Regency Centers (REG) Scheduled to Post Earnings on Thursday

Regency Centers (NASDAQ:REG) is set to issue its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $1.03 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Regency Centers Price Performance

Shares of NASDAQ:REG opened at $59.22 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $10.94 billion, a PE ratio of 29.03, a P/E/G ratio of 3.84 and a beta of 1.16. Regency Centers has a twelve month low of $54.72 and a twelve month high of $68.47. The company has a 50-day moving average price of $59.84 and a two-hundred day moving average price of $61.73.

Regency Centers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th were given a dividend of $0.67 per share. The ex-dividend date was Tuesday, March 12th. This represents a $2.68 dividend on an annualized basis and a yield of 4.53%. Regency Centers’s dividend payout ratio is presently 131.37%.

Analyst Upgrades and Downgrades

REG has been the subject of a number of research reports. Evercore ISI upgraded shares of Regency Centers from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $69.00 to $71.00 in a research report on Monday, January 22nd. Mizuho started coverage on shares of Regency Centers in a report on Thursday, April 18th. They issued a “neutral” rating and a $60.00 price target on the stock. Truist Financial increased their price target on shares of Regency Centers from $71.00 to $72.00 and gave the stock a “buy” rating in a report on Tuesday, January 16th. Wells Fargo & Company started coverage on shares of Regency Centers in a report on Thursday, February 1st. They issued an “overweight” rating and a $70.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Regency Centers in a report on Tuesday, January 30th. They issued a “buy” rating and a $74.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $70.73.

Regency Centers Company Profile

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.