Equities research analysts forecast that Regency Centers Corp (NYSE:REG) will post $271.06 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Regency Centers’ earnings, with estimates ranging from $263.40 million to $277.89 million. Regency Centers reported sales of $274.53 million during the same quarter last year, which indicates a negative year-over-year growth rate of 1.3%. The business is scheduled to issue its next earnings results after the market closes on Thursday, August 1st.
According to Zacks, analysts expect that Regency Centers will report full year sales of $1.10 billion for the current year, with estimates ranging from $1.07 billion to $1.13 billion. For the next year, analysts forecast that the company will post sales of $1.14 billion, with estimates ranging from $1.10 billion to $1.20 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Regency Centers.
Regency Centers (NYSE:REG) last posted its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.95 EPS for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.01). Regency Centers had a return on equity of 3.86% and a net margin of 23.19%. The business had revenue of $286.26 million during the quarter, compared to analysts’ expectations of $274.40 million. During the same period in the prior year, the firm posted $0.96 earnings per share.
NYSE REG opened at $68.02 on Wednesday. The business has a 50 day simple moving average of $67.15. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.57. Regency Centers has a 12 month low of $55.50 and a 12 month high of $70.26. The stock has a market cap of $11.65 billion, a PE ratio of 18.43, a PEG ratio of 2.50 and a beta of 0.37.
In other news, insider H Craig Ramey sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $66.90, for a total transaction of $66,900.00. Following the sale, the insider now directly owns 16,976 shares of the company’s stock, valued at approximately $1,135,694.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of REG. Norges Bank purchased a new stake in shares of Regency Centers during the 4th quarter worth approximately $88,314,000. Vanguard Group Inc raised its holdings in shares of Regency Centers by 2.7% during the 3rd quarter. Vanguard Group Inc now owns 24,822,313 shares of the real estate investment trust’s stock worth $1,605,260,000 after acquiring an additional 653,071 shares in the last quarter. D. E. Shaw & Co. Inc. raised its holdings in shares of Regency Centers by 116.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 935,419 shares of the real estate investment trust’s stock worth $54,890,000 after acquiring an additional 503,181 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in shares of Regency Centers by 65.0% during the 4th quarter. Nuveen Asset Management LLC now owns 1,228,276 shares of the real estate investment trust’s stock worth $72,075,000 after acquiring an additional 484,037 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Regency Centers by 6.4% during the 1st quarter. Principal Financial Group Inc. now owns 6,178,121 shares of the real estate investment trust’s stock worth $416,958,000 after acquiring an additional 372,002 shares in the last quarter. 93.87% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading: Trading Strategy Methods and Types
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.