Regency Centers Corp Given New $60.00 Price Target at RBC Capital (REG)
Equities researchers at RBC Capital boosted their price objective on shares of Regency Centers Corp (NYSE:REG) from $58.00 to $60.00 in a research report issued on Friday. RBC Capital’s price objective points to a potential upside of 8.30% from the stock’s previous close.
Shares of Regency Centers Corp (NYSE:REG) traded up 0.75% during mid-day trading on Friday, hitting $55.40. 475,414 shares of the company’s stock traded hands. Regency Centers Corp has a 52 week low of $45.31 and a 52 week high of $56.51. The stock’s 50-day moving average is $55.37 and its 200-day moving average is $52.40. The company has a market cap of $5.093 billion and a P/E ratio of 38.21.
Regency Centers Corp (NYSE:REG) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.04. During the same quarter in the previous year, the company posted $0.67 earnings per share. On average, analysts predict that Regency Centers Corp will post $2.73 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 3rd. Investors of record on Wednesday, August 20th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.39%. The ex-dividend date is Monday, August 18th.
Several other analysts have also recently commented on the stock. Analysts at Barclays raised their price target on shares of Regency Centers Corp from $51.00 to $53.00 in a research note on Monday, July 21st. They now have an “equal weight” rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Regency Centers Corp from $51.00 to $55.00 in a research note on Friday, July 11th. They now have a “hold” rating on the stock. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $53.83.
Regency Centers Corporation, is a real estate investment trust (NYSE:REG) and is the managing general partner in Regency Centers, L.
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