Regency Centers Corp (NYSE:REG) has been given a consensus rating of “Buy” by the thirteen analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $69.14.
A number of equities research analysts have commented on the company. Citigroup set a $76.00 price objective on Regency Centers and gave the company a “buy” rating in a research note on Monday, May 20th. SunTrust Banks reissued a “buy” rating and issued a $70.00 price objective on shares of Regency Centers in a research note on Friday, February 22nd. Finally, Zacks Investment Research cut Regency Centers from a “hold” rating to a “sell” rating in a research note on Monday, March 18th.
In related news, insider H Craig Ramey sold 1,000 shares of Regency Centers stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $66.90, for a total transaction of $66,900.00. Following the transaction, the insider now owns 16,976 shares of the company’s stock, valued at $1,135,694.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP James D. Thompson sold 14,000 shares of Regency Centers stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $66.26, for a total value of $927,640.00. Following the transaction, the vice president now directly owns 63,249 shares in the company, valued at approximately $4,190,878.74. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.
Regency Centers stock traded up $0.65 during mid-day trading on Monday, reaching $69.52. The stock had a trading volume of 50,700 shares, compared to its average volume of 849,117. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.87 and a quick ratio of 0.87. Regency Centers has a fifty-two week low of $55.50 and a fifty-two week high of $69.01. The company has a 50-day simple moving average of $66.68. The stock has a market cap of $11.54 billion, a price-to-earnings ratio of 18.85, a PEG ratio of 2.50 and a beta of 0.37.
Regency Centers (NYSE:REG) last announced its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.95 EPS for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.01). Regency Centers had a net margin of 23.19% and a return on equity of 3.86%. The firm had revenue of $286.26 million during the quarter, compared to analyst estimates of $274.40 million. During the same period last year, the business posted $0.96 EPS. As a group, equities research analysts expect that Regency Centers will post 3.78 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Monday, May 13th were given a dividend of $0.585 per share. This is a boost from Regency Centers’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Friday, May 10th. This represents a $2.34 annualized dividend and a dividend yield of 3.37%. Regency Centers’s payout ratio is presently 63.41%.
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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