Regency Centers Corp (NYSE:REG) Declares Quarterly Dividend of $0.59

Regency Centers Corp (NYSE:REG) announced a quarterly dividend on Wednesday, October 30th, RTT News reports. Investors of record on Tuesday, November 12th will be paid a dividend of 0.585 per share by the real estate investment trust on Friday, November 22nd. This represents a $2.34 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend is Friday, November 8th.

Shares of REG stock opened at $66.72 on Thursday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.87 and a current ratio of 0.87. Regency Centers has a 52-week low of $55.50 and a 52-week high of $70.26. The company has a market capitalization of $11.53 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 2.50 and a beta of 0.37. The business’s fifty day moving average is $68.31 and its 200 day moving average is $67.02.

Regency Centers (NYSE:REG) last released its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.62). The firm had revenue of $282.28 million during the quarter, compared to the consensus estimate of $275.37 million. Regency Centers had a net margin of 23.19% and a return on equity of 3.86%. During the same period in the prior year, the company earned $0.41 EPS. On average, sell-side analysts forecast that Regency Centers will post 3.78 EPS for the current fiscal year.

In related news, insider Alan Todd Roth sold 3,000 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $65.74, for a total value of $197,220.00. Following the transaction, the insider now owns 8,001 shares of the company’s stock, valued at $525,985.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas G. Wattles sold 2,073 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $65.47, for a total value of $135,719.31. Following the completion of the transaction, the director now directly owns 49,085 shares in the company, valued at approximately $3,213,594.95. The disclosure for this sale can be found here. In the last three months, insiders sold 10,080 shares of company stock worth $660,413. 1.10% of the stock is owned by insiders.

REG has been the topic of a number of research analyst reports. BMO Capital Markets reissued a “hold” rating and issued a $66.00 target price on shares of Regency Centers in a research note on Thursday, October 31st. Compass Point initiated coverage on Regency Centers in a research note on Thursday, August 15th. They issued a “neutral” rating and a $67.00 target price on the stock. Scotiabank cut Regency Centers from an “outperform” rating to a “sector perform” rating in a research note on Monday. Finally, Barclays reissued a “buy” rating and issued a $75.00 target price on shares of Regency Centers in a research note on Sunday, October 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $69.48.

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.

Further Reading: Why investors pay attention to retained earnings

Dividend History for Regency Centers (NYSE:REG)

Receive News & Ratings for Regency Centers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regency Centers and related companies with's FREE daily email newsletter.