News stories about Regency Centers (NYSE:REG) have trended somewhat positive this week, according to Accern. The research group ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Regency Centers earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 46.9820877794845 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Regency Centers Corporation: Regency Centers Invites You to Join Its Fourth Quarter Conference Call (twst.com)
- Hyatt Regency Hill Country Resort and Spa Welcomes New Executive Chef (prlog.org)
- SunTrust Banks Reiterates Buy Rating for Regency Centers (REG) (americanbankingnews.com)
- Analysts Expect Regency Centers Corporation (REG) Will Announce Quarterly Sales of $252.74 Million (americanbankingnews.com)
Shares of Regency Centers (NYSE:REG) traded up $0.11 during mid-day trading on Thursday, reaching $67.45. The company had a trading volume of 1,074,166 shares, compared to its average volume of 1,155,687. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.53. The firm has a market cap of $11,531.79, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 2.29 and a beta of 0.58. Regency Centers has a twelve month low of $58.63 and a twelve month high of $72.05.
Regency Centers (NYSE:REG) last announced its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.04. The business had revenue of $262.14 million for the quarter, compared to analyst estimates of $254.04 million. Regency Centers had a return on equity of 2.82% and a net margin of 17.59%. During the same quarter in the previous year, the firm earned $0.81 EPS. research analysts anticipate that Regency Centers will post 3.68 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Wednesday, November 15th were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 3.14%. The ex-dividend date was Tuesday, November 14th. Regency Centers’s dividend payout ratio is 235.56%.
A number of research firms have recently issued reports on REG. SunTrust Banks restated a “buy” rating and set a $74.00 price objective on shares of Regency Centers in a research report on Friday, December 1st. Zacks Investment Research cut Regency Centers from a “buy” rating to a “hold” rating in a research report on Tuesday, November 28th. Boenning Scattergood restated a “hold” rating on shares of Regency Centers in a research report on Monday, November 6th. Robert W. Baird restated a “buy” rating on shares of Regency Centers in a research report on Friday, November 3rd. Finally, Jefferies Group cut Regency Centers from a “buy” rating to a “hold” rating and lowered their price objective for the company from $74.00 to $67.00 in a research report on Friday, September 15th. Eight analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Regency Centers presently has an average rating of “Hold” and an average price target of $70.59.
In related news, Vice Chairman Chaim Katzman sold 1,055,758 shares of the business’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $64.30, for a total value of $67,885,239.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 12.66% of the stock is owned by insiders.
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About Regency Centers
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.
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