Regency Centers Corporation (NYSE:REG) issued its earnings results on Wednesday. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04, Briefing.com reports. Regency Centers Corporation had a return on equity of 2.20% and a net margin of 13.19%. During the same quarter in the prior year, the business posted $0.81 earnings per share. Regency Centers Corporation updated its FY17 guidance to $3.62-3.68 EPS.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Wednesday, November 15th will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 3.44%. Regency Centers Corporation’s payout ratio is currently 353.34%.

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In related news, Vice Chairman Chaim Katzman sold 1,055,758 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $64.30, for a total transaction of $67,885,239.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mary Lou Fiala sold 7,775 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $65.74, for a total value of $511,128.50. Following the sale, the director now directly owns 17,145 shares in the company, valued at approximately $1,127,112.30. The disclosure for this sale can be found here. 12.66% of the stock is owned by insiders.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded Regency Centers Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday. TheStreet raised Regency Centers Corporation from a “c” rating to a “b-” rating in a research note on Thursday, August 3rd. Citigroup Inc. set a $70.00 target price on Regency Centers Corporation and gave the stock a “hold” rating in a research note on Monday, August 14th. BidaskClub raised Regency Centers Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, Boenning Scattergood reissued a “hold” rating on shares of Regency Centers Corporation in a research note on Monday, August 7th. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Regency Centers Corporation presently has a consensus rating of “Buy” and a consensus price target of $71.46.

Regency Centers Corporation Company Profile

Regency Centers Corporation is a real estate investment trust (REIT). The Company is the general partner of Regency Centers, L.P. (the Operating Partnership). The Company is engaged in the ownership, management, leasing, acquisition and development of retail shopping centers through the Operating Partnership.

Earnings History for Regency Centers Corporation (NYSE:REG)

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