Brokerages predict that Regency Centers Corp (NYSE:REG) will report $269.58 million in sales for the current quarter, according to Zacks. Five analysts have made estimates for Regency Centers’ earnings, with the highest sales estimate coming in at $272.39 million and the lowest estimate coming in at $265.60 million. Regency Centers posted sales of $257.95 million during the same quarter last year, which suggests a positive year over year growth rate of 4.5%. The firm is expected to issue its next quarterly earnings report on Thursday, February 14th.
According to Zacks, analysts expect that Regency Centers will report full year sales of $1.08 billion for the current fiscal year, with estimates ranging from $1.07 billion to $1.09 billion. For the next year, analysts anticipate that the company will report sales of $1.11 billion, with estimates ranging from $1.09 billion to $1.12 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Regency Centers.
Regency Centers (NYSE:REG) last released its quarterly earnings results on Thursday, October 25th. The real estate investment trust reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.03. Regency Centers had a return on equity of 3.86% and a net margin of 23.19%. The business had revenue of $278.31 million for the quarter, compared to analysts’ expectations of $267.51 million.
In other Regency Centers news, insider H Craig Ramey sold 1,365 shares of the company’s stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $63.27, for a total value of $86,363.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Dan M. Chandler III sold 2,500 shares of the company’s stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $63.35, for a total value of $158,375.00. Following the completion of the sale, the vice president now owns 885 shares of the company’s stock, valued at $56,064.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,260 shares of company stock valued at $532,456. 1.10% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the business. Piedmont Investment Advisors LLC purchased a new position in shares of Regency Centers during the 2nd quarter worth $107,000. Gideon Capital Advisors Inc. purchased a new position in Regency Centers during the 2nd quarter valued at about $202,000. Brown Advisory Inc. purchased a new position in Regency Centers during the 1st quarter valued at about $206,000. WINTON GROUP Ltd purchased a new position in Regency Centers during the 1st quarter valued at about $207,000. Finally, HRT Financial LLC purchased a new position in Regency Centers during the 2nd quarter valued at about $210,000. Institutional investors own 93.56% of the company’s stock.
Shares of NYSE:REG traded up $0.54 during midday trading on Tuesday, hitting $65.44. 38,050 shares of the stock were exchanged, compared to its average volume of 1,163,708. The company has a current ratio of 0.87, a quick ratio of 0.92 and a debt-to-equity ratio of 0.57. Regency Centers has a 52-week low of $54.87 and a 52-week high of $70.64. The firm has a market cap of $10.86 billion, a price-to-earnings ratio of 17.80, a P/E/G ratio of 2.59 and a beta of 0.41.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 28th. Investors of record on Wednesday, November 14th will be paid a $0.555 dividend. This represents a $2.22 annualized dividend and a yield of 3.39%. The ex-dividend date is Tuesday, November 13th. Regency Centers’s dividend payout ratio is currently 60.16%.
Regency Centers Company Profile
Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers.
See Also: How accurate is the Rule of 72?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Regency Centers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regency Centers and related companies with MarketBeat.com's FREE daily email newsletter.