Analysts predict that Regency Centers Corporation (NYSE:REG) will post sales of $252.74 million for the current quarter, according to Zacks. Six analysts have issued estimates for Regency Centers’ earnings. The highest sales estimate is $263.90 million and the lowest is $239.73 million. Regency Centers posted sales of $152.99 million during the same quarter last year, which suggests a positive year-over-year growth rate of 65.2%. The firm is expected to report its next earnings report on Wednesday, February 14th.
On average, analysts expect that Regency Centers will report full-year sales of $252.74 million for the current fiscal year, with estimates ranging from $944.75 million to $976.56 million. For the next year, analysts anticipate that the company will post sales of $1.05 billion per share, with estimates ranging from $1.04 billion to $1.08 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Regency Centers.
Regency Centers (NYSE:REG) last issued its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.04. Regency Centers had a return on equity of 2.82% and a net margin of 17.59%. The business had revenue of $262.14 million for the quarter, compared to analyst estimates of $254.04 million. During the same quarter in the prior year, the firm posted $0.81 earnings per share.
In other Regency Centers news, Vice Chairman Chaim Katzman sold 1,055,758 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $64.30, for a total transaction of $67,885,239.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 12.66% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its position in shares of Regency Centers by 15.1% during the second quarter. JPMorgan Chase & Co. now owns 4,274,814 shares of the real estate investment trust’s stock valued at $267,775,000 after purchasing an additional 560,110 shares during the period. Principal Financial Group Inc. grew its stake in Regency Centers by 3.9% during the 3rd quarter. Principal Financial Group Inc. now owns 5,156,883 shares of the real estate investment trust’s stock valued at $319,928,000 after acquiring an additional 193,020 shares in the last quarter. Citigroup Inc. grew its stake in Regency Centers by 32.4% during the 2nd quarter. Citigroup Inc. now owns 248,150 shares of the real estate investment trust’s stock valued at $15,544,000 after acquiring an additional 60,733 shares in the last quarter. Aviva PLC increased its position in shares of Regency Centers by 4.8% during the second quarter. Aviva PLC now owns 92,877 shares of the real estate investment trust’s stock valued at $5,820,000 after purchasing an additional 4,250 shares during the period. Finally, Timbercreek Asset Management Ltd. grew its position in Regency Centers by 152.6% in the second quarter. Timbercreek Asset Management Ltd. now owns 232,968 shares of the real estate investment trust’s stock valued at $14,593,000 after acquiring an additional 140,728 shares during the period. Institutional investors own 92.51% of the company’s stock.
Regency Centers (NYSE:REG) opened at $67.81 on Friday. Regency Centers has a fifty-two week low of $58.63 and a fifty-two week high of $72.05. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $11,565.81, a PE ratio of 18.68, a P/E/G ratio of 2.27 and a beta of 0.55.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 15th were given a $0.53 dividend. The ex-dividend date was Tuesday, November 14th. This represents a $2.12 annualized dividend and a dividend yield of 3.13%. Regency Centers’s payout ratio is presently 235.56%.
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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.
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