News stories about Regency Centers Corporation (NYSE:REG) have trended somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Regency Centers Corporation earned a coverage optimism score of 0.05 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 46.4935760318425 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Regency Centers Corporation (REG) Downgraded by Boenning Scattergood (americanbankingnews.com)
- BRIEF-Gazit Globe says units sold of 1,055,758 shares of common stock of Regency Centers Corp (feeds.reuters.com)
- Regency Centers Corp. breached its 50 day moving average in a Bearish Manner : REG-US : September 11, 2017 (finance.yahoo.com)
- BMO Capital Markets Initiates Coverage on Regency Centers Corporation (REG) (americanbankingnews.com)
- Regency Centers Invites You to Join Its Third Quarter Conference Call (finance.yahoo.com)
Several research analysts have recently weighed in on REG shares. Jefferies Group LLC reaffirmed a “hold” rating and set a $72.00 price objective on shares of Regency Centers Corporation in a research report on Friday, May 26th. 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. Barclays PLC reissued an “equal weight” rating and set a $73.00 price target (up from $72.00) on shares of Regency Centers Corporation in a research report on Monday, July 10th. Finally, Citigroup Inc. reissued a “neutral” rating and set a $67.00 price target (down from $70.00) on shares of Regency Centers Corporation in a research report on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Regency Centers Corporation currently has an average rating of “Buy” and an average target price of $73.00.
Regency Centers Corporation (REG) traded down 1.66% during mid-day trading on Tuesday, reaching $63.92. The company’s stock had a trading volume of 937,626 shares. The firm has a 50 day moving average price of $65.43 and a 200 day moving average price of $64.40. Regency Centers Corporation has a 52-week low of $58.63 and a 52-week high of $79.96. The company has a market cap of $10.85 billion, a price-to-earnings ratio of 106.18 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.03. The business 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 in the previous year, the business earned $0.81 EPS. Equities research analysts anticipate that Regency Centers Corporation will post $0.89 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 30th. Shareholders of record on Wednesday, August 16th were paid a dividend of $0.53 per share. The ex-dividend date was Monday, August 14th. This represents a $2.12 dividend on an annualized basis and a yield of 3.32%. Regency Centers Corporation’s dividend payout ratio (DPR) is currently 353.34%.
In other Regency Centers Corporation news, Director Mary Lou Fiala sold 7,775 shares of Regency Centers Corporation 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 completion of the transaction, the director now owns 17,145 shares in the company, valued at approximately $1,127,112.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 12.66% of the stock is currently owned by insiders.
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About Regency Centers Corporation
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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