Regency Centers (NYSE:REG) updated its FY 2020
After-Hours earnings guidance on Wednesday. The company provided EPS guidance of 3.90-3.93 for the period. Regency Centers also updated its FY20 guidance to $3.90-3.93 EPS.
Several analysts recently issued reports on the company. Jefferies Financial Group raised Regency Centers from a hold rating to a buy rating and lifted their target price for the company from $66.00 to $71.00 in a research note on Wednesday, January 15th. Morgan Stanley downgraded Regency Centers from an overweight rating to an equal rating and dropped their price target for the stock from $71.00 to $65.00 in a research note on Tuesday, December 17th. BMO Capital Markets reaffirmed a hold rating and set a $66.00 price objective on shares of Regency Centers in a report on Thursday, October 31st. Scotiabank cut shares of Regency Centers from an outperform rating to a sector perform rating in a research note on Monday, November 4th. Finally, Citigroup downgraded shares of Regency Centers from a buy rating to a neutral rating and reduced their price target for the company from $75.00 to $71.00 in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $69.11.
Regency Centers stock traded up $1.19 during midday trading on Friday, reaching $64.02. 1,358,344 shares of the stock traded hands, compared to its average volume of 800,916. The stock has a market cap of $10.58 billion, a P/E ratio of 17.35, a PEG ratio of 2.50 and a beta of 0.37. The stock’s fifty day moving average is $62.75 and its 200-day moving average is $65.14. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.57. Regency Centers has a 12 month low of $60.35 and a 12 month high of $70.26.
Regency Centers (NYSE:REG) last released its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.16). The firm had revenue of $280.86 million during the quarter, compared to the consensus estimate of $284.66 million. Regency Centers had a return on equity of 3.86% and a net margin of 23.19%. During the same period in the previous year, the firm earned $0.46 EPS. On average, equities analysts predict that Regency Centers will post 3.78 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Monday, February 24th will be issued a $0.595 dividend. The ex-dividend date of this dividend is Friday, February 21st. This is a positive change from Regency Centers’s previous quarterly dividend of $0.59. This represents a $2.38 dividend on an annualized basis and a dividend yield of 3.72%. Regency Centers’s dividend payout ratio (DPR) is 63.41%.
About Regency Centers
Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers.
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