Regency Centers (REG) Scheduled to Post Quarterly Earnings on Thursday

Regency Centers (NASDAQ:REG) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $1.03 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Regency Centers Stock Performance

REG opened at $59.61 on Thursday. The firm has a market capitalization of $11.01 billion, a P/E ratio of 29.22, a price-to-earnings-growth ratio of 3.90 and a beta of 1.16. The stock’s 50 day moving average price is $60.00 and its two-hundred day moving average price is $61.72. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.60. Regency Centers has a 12-month low of $54.72 and a 12-month high of $68.47.

Regency Centers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date was Tuesday, March 12th. Regency Centers’s dividend payout ratio (DPR) is currently 131.37%.

Analysts Set New Price Targets

A number of analysts have issued reports on REG shares. Deutsche Bank Aktiengesellschaft started coverage on Regency Centers in a report on Tuesday, January 30th. They issued a “buy” rating and a $74.00 target price on the stock. Mizuho started coverage on Regency Centers in a report on Thursday, April 18th. They issued a “neutral” rating and a $60.00 target price on the stock. Wells Fargo & Company started coverage on Regency Centers in a report on Thursday, February 1st. They issued an “overweight” rating and a $70.00 target price on the stock. Truist Financial raised their price objective on Regency Centers from $71.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Finally, Evercore ISI upgraded Regency Centers from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $69.00 to $71.00 in a research report on Monday, January 22nd. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Regency Centers currently has a consensus rating of “Moderate Buy” and an average price target of $70.73.

Regency Centers Company Profile

Regency Centers is a preeminent national owner, operator, and developer of shopping centers located in suburban trade areas with compelling demographics. 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.