Regency Centers (NYSE:REG) posted its quarterly earnings results on Thursday. The real estate investment trust reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.42), RTT News reports. Regency Centers had a net margin of 17.59% and a return on equity of 2.82%. During the same period last year, the company posted $0.86 earnings per share. Regency Centers updated its FY18 guidance to $3.48-3.54 EPS.

Shares of Regency Centers (REG) traded down $0.05 during trading on Friday, reaching $55.53. The company had a trading volume of 621,601 shares, compared to its average volume of 1,057,641. The firm has a market cap of $9,786.46, a P/E ratio of 61.76, a PEG ratio of 1.91 and a beta of 0.43. Regency Centers has a twelve month low of $55.15 and a twelve month high of $72.05. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.63 and a quick ratio of 0.63.

Regency Centers announced that its Board of Directors has approved a stock buyback program on Thursday, February 8th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

In other Regency Centers news, Director Alan Todd Roth sold 2,500 shares of the stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $69.89, for a total transaction of $174,725.00. Following the completion of the transaction, the director now owns 7,453 shares in the company, valued at approximately $520,890.17. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Vice Chairman Chaim Katzman sold 52,771 shares of the stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $64.14, for a total value of $3,384,731.94. The disclosure for this sale can be found here. In the last quarter, insiders have sold 598,762 shares of company stock valued at $38,701,922. Corporate insiders own 12.66% of the company’s stock.

REG has been the topic of a number of analyst reports. Zacks Investment Research downgraded Regency Centers from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Robert W. Baird reaffirmed a “buy” rating on shares of Regency Centers in a research note on Friday, November 3rd. Boenning Scattergood reaffirmed a “hold” rating on shares of Regency Centers in a research note on Monday, November 6th. SunTrust Banks reaffirmed a “buy” rating and set a $74.00 price objective on shares of Regency Centers in a research note on Friday, December 1st. Finally, Jefferies Group set a $69.00 price objective on Regency Centers and gave the stock a “hold” rating in a research note on Friday, December 15th. Seven analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Regency Centers has an average rating of “Buy” and an average price target of $71.29.

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About Regency Centers

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.

Earnings History for Regency Centers (NYSE:REG)

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