Regency Centers (NYSE:REG) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $3.83-3.89 for the period.
Shares of Regency Centers stock traded up $0.15 during midday trading on Wednesday, hitting $65.48. The company had a trading volume of 795,853 shares, compared to its average volume of 933,305. The firm has a market capitalization of $11.14 billion, a P/E ratio of 17.75, a PEG ratio of 2.50 and a beta of 0.37. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.57. Regency Centers has a 12-month low of $55.38 and a 12-month high of $66.86.
REG has been the subject of several research analyst reports. SunTrust Banks reaffirmed a buy rating and issued a $69.00 price objective on shares of Regency Centers in a research report on Monday, November 19th. Zacks Investment Research raised shares of Regency Centers from a hold rating to a buy rating and set a $71.00 price objective for the company in a research report on Tuesday, January 29th. Jefferies Financial Group reaffirmed a hold rating and issued a $66.00 price objective on shares of Regency Centers in a research report on Monday, December 17th. Royal Bank of Canada lowered shares of Regency Centers from a top pick rating to an outperform rating and set a $62.30 price objective for the company. in a research report on Friday, December 14th. Finally, Barclays raised shares of Regency Centers from an equal weight rating to an overweight rating and increased their price objective for the company from $63.00 to $69.00 in a research report on Monday, February 4th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has an average rating of Buy and an average target price of $69.03.
About Regency Centers
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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