Equities research analysts predict that Regency Centers Corp (NYSE:REG) will announce $0.95 earnings per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Regency Centers’ earnings, with estimates ranging from $0.94 to $0.96. Regency Centers also posted earnings of $0.95 per share in the same quarter last year. The business is scheduled to issue its next quarterly earnings report after the market closes on Thursday, October 25th.
On average, analysts expect that Regency Centers will report full year earnings of $3.79 per share for the current financial year, with EPS estimates ranging from $3.77 to $3.80. For the next financial year, analysts expect that the business will post earnings of $3.93 per share, with EPS estimates ranging from $3.87 to $3.99. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Regency Centers.
Regency Centers (NYSE:REG) last posted its earnings results on Thursday, August 2nd. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.06). Regency Centers had a return on equity of 3.83% and a net margin of 22.90%. The firm had revenue of $274.53 million for the quarter, compared to analyst estimates of $269.18 million. During the same period in the prior year, the business posted $0.93 EPS.
Shares of REG traded down $1.42 during midday trading on Monday, reaching $63.95. 1,182,500 shares of the stock were exchanged, compared to its average volume of 1,217,541. Regency Centers has a twelve month low of $54.87 and a twelve month high of $70.64. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $11.08 billion, a P/E ratio of 17.71, a P/E/G ratio of 2.46 and a beta of 0.40.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 29th. Investors of record on Wednesday, August 15th were given a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend was Tuesday, August 14th. Regency Centers’s payout ratio is currently 60.16%.
In other Regency Centers news, insider Nicholas Andrew Wibbenmeyer sold 2,095 shares of Regency Centers stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $65.81, for a total value of $137,871.95. Following the transaction, the insider now owns 2,086 shares in the company, valued at $137,279.66. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider H Craig Ramey sold 1,365 shares of Regency Centers stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $63.27, for a total value of $86,363.55. The disclosure for this sale can be found here. Insiders sold 8,260 shares of company stock worth $532,456 in the last 90 days. 1.10% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. FMR LLC grew its position in Regency Centers by 5.4% in the second quarter. FMR LLC now owns 3,369,276 shares of the real estate investment trust’s stock valued at $209,165,000 after acquiring an additional 172,900 shares during the last quarter. Centersquare Investment Management LLC grew its position in Regency Centers by 53.0% in the second quarter. Centersquare Investment Management LLC now owns 3,258,097 shares of the real estate investment trust’s stock valued at $202,263,000 after acquiring an additional 1,129,162 shares during the last quarter. Morgan Stanley grew its holdings in shares of Regency Centers by 25.3% during the second quarter. Morgan Stanley now owns 3,207,953 shares of the real estate investment trust’s stock worth $199,149,000 after purchasing an additional 648,680 shares during the last quarter. Boston Partners grew its holdings in shares of Regency Centers by 2.6% during the second quarter. Boston Partners now owns 3,136,700 shares of the real estate investment trust’s stock worth $194,726,000 after purchasing an additional 78,670 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Regency Centers by 120.3% during the second quarter. Millennium Management LLC now owns 2,487,328 shares of the real estate investment trust’s stock worth $154,413,000 after purchasing an additional 1,358,035 shares during the last quarter. Hedge funds and other institutional investors own 93.39% 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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