Analysts expect Regency Centers Corp (NYSE:REG) to post $278.24 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Regency Centers’ earnings. The lowest sales estimate is $270.50 million and the highest is $285.10 million. Regency Centers posted sales of $277.07 million during the same quarter last year, which would indicate a positive year over year growth rate of 0.4%. The business is expected to announce its next earnings results on Wednesday, February 12th.

On average, analysts expect that Regency Centers will report full-year sales of $1.10 billion for the current fiscal year, with estimates ranging from $1.08 billion to $1.13 billion. For the next year, analysts expect that the firm will post sales of $1.14 billion, with estimates ranging from $1.11 billion to $1.19 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow Regency Centers.

Regency Centers (NYSE:REG) last issued its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.34 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.62). Regency Centers had a return on equity of 3.86% and a net margin of 23.19%. The firm had revenue of $282.28 million during the quarter, compared to analysts’ expectations of $275.37 million. During the same period in the previous year, the firm earned $0.41 earnings per share.

Several brokerages recently commented on REG. Compass Point began coverage on shares of Regency Centers in a research note on Thursday, August 15th. They issued a “neutral” rating and a $67.00 target price on the stock. Scotiabank downgraded shares of Regency Centers from an “outperform” rating to a “sector perform” rating in a research note on Monday, November 4th. BMO Capital Markets reaffirmed a “hold” rating and issued a $66.00 target price on shares of Regency Centers in a research note on Thursday, October 31st. Finally, Barclays reaffirmed a “buy” rating and issued a $75.00 target price on shares of Regency Centers in a research note on Sunday, October 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $69.48.

In other news, Director Thomas G. Wattles sold 2,073 shares of Regency Centers stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $65.47, for a total value of $135,719.31. Following the completion of the sale, the director now directly owns 49,085 shares in the company, valued at $3,213,594.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Dan M. Chandler III sold 3,500 shares of Regency Centers stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $65.15, for a total transaction of $228,025.00. Following the completion of the sale, the vice president now owns 15,457 shares of the company’s stock, valued at $1,007,023.55. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,870 shares of company stock worth $581,412. 1.10% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in the company. Oregon Public Employees Retirement Fund boosted its holdings in shares of Regency Centers by 1.2% in the second quarter. Oregon Public Employees Retirement Fund now owns 17,805 shares of the real estate investment trust’s stock worth $1,188,000 after buying an additional 204 shares during the last quarter. Atlas Capital Advisors LLC boosted its holdings in shares of Regency Centers by 5.5% in the second quarter. Atlas Capital Advisors LLC now owns 5,444 shares of the real estate investment trust’s stock worth $363,000 after buying an additional 285 shares during the last quarter. Buckhead Capital Management LLC boosted its holdings in shares of Regency Centers by 0.5% in the second quarter. Buckhead Capital Management LLC now owns 54,624 shares of the real estate investment trust’s stock worth $3,646,000 after buying an additional 287 shares during the last quarter. State of Michigan Retirement System boosted its holdings in shares of Regency Centers by 0.8% in the third quarter. State of Michigan Retirement System now owns 40,300 shares of the real estate investment trust’s stock worth $2,800,000 after buying an additional 300 shares during the last quarter. Finally, Royal London Asset Management Ltd. boosted its holdings in shares of Regency Centers by 0.5% in the second quarter. Royal London Asset Management Ltd. now owns 60,432 shares of the real estate investment trust’s stock worth $4,034,000 after buying an additional 323 shares during the last quarter. Hedge funds and other institutional investors own 93.87% of the company’s stock.

Shares of NYSE REG opened at $64.66 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.57. Regency Centers has a 52 week low of $55.50 and a 52 week high of $70.26. The firm’s fifty day moving average is $68.20 and its 200 day moving average is $67.01. The company has a market cap of $11.53 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 2.50 and a beta of 0.37.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Tuesday, November 12th will be paid a $0.585 dividend. This represents a $2.34 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date is Friday, November 8th. Regency Centers’s payout ratio is 63.41%.

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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Earnings History and Estimates for Regency Centers (NYSE:REG)

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