Regency Centers Corp Plans Quarterly Dividend of $0.47 (REG)
Regency Centers Corp (NYSE:REG) announced a quarterly dividend on Friday, August 8th, Analyst RN reports. Stockholders of record on Wednesday, August 20th will be paid a dividend of 0.47 per share on Wednesday, September 3rd. This represents a $1.88 annualized dividend and a dividend yield of 3.39%. The ex-dividend date is Monday, August 18th.
A number of analysts have recently weighed in on REG shares. Analysts at RBC Capital raised their price target on shares of Regency Centers Corp from $58.00 to $60.00 in a research note on Friday. On the ratings front, 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. Finally, 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Regency Centers Corp presently has a consensus rating of “Hold” and a consensus target price of $53.83.
Regency Centers Corp (NYSE:REG) traded up 0.75% during mid-day trading on Friday, hitting $55.40. The stock had a trading volume of 475,414 shares. 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 $55.36 and its 200-day moving average is $52.38. The company has a market cap of $5.093 billion and a price-to-earnings ratio of 38.21.
Regency Centers Corp (NYSE:REG) last released its earnings data on Wednesday, August 6th. The company reported $0.71 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.67 by $0.04. During the same quarter in the prior year, the company posted $0.67 earnings per share. Analysts expect that Regency Centers Corp will post $2.73 EPS for the current fiscal year.
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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