Regency Centers Corp (NYSE:REG) announced a quarterly dividend on Wednesday, October 30th, RTT News reports. Shareholders of record on Tuesday, November 12th will be given a dividend of 0.585 per share by the real estate investment trust on Friday, November 22nd. This represents a $2.34 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend is Friday, November 8th.
NYSE:REG opened at $66.72 on Thursday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.57. Regency Centers has a 12 month low of $55.50 and a 12 month high of $70.26. The company has a market cap of $11.53 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 2.50 and a beta of 0.37. The company has a 50 day simple moving average of $68.31 and a two-hundred day simple moving average of $67.02.
Regency Centers (NYSE:REG) last posted its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.62). Regency Centers had a return on equity of 3.86% and a net margin of 23.19%. The company had revenue of $282.28 million during the quarter, compared to the consensus estimate of $275.37 million. During the same period last year, the firm posted $0.41 EPS. Research analysts forecast that Regency Centers will post 3.78 earnings per share for the current year.
A number of research firms have commented on REG. Scotiabank downgraded shares of Regency Centers from an “outperform” rating to a “sector perform” rating in a research report on Monday. BMO Capital Markets reaffirmed a “hold” rating and issued a $66.00 target price on shares of Regency Centers in a research report on Thursday, October 31st. Barclays reaffirmed a “buy” rating and issued a $75.00 target price on shares of Regency Centers in a research report on Sunday, October 13th. Finally, Compass Point began coverage on shares of Regency Centers in a research report on Thursday, August 15th. They issued a “neutral” rating and a $67.00 target price for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $69.48.
In other news, Director Thomas G. Wattles sold 2,073 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $65.47, for a total transaction of $135,719.31. Following the completion of the sale, the director now owns 49,085 shares of the company’s stock, valued at approximately $3,213,594.95. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider H Craig Ramey sold 1,210 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $65.29, for a total transaction of $79,000.90. Following the sale, the insider now directly owns 15,766 shares of the company’s stock, valued at approximately $1,029,362.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,080 shares of company stock valued at $660,413. Insiders own 1.10% of the company’s stock.
Regency Centers Company Profile
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.
Further Reading: Percentage Decliners
Receive News & Ratings for Regency Centers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regency Centers and related companies with MarketBeat.com's FREE daily email newsletter.