Equities research analysts predict that Regency Centers Corp (NYSE:REG) will report earnings of $0.96 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Regency Centers’ earnings. The lowest EPS estimate is $0.95 and the highest is $0.97. Regency Centers reported earnings of $0.93 per share in the same quarter last year, which would indicate a positive year over year growth rate of 3.2%. The firm is expected to issue its next quarterly earnings results after the market closes on Thursday, August 1st.
On average, analysts expect that Regency Centers will report full-year earnings of $3.85 per share for the current year, with EPS estimates ranging from $3.82 to $3.86. For the next year, analysts anticipate that the business will post earnings of $4.01 per share, with EPS estimates ranging from $3.94 to $4.07. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Regency Centers.
Regency Centers (NYSE:REG) last released its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.01). Regency Centers had a net margin of 23.19% and a return on equity of 3.86%. The firm had revenue of $286.26 million during the quarter, compared to the consensus estimate of $274.40 million. During the same quarter in the prior year, the business posted $0.96 earnings per share.
Shares of NYSE:REG traded down $0.69 during trading on Wednesday, reaching $66.54. The stock had a trading volume of 457,486 shares, compared to its average volume of 856,839. Regency Centers has a one year low of $55.50 and a one year high of $70.26. The firm has a market cap of $11.36 billion, a P/E ratio of 18.03, a P/E/G ratio of 2.50 and a beta of 0.37. 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 50-day moving average of $67.88.
In related news, insider H Craig Ramey sold 1,000 shares of Regency Centers stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $66.90, for a total value of $66,900.00. Following the completion of the sale, the insider now directly owns 16,976 shares in the company, valued at approximately $1,135,694.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Regency Centers by 1.7% in the 1st quarter. BlackRock Inc. now owns 16,930,814 shares of the real estate investment trust’s stock worth $1,142,661,000 after purchasing an additional 282,603 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Regency Centers by 6.4% in 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 purchasing an additional 372,002 shares in the last quarter. FMR LLC boosted its stake in Regency Centers by 1.6% in the 1st quarter. FMR LLC now owns 3,612,375 shares of the real estate investment trust’s stock worth $243,799,000 after purchasing an additional 57,663 shares in the last quarter. Geode Capital Management LLC boosted its stake in Regency Centers by 8.6% in the 4th quarter. Geode Capital Management LLC now owns 2,892,742 shares of the real estate investment trust’s stock worth $169,522,000 after purchasing an additional 229,816 shares in the last quarter. Finally, Boston Partners boosted its stake in Regency Centers by 2.9% in the 1st quarter. Boston Partners now owns 2,828,655 shares of the real estate investment trust’s stock worth $190,906,000 after purchasing an additional 80,183 shares in the last quarter. 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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