Wall Street brokerages forecast that Regency Centers Corp (NYSE:REG) will post $263.76 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Regency Centers’ earnings. The lowest sales estimate is $260.56 million and the highest is $266.34 million. Regency Centers posted sales of $189.43 million during the same quarter last year, which suggests a positive year over year growth rate of 39.2%. The firm is scheduled to issue its next earnings results on Tuesday, May 8th.

According to Zacks, analysts expect that Regency Centers will report full-year sales of $263.76 million for the current year, with estimates ranging from $1.04 billion to $1.09 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.11 billion per share, with estimates ranging from $1.08 billion to $1.15 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Regency Centers.

Regency Centers (NYSE:REG) last issued its earnings results on Thursday, February 8th. The real estate investment trust reported $0.50 EPS for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.42). Regency Centers had a net margin of 18.16% and a return on equity of 2.72%. The business had revenue of $257.95 million during the quarter, compared to analysts’ expectations of $257.60 million. During the same period in the prior year, the business posted $0.86 EPS.

A number of equities analysts have recently commented on REG shares. Zacks Investment Research raised shares of Regency Centers from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research note on Tuesday, November 7th. Jefferies Group set a $69.00 target price on shares of Regency Centers and gave the company a “hold” rating in a research note on Friday, December 15th. Boenning Scattergood reissued a “hold” rating on shares of Regency Centers in a research note on Monday, November 6th. BMO Capital Markets set a $68.00 target price on shares of Regency Centers and gave the company a “hold” rating in a research note on Thursday, January 11th. Finally, SunTrust Banks reissued a “buy” rating and issued a $74.00 target price on shares of Regency Centers in a research note on Friday, December 1st. Seven research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Regency Centers presently has an average rating of “Buy” and an average target price of $71.29.

In other Regency Centers news, CAO J Christian Leavitt sold 2,000 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $67.61, for a total transaction of $135,220.00. Following the completion of the transaction, the chief accounting officer now directly owns 14,314 shares of the company’s stock, valued at approximately $967,769.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Chaim Katzman sold 52,771 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $64.14, for a total transaction of $3,384,731.94. The disclosure for this sale can be found here. Insiders sold a total of 598,762 shares of company stock valued at $38,701,922 over the last ninety days. Company insiders own 12.66% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. grew its position in Regency Centers by 3.9% during the third quarter. Principal Financial Group Inc. now owns 5,156,883 shares of the real estate investment trust’s stock valued at $319,928,000 after purchasing an additional 193,020 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Regency Centers by 7.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 1,586,197 shares of the real estate investment trust’s stock valued at $98,408,000 after buying an additional 107,561 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of Regency Centers by 3,080.1% in the third quarter. Advisors Asset Management Inc. now owns 7,505 shares of the real estate investment trust’s stock valued at $466,000 after buying an additional 7,269 shares in the last quarter. Honeywell International Inc. grew its stake in shares of Regency Centers by 27.8% in the third quarter. Honeywell International Inc. now owns 56,679 shares of the real estate investment trust’s stock valued at $3,516,000 after buying an additional 12,312 shares in the last quarter. Finally, Swiss National Bank grew its stake in shares of Regency Centers by 1.2% in the third quarter. Swiss National Bank now owns 651,279 shares of the real estate investment trust’s stock valued at $40,405,000 after buying an additional 7,700 shares in the last quarter. Institutional investors own 92.11% of the company’s stock.

Shares of Regency Centers (REG) traded up $1.12 during mid-day trading on Thursday, hitting $56.70. 1,468,567 shares of the stock were exchanged, compared to its average volume of 1,105,354. Regency Centers has a fifty-two week low of $55.03 and a fifty-two week high of $72.05. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market cap of $9,645.24, a P/E ratio of 15.32, a PEG ratio of 1.88 and a beta of 0.43.

Regency Centers declared that its board has approved a stock buyback plan on Thursday, February 8th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the real estate investment trust to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

The business also recently disclosed a dividend, which will be paid on Friday, March 2nd. Shareholders of record on Tuesday, February 20th will be issued a dividend of $0.555 per share. This is a positive change from Regency Centers’s previous dividend of $0.38. This represents a yield of 0.00978835978835979%. The ex-dividend date of this dividend is Friday, February 16th. Regency Centers’s dividend payout ratio (DPR) is currently 243.68%.

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About Regency Centers

Regency Centers Corporation is a real estate investment trust (REIT). The Company is the general partner of Regency Centers, L.P. (the Operating Partnership). The Company is engaged in the ownership, management, leasing, acquisition and development of retail shopping centers through the Operating Partnership.

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

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