Regency Centers Co. (NASDAQ:REG – Get Rating) has been given an average recommendation of “Hold” by the fourteen analysts that are presently covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $74.27.
A number of research analysts recently issued reports on REG shares. Morgan Stanley reduced their price objective on Regency Centers from $73.00 to $67.50 and set an “equal weight” rating for the company in a research report on Thursday, March 3rd. Truist Financial boosted their price objective on Regency Centers from $82.00 to $87.00 in a research report on Tuesday, January 18th. Deutsche Bank Aktiengesellschaft reduced their price objective on Regency Centers from $92.00 to $83.00 and set a “buy” rating for the company in a research report on Thursday, March 31st. Finally, Compass Point reduced their price objective on Regency Centers from $82.00 to $75.00 and set a “neutral” rating for the company in a research report on Monday, February 14th.
In other news, Director Nicholas Andrew Wibbenmeyer sold 4,330 shares of the business’s stock in a transaction on Wednesday, March 9th. The stock was sold at an average price of $69.81, for a total transaction of $302,277.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.00% of the stock is owned by insiders.
REG stock opened at $68.83 on Monday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.61. Regency Centers has a 52-week low of $61.48 and a 52-week high of $78.78. The stock’s 50 day moving average is $68.91 and its two-hundred day moving average is $71.14. The company has a market capitalization of $11.80 billion, a PE ratio of 32.62, a P/E/G ratio of 6.53 and a beta of 1.14.
Regency Centers (NASDAQ:REG – Get Rating) last issued its quarterly earnings results on Wednesday, February 9th. The company reported $0.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.07). Regency Centers had a net margin of 30.99% and a return on equity of 5.47%. The firm had revenue of $289.70 million during the quarter, compared to the consensus estimate of $279.89 million. During the same quarter last year, the firm posted $0.76 earnings per share. Regency Centers’s revenue was up 15.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Regency Centers will post 3.79 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 5th. Stockholders of record on Tuesday, March 15th were given a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date was Monday, March 14th. Regency Centers’s dividend payout ratio (DPR) is presently 118.48%.
Regency Centers Company Profile (Get Rating)
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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