Regency Centers Corporation (NYSE:REG) updated its FY17 earnings guidance on Wednesday. The company provided EPS guidance of $3.62-3.68 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.67.
Several brokerages have recently issued reports on REG. Zacks Investment Research lowered Regency Centers Corporation from a buy rating to a hold rating in a research report on Wednesday, August 16th. Boenning Scattergood reissued a hold rating on shares of Regency Centers Corporation in a research report on Monday, August 7th. TheStreet raised Regency Centers Corporation from a c rating to a b- rating in a research report on Thursday, August 3rd. Jefferies Group LLC reissued a buy rating and issued a $74.00 target price on shares of Regency Centers Corporation in a research report on Monday, July 17th. Finally, Barclays PLC cut their price target on Regency Centers Corporation from $73.00 to $71.00 and set an equal weight rating on the stock in a research note on Tuesday, July 18th. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $71.46.
Regency Centers Corporation (NYSE:REG) last posted its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.04. Regency Centers Corporation had a net margin of 17.59% and a return on equity of 3.01%. The business had revenue of $262.14 million for the quarter, compared to analyst estimates of $254.04 million. During the same period in the prior year, the company posted $0.81 EPS.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Tuesday, November 14th. Regency Centers Corporation’s payout ratio is currently 235.56%.
In related news, Vice Chairman Chaim Katzman sold 1,055,758 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $64.30, for a total transaction of $67,885,239.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mary Lou Fiala sold 7,775 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $65.74, for a total transaction of $511,128.50. Following the transaction, the director now owns 17,145 shares of the company’s stock, valued at approximately $1,127,112.30. The disclosure for this sale can be found here. Corporate insiders own 12.66% of the company’s stock.
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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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