Regency Centers Corp (REG) reported quarterly earnings results on Tuesday, May-3-2016. The company said it had a profit of $0.86 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $0.79. Analysts expectations of $141.30 million. During the same quarter in the previous year, the company posted $0.74 EPS.
Many Wall Street Analysts have commented on Regency Centers Corp. Regency Centers Corp was Downgraded by Argus to ” Hold” on Mar 17, 2016. Company shares were Reiterated by Barclays on Feb 29, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 68 from a previous price target of $63 .
Regency Centers Corp opened for trading at $73.79 and hit $75.18 on the upside on Monday, eventually ending the session at $75.09, with a gain of 1.89% or 1.39 points. The heightened volatility saw the trading volume jump to 4,15,478 shares. Company has a market cap of $7,329 M.
In a different news, on Feb 22, 2016, Iii Dan M. Chandler, (Executive VP of Development) sold 1,000 shares at $70.36 per share price. According to the SEC, on Dec 30, 2015, James D. Thompson (Managing Director) sold 1,500 shares at $69.13 per share price. On Dec 3, 2015, Mary Lou Fiala (director) sold 9,000 shares at $67.24 per share price, according to the Form-4 filing with the securities and exchange commission.
Regency Centers Corporation is a real estate investment trust (REIT) and the general partner of the Regency Centers L.P. (operating partnership). The Companys operating investing and financing activities are performed through the Operating Partnership its wholly owned subsidiaries and through its co-investment partnerships. The Companys properties consist primarily of grocery-anchored shopping centers. As of December 31 2014 the Company directly owned 202 Consolidated Properties located in 21 states representing 23.2 million square feet of gross leasable area (GLA). Through co-investment partnerships it owns partial ownership interests in 120 Unconsolidated Properties located in 23 states and the District of Columbia representing 15.0 million square feet of GLA. The shopping centers’ tenant base includes national and regional supermarkets drug stores discount department stores and other retailers.