Regency Centers (NASDAQ:REG - Get Free Report) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 4.150-4.210 for the period, compared to the consensus estimate of 4.180. The company issued revenue guidance of -.
Analyst Upgrades and Downgrades
REG has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Regency Centers in a report on Tuesday, January 30th. They issued a buy rating and a $74.00 price objective for the company. Evercore ISI raised shares of Regency Centers from an in-line rating to an outperform rating and upped their price target for the company from $69.00 to $71.00 in a report on Monday, January 22nd. Mizuho initiated coverage on shares of Regency Centers in a report on Thursday, April 18th. They issued a neutral rating and a $60.00 price target for the company. Wells Fargo & Company initiated coverage on shares of Regency Centers in a research note on Thursday, February 1st. They set an overweight rating and a $70.00 price objective for the company. Finally, Truist Financial upped their price objective on shares of Regency Centers from $71.00 to $72.00 and gave the company a buy rating in a research note on Tuesday, January 16th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Regency Centers has an average rating of Moderate Buy and an average target price of $70.73.
Check Out Our Latest Report on Regency Centers
Regency Centers Stock Performance
REG stock traded down $1.02 on Friday, reaching $59.00. 2,137,541 shares of the company were exchanged, compared to its average volume of 1,271,968. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.85 and a quick ratio of 0.85. Regency Centers has a 12 month low of $54.72 and a 12 month high of $68.47. The stock's fifty day moving average price is $59.78 and its 200 day moving average price is $61.70. The firm has a market capitalization of $10.90 billion, a PE ratio of 28.80, a PEG ratio of 3.89 and a beta of 1.16.
Regency Centers Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 12th will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 4.54%. Regency Centers's dividend payout ratio is currently 131.37%.
About Regency Centers
(
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Regency Centers is a preeminent national owner, operator, and developer of shopping centers located in suburban trade areas with compelling demographics. 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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