View SEC Filing  
3/20/2015J Christian LeavittCAOSell3,000$69.15$207,450.00View SEC Filing  
3/18/2015Lisa PalmerCFOSell3,723$67.70$252,047.10View SEC Filing  
3/17/2015Dan M Chandler IIIDirectorSell2,500$66.45$166,125.00View SEC Filing  
12/18/2014James D ThompsonDirectorSell2,500$63.75$159,375.00View SEC Filing  
12/8/2014James D ThompsonDirectorSell2,500$63.00$157,500.00View SEC Filing  
11/20/2014Mary Lou FialaDirectorSell7,000$60.10$420,700.00View SEC Filing  
11/7/2014J Christian LeavittCAOSell1,000$61.74$61,740.00View SEC Filing  
8/29/2014Dan M Chandler IIIDirectorSell1,000$57.06$57,060.00View SEC Filing  
8/18/2014Brian M SmithCOOSell10,000$56.81$568,100.00View SEC Filing  
6/20/2014Mary Lou FialaDirectorSell3,000$25.58$76,740.00View SEC Filing  
6/16/2014Dan M Chandler IIIDirectorSell2,000$54.00$108,000.00View SEC Filing  
6/3/2014J Christian LeavittInsiderSell6,500$54.04$351,260.00View SEC Filing  
3/28/2014James ThompsonDirectorSell3,000$50.80$152,400.00View SEC Filing  
3/27/2014Brian SmithCOOSell11,500$50.53$581,095.00View SEC Filing  
3/27/2014James ThompsonDirectorSell3,000$50.50$151,500.00View SEC Filing  
3/18/2014Dan Chandler IIIDirectorSell2,000$50.30$100,600.00View SEC Filing  
2/25/2014J Christian LeavittInsiderSell1,000$50.84$50,840.00View SEC Filing  
2/18/2014Mary Lou FialaDirectorSell8,339$50.65$422,370.35View SEC Filing  
11/7/2013Mary Lou FialaDirectorSell5,015$50.17$251,602.55View SEC Filing  
11/4/2013John S DelatourDirectorSell4,000$51.53$206,120.00View SEC Filing  
8/6/2013Raymond BankDirectorSell4,900$51.89$254,261.00View SEC Filing  
5/10/2013John S DelatourDirectorSell10,000$58.48$584,800.00View SEC Filing  
(Data available from 1/1/2013 forward)

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Regency Centers Corporation (REG) Chart for Monday, October, 23, 2017

This page was last updated on 10/23/2017 by MarketBeat.com Staff

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