Several other equities analysts also recently weighed in on REG. Jefferies Group LLC reissued a hold rating and set a $72.00 price target on shares of Regency Centers Corporation in a research report on Monday, April 24th. TheStreet downgraded Regency Centers Corporation from a b rating to a c rating in a research report on Tuesday, May 9th. BidaskClub raised Regency Centers Corporation from a strong sell rating to a sell rating in a research report on Wednesday, June 14th. Royal Bank Of Canada reissued a buy rating and set a $70.00 price target on shares of Regency Centers Corporation in a research report on Monday, June 19th. Finally, Barclays PLC reissued an equal weight rating and set a $73.00 price target (up previously from $72.00) on shares of Regency Centers Corporation in a research report on Monday, July 10th. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $74.70.
Shares of Regency Centers Corporation (REG) opened at 65.33 on Monday. The company’s 50 day moving average price is $64.63 and its 200 day moving average price is $65.08. Regency Centers Corporation has a 12 month low of $58.63 and a 12 month high of $82.44. The stock has a market capitalization of $11.09 billion, a PE ratio of 108.52 and a beta of 0.56.
Regency Centers Corporation (NYSE:REG) last released its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.03. The company had revenue of $240.42 million during the quarter, compared to the consensus estimate of $248.50 million. Regency Centers Corporation had a return on equity of 2.20% and a net margin of 13.19%. During the same quarter last year, the business posted $0.81 earnings per share. Equities analysts anticipate that Regency Centers Corporation will post $0.92 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Wednesday, August 16th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend is Monday, August 14th. Regency Centers Corporation’s dividend payout ratio is currently 353.34%.
In other news, insider H Craig Ramey sold 1,048 shares of Regency Centers Corporation stock in a transaction on Friday, June 9th. The stock was sold at an average price of $62.17, for a total value of $65,154.16. Following the completion of the sale, the insider now owns 15,769 shares of the company’s stock, valued at $980,358.73. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 12.66% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in REG. IHT Wealth Management LLC acquired a new stake in shares of Regency Centers Corporation during the second quarter worth approximately $124,000. Victory Capital Management Inc. acquired a new stake in shares of Regency Centers Corporation during the first quarter worth approximately $176,000. Global X Management Co. LLC acquired a new stake in shares of Regency Centers Corporation during the second quarter worth approximately $179,000. Advisor Group Inc. increased its stake in shares of Regency Centers Corporation by 15.6% in the second quarter. Advisor Group Inc. now owns 2,999 shares of the real estate investment trust’s stock worth $188,000 after buying an additional 404 shares in the last quarter. Finally, Baldwin Brothers Inc. MA acquired a new stake in shares of Regency Centers Corporation during the first quarter worth approximately $189,000. 88.89% of the stock is owned by institutional investors and hedge funds.
Regency Centers Corporation Company Profile
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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