Regency Centers Corp Given Consensus Recommendation of “Hold” by Brokerages (NYSE:REG)
Shares of Regency Centers Corp (NYSE:REG) have earned an average rating of “Hold” from the ten brokerages that are presently covering the stock, Analyst Ratings Network reports. Seven analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $53.83.
In other Regency Centers Corp news, COO Brian M. Smith unloaded 10,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $56.81, for a total value of $568,100.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Regency Centers Corp (NYSE:REG) opened at 56.70 on Thursday. Regency Centers Corp has a 52-week low of $45.31 and a 52-week high of $57.99. The stock has a 50-day moving average of $55.89 and a 200-day moving average of $53.27. The company has a market cap of $5.213 billion and a P/E ratio of 41.49.
Regency Centers Corp (NYSE:REG) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.71 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.67 by $0.04. During the same quarter last year, the company posted $0.67 earnings per share. Analysts expect that Regency Centers Corp will post $2.78 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend is Monday, August 18th.
Several analysts have recently commented on the stock. Analysts at Bank of America upgraded shares of Regency Centers Corp to a “neutral” rating in a research note on Monday, August 11th. Separately, 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, August 8th. Finally, 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.
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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