Regency Centers (NYSE:REG) updated its FY 2020
After-Hours earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 3.90-3.93 for the period. Regency Centers also updated its FY20 guidance to $3.90-3.93 EPS.

A number of brokerages have recently issued reports on REG. Citigroup lowered Regency Centers from a buy rating to a neutral rating and lowered their price target for the stock from $75.00 to $71.00 in a research note on Thursday, December 12th. Jefferies Financial Group raised Regency Centers from a hold rating to a buy rating and boosted their price objective for the stock from $66.00 to $71.00 in a research note on Wednesday, January 15th. Morgan Stanley lowered Regency Centers from an overweight rating to an equal rating and decreased their price target for the company from $71.00 to $65.00 in a research note on Tuesday, December 17th. BMO Capital Markets reaffirmed a hold rating and issued a $66.00 price target on shares of Regency Centers in a research note on Thursday, October 31st. Finally, Scotiabank downgraded Regency Centers from an outperform rating to a sector perform rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $69.11.

Regency Centers stock traded up $1.19 during mid-day trading on Friday, reaching $64.02. 1,358,344 shares of the company were exchanged, compared to its average volume of 800,916. Regency Centers has a twelve month low of $60.35 and a twelve month high of $70.26. The firm’s 50-day simple moving average is $62.75 and its two-hundred day simple moving average is $65.14. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market cap of $10.58 billion, a PE ratio of 17.35, a price-to-earnings-growth ratio of 2.50 and a beta of 0.37.

Regency Centers (NYSE:REG) last released its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.16). The company had revenue of $280.86 million for the quarter, compared to analysts’ expectations 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 business posted $0.46 EPS. As a group, equities research analysts anticipate that Regency Centers will post 3.78 EPS for the current 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 given a dividend of $0.595 per share. The ex-dividend date is Friday, February 21st. This is an increase from Regency Centers’s previous quarterly dividend of $0.59. This represents a $2.38 annualized dividend and a yield of 3.72%. Regency Centers’s dividend payout ratio 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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Earnings History and Estimates for Regency Centers (NYSE:REG)

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