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

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

Regency Centers Stock Down 0.1 %

NASDAQ:REG traded down $0.07 during trading hours on Monday, hitting $58.93. The stock had a trading volume of 783,694 shares, compared to its average volume of 1,266,355. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64. Regency Centers has a 1-year low of $54.72 and a 1-year high of $68.47. The business has a 50 day simple moving average of $59.74 and a two-hundred day simple moving average of $61.71. The company 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.

Regency Centers Dividend Announcement

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

Analyst Upgrades and Downgrades

REG has been the subject of several recent research reports. 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 for the company. Mizuho started 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 for the company. Evercore ISI raised shares of Regency Centers from an in-line rating to an outperform rating and raised their price target for the stock from $69.00 to $71.00 in a research report on Monday, January 22nd. Truist Financial raised their price target on shares of Regency Centers from $71.00 to $72.00 and gave the stock a buy rating in a research report on Tuesday, January 16th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Regency Centers in a research report on Tuesday, January 30th. They set a buy rating and a $74.00 price target for the company. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Regency Centers has an average rating of Moderate Buy and a consensus price target 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.