Regency Centers (NASDAQ:REGCP) Stock Price Down 1.3% – Here’s What Happened

Regency Centers Co. (NASDAQ:REGCP)’s stock price fell 1.3% during mid-day trading on Wednesday . The stock traded as low as $23.66 and last traded at $23.67. 4,306 shares changed hands during trading, a decline of 22% from the average session volume of 5,512 shares. The stock had previously closed at $23.99.

Regency Centers Stock Performance

The firm’s fifty day moving average price is $24.02 and its 200-day moving average price is $23.75.

Regency Centers (NASDAQ:REGCP) last issued its quarterly earnings data on Thursday, February 10th. The company reported $0.73 earnings per share for the quarter. The firm had revenue of $258.46 million for the quarter.

Regency Centers Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be paid a $0.3906 dividend. The ex-dividend date of this dividend is Friday, January 16th. This represents a $1.56 annualized dividend and a dividend yield of 6.6%.

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.