Regency Centers (REG) Scheduled to Post Quarterly Earnings on Thursday

Regency Centers (NASDAQ:REG) is scheduled 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. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Regency Centers Stock Performance

NASDAQ:REG opened at $59.61 on Thursday. The firm’s fifty day moving average price is $60.00 and its 200 day moving average price is $61.72. Regency Centers has a 1-year low of $54.72 and a 1-year high of $68.47. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $11.01 billion, a price-to-earnings ratio of 29.22, a price-to-earnings-growth ratio of 3.90 and a beta of 1.16.

Regency Centers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th were given a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $2.68 dividend on an annualized basis and a yield of 4.50%. Regency Centers’s dividend payout ratio (DPR) is 131.37%.

Analyst Upgrades and Downgrades

A number of research firms have commented on REG. Wells Fargo & Company began coverage on Regency Centers in a report on Thursday, February 1st. They issued an “overweight” rating and a $70.00 target price for the company. Truist Financial raised their target price on Regency Centers from $71.00 to $72.00 and gave the company a “buy” rating in a report on Tuesday, January 16th. Deutsche Bank Aktiengesellschaft began coverage on Regency Centers in a report on Tuesday, January 30th. They issued a “buy” rating and a $74.00 target price for the company. Mizuho assumed coverage on Regency Centers in a report on Thursday, April 18th. They issued a “neutral” rating and a $60.00 target price for the company. Finally, Evercore ISI raised Regency Centers from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $69.00 to $71.00 in a research note on Monday, January 22nd. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Regency Centers currently has an average rating of “Moderate Buy” and an average 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.