Regency Centers Corporation (NASDAQ:REG) is set to announce third quarter earning results on Thursday 5th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, REG to report 3Q20 income of $ 0.21 per share.
For the full year, analysts anticipate top line of $ 1019.45 million, while looking forward to income of $ 0.49 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 3.90 ~ $ 3.93 per share
Click Here For More Historical Outlooks Of Regency Centers Corporation
Previous Quarter Performance
Regency Centers Corporation communicated income for the second quarter of $ 0.64 per share, from the revenue of $ 231.11 million. The quarterly earnings improved 106.45 percent compared with the same quarter last year. Street analysts expected Regency Centers Corporation to report income of $ 0.27 per share on revenue of $ 250.73 million for the second quarter. The bottom line results beat street analysts by $ 0.37 or 137.04 percent, at the same time, top line results fell short of analysts by $ 19.62 million or 7.83 percent.
Stock Performance
Shares of Regency Centers Corporation traded low $ -1.53 or -4.09 percent on Wednesday, reaching $ 35.90 with volume of 1.08 million shares. Regency Centers Corporation has traded high as $ 37.72 and has cracked $ 35.85 on the downward trend
The closing price of $ 35.90, representing a 17.70 % increase from the 52 week low of $ 31.80 and a 44.71 % decrease over the 52 week high of $ 67.70.
The company has a market capital of $ 6.09 billion and is part of the Real Estate sector and REIT – Retail industry.
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. Operating as a fully integrated real estate company, Regency Centers is a qualified real estate investment trust (REIT) that is self-administered, self-managed, and an S&P 500 Index member.
