Wall Street analysts forecast that Regency Centers Corp (NYSE:REG) will announce sales of $253.65 million for the current quarter, Zacks reports. 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 reported sales of $152.99 million in the same quarter last year, which would suggest a positive year over year growth rate of 65.8%. The business is scheduled to announce its next quarterly earnings report after the market closes on Thursday, February 8th.

On average, analysts expect that Regency Centers will report full-year sales of $253.65 million for the current fiscal year, with estimates ranging from $947.77 million to $976.56 million. For the next year, analysts forecast that the firm will report sales of $1.06 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 analysts that cover Regency Centers.

Regency Centers (NYSE:REG) last released its quarterly earnings data 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. The company had revenue of $262.14 million during the quarter, compared to analysts’ expectations of $254.04 million. Regency Centers had a net margin of 17.59% and a return on equity of 2.82%. During the same period in the previous year, the company earned $0.81 EPS.

Several equities research analysts have recently commented on REG shares. Zacks Investment Research upgraded shares of Regency Centers from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a report on Tuesday, October 10th. Robert W. Baird restated a “buy” rating on shares of Regency Centers in a report on Friday, November 3rd. SunTrust Banks restated a “buy” rating and issued a $74.00 price target on shares of Regency Centers in a report on Friday, December 1st. Boenning Scattergood restated a “hold” rating on shares of Regency Centers in a report on Monday, November 6th. Finally, Jefferies Group lowered shares of Regency Centers from a “buy” rating to a “hold” rating and reduced their price target for the company from $74.00 to $67.00 in a report on Friday, September 15th. Eight analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $70.77.

In other Regency Centers news, Director Alan Todd Roth sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $69.89, for a total transaction of $174,725.00. Following the sale, the director now owns 7,453 shares of the company’s stock, valued at approximately $520,890.17. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO J Christian Leavitt sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $67.61, for a total transaction of $135,220.00. Following the sale, the chief accounting officer now directly owns 14,314 shares in the company, valued at approximately $967,769.54. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,983 shares of company stock worth $1,344,081. 12.66% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the company. IHT Wealth Management LLC purchased a new stake in Regency Centers during the second quarter worth $124,000. Perigon Wealth Management LLC boosted its holdings in Regency Centers by 93.2% during the second quarter. Perigon Wealth Management LLC now owns 2,125 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 1,025 shares in the last quarter. Advisor Group Inc. boosted its holdings in Regency Centers by 15.6% during the second quarter. Advisor Group Inc. now owns 2,999 shares of the real estate investment trust’s stock worth $188,000 after buying an additional 404 shares in the last quarter. Riverhead Capital Management LLC boosted its holdings in Regency Centers by 342.9% during the second quarter. Riverhead Capital Management LLC now owns 3,100 shares of the real estate investment trust’s stock worth $194,000 after buying an additional 2,400 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in Regency Centers during the third quarter worth $219,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Regency Centers (REG) traded down $2.26 during trading on Friday, reaching $66.79. 844,900 shares of the company’s stock traded hands, compared to its average volume of 796,633. Regency Centers has a 12 month low of $58.63 and a 12 month high of $72.05. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market cap of $11,746.13, a PE ratio of 74.21, a price-to-earnings-growth ratio of 2.24 and a beta of 0.58.

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Regency Centers Company Profile

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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Earnings History and Estimates for Regency Centers (NYSE:REG)

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