Regency Centers Corp Given Consensus Rating of “Hold” by Analysts (NYSE:REG)
Regency Centers Corp (NYSE:REG) has been given an average rating of “Hold” by the ten brokerages that are covering the company, AnalystRatings.Net reports. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $53.83.
Regency Centers Corp (NYSE:REG) opened at 57.14 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 $55.98 and a 200-day moving average of $53.35. The company has a market cap of $5.253 billion and a P/E ratio of 41.32.
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. Analysts expect that Regency Centers Corp will post $2.78 EPS 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 3.29%. The ex-dividend date is Monday, August 18th.
In other Regency Centers Corp news, COO Brian M. Smith unloaded 10,000 shares of Regency Centers Corp stock in a transaction that occurred on Monday, August 18th. The shares were 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 can be accessed through this link.
A number of research firms have recently commented on REG. 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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