Regency Centers (NASDAQ:REG) Issues FY 2024 Earnings Guidance

Regency Centers (NASDAQ:REG) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided EPS guidance of 4.150-4.210 for the period, compared to the consensus EPS estimate of 4.180. The company issued revenue guidance of -.

Regency Centers Trading Down 0.1 %

REG stock traded down $0.07 during midday trading on Monday, reaching $58.93. The company’s stock had a trading volume of 783,694 shares, compared to its average volume of 1,266,355. Regency Centers has a 52 week low of $54.72 and a 52 week high of $68.47. The stock has a market cap of $10.89 billion, a PE ratio of 28.75, a price-to-earnings-growth ratio of 3.88 and a beta of 1.16. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 0.64. The business’s 50-day simple moving average is $59.74 and its 200-day simple moving average is $61.71.

Regency Centers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 12th will be paid a $0.67 dividend. The ex-dividend date is Wednesday, June 12th. This represents a $2.68 dividend on an annualized basis and a yield of 4.55%. Regency Centers’s payout ratio is presently 130.73%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Mizuho assumed coverage on shares of Regency Centers in a research report on Thursday, April 18th. They set a neutral rating and a $60.00 price target on the stock. Wells Fargo & Company initiated coverage on shares of Regency Centers in a research report on Thursday, February 1st. They issued an overweight rating and a $70.00 price objective on the stock. Evercore ISI raised shares of Regency Centers from an in-line rating to an outperform rating and boosted their price objective for the company from $69.00 to $71.00 in a research report on Monday, January 22nd. Deutsche Bank Aktiengesellschaft started coverage on shares of Regency Centers in a research note on Tuesday, January 30th. They set a buy rating and a $74.00 price objective on the stock. Finally, Truist Financial upped their price target on shares of Regency Centers from $71.00 to $72.00 and gave the company a buy rating in a research note on Tuesday, January 16th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $70.73.

About Regency Centers

Regency Centers is a preeminent national owner, operator, and developer of shopping centers located in suburban trade areas with compelling demographics. 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.