Equities research analysts expect Regency Centers Corp (NYSE:REG) to announce sales of $272.47 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Regency Centers’ earnings. The lowest sales estimate is $267.20 million and the highest is $277.69 million. Regency Centers posted sales of $269.54 million in the same quarter last year, which suggests a positive year-over-year growth rate of 1.1%. The company is expected to issue its next earnings report after the market closes on Thursday, May 2nd.
On average, analysts expect that Regency Centers will report full-year sales of $1.11 billion for the current fiscal year, with estimates ranging from $1.07 billion to $1.19 billion. For the next year, analysts anticipate that the firm will report sales of $1.15 billion, with estimates ranging from $1.10 billion to $1.22 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Regency Centers.
Regency Centers (NYSE:REG) last posted its quarterly earnings data on Wednesday, February 13th. The real estate investment trust reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.48). Regency Centers had a return on equity of 3.86% and a net margin of 23.19%. The firm had revenue of $277.07 million for the quarter, compared to analysts’ expectations of $269.96 million. During the same quarter in the previous year, the firm posted $0.92 earnings per share.
Shares of NYSE REG traded down $0.56 during mid-day trading on Wednesday, reaching $67.49. 961,322 shares of the company were exchanged, compared to its average volume of 853,562. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market capitalization of $11.31 billion, a P/E ratio of 18.29, a price-to-earnings-growth ratio of 2.50 and a beta of 0.37. Regency Centers has a 1 year low of $55.38 and a 1 year high of $68.33.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Monday, February 25th were given a dividend of $0.585 per share. This represents a $2.34 annualized dividend and a yield of 3.47%. This is a boost from Regency Centers’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Friday, February 22nd. Regency Centers’s payout ratio is presently 63.41%.
In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 50,000 shares of Regency Centers stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $64.92, for a total transaction of $3,246,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Dan M. Chandler III sold 4,033 shares of Regency Centers stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $65.19, for a total transaction of $262,911.27. Following the transaction, the vice president now owns 15,457 shares in the company, valued at $1,007,641.83. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 101,941 shares of company stock worth $6,633,625. Corporate insiders own 1.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of REG. Enlightenment Research LLC acquired a new stake in shares of Regency Centers during the 4th quarter worth about $47,000. Point72 Hong Kong Ltd purchased a new stake in shares of Regency Centers during the 3rd quarter worth approximately $106,000. Bessemer Group Inc. raised its holdings in shares of Regency Centers by 367.9% during the 4th quarter. Bessemer Group Inc. now owns 2,171 shares of the real estate investment trust’s stock worth $127,000 after acquiring an additional 1,707 shares in the last quarter. ETF Managers Group LLC increased its position in shares of Regency Centers by 18.9% during the 4th quarter. ETF Managers Group LLC now owns 2,268 shares of the real estate investment trust’s stock valued at $133,000 after purchasing an additional 360 shares during the last quarter. Finally, Loeb Partners Corp bought a new position in shares of Regency Centers during the 4th quarter valued at approximately $176,000. Hedge funds and other institutional investors own 93.87% of the company’s stock.
About Regency Centers
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.
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