Regency Centers Corp Upgraded by Bank of America to Neutral (REG)
Shares of Regency Centers Corp (NYSE:REG) traded up 1.01% during mid-day trading on Monday, hitting $55.96. The stock had a trading volume of 83,248 shares. Regency Centers Corp has a one year low of $45.31 and a one year 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 40.77.
Regency Centers Corp (NYSE:REG) last announced its earnings results 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 $2.75 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 3rd. Shareholders 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 RBC Capital raised their price target on shares of Regency Centers Corp from $58.00 to $60.00 in a research note on Friday. Separately, 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. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average 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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