Analysts Expect Regency Centers Corp (REG) to Announce $0.95 EPS
Analysts expect Regency Centers Corp (NYSE:REG) to post $0.95 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Regency Centers’ earnings. The highest EPS estimate is $0.95 and the lowest is $0.94. Regency Centers reported earnings of $0.92 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.3%. The company is expected to announce its next quarterly earnings results on Thursday, February 14th.
On average, analysts expect that Regency Centers will report full-year earnings of $3.79 per share for the current year, with EPS estimates ranging from $3.78 to $3.80. For the next fiscal year, analysts anticipate that the business will post earnings of $3.90 per share, with EPS estimates ranging from $3.85 to $3.93. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow Regency Centers.
Regency Centers (NYSE:REG) last posted its earnings results on Thursday, October 25th. The real estate investment trust reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.03. The company had revenue of $278.31 million for the quarter, compared to analyst estimates of $267.51 million. Regency Centers had a net margin of 23.19% and a return on equity of 3.86%.
In other news, insider Nicholas Andrew Wibbenmeyer sold 2,095 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $65.81, for a total value of $137,871.95. Following the sale, the insider now directly owns 2,086 shares of the company’s stock, valued at approximately $137,279.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in REG. Point72 Hong Kong Ltd purchased a new stake in Regency Centers during the 3rd quarter worth approximately $106,000. Piedmont Investment Advisors LLC purchased a new stake in Regency Centers during the 2nd quarter worth approximately $107,000. Gideon Capital Advisors Inc. purchased a new stake in Regency Centers during the 2nd quarter worth approximately $202,000. HRT Financial LLC purchased a new stake in Regency Centers during the 2nd quarter worth approximately $210,000. Finally, Mackenzie Financial Corp increased its stake in Regency Centers by 22.7% during the 3rd quarter. Mackenzie Financial Corp now owns 4,483 shares of the real estate investment trust’s stock worth $290,000 after buying an additional 829 shares during the period. 93.87% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:REG traded down $0.76 on Friday, hitting $65.06. The stock had a trading volume of 1,241,798 shares, compared to its average volume of 1,176,480. 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 firm has a market capitalization of $11.02 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 2.50 and a beta of 0.37. Regency Centers has a 1-year low of $54.87 and a 1-year high of $70.64.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 28th. Stockholders of record on Wednesday, November 14th were paid a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend was Tuesday, November 13th. Regency Centers’s dividend payout ratio (DPR) is 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.
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