Regency Centers (NASDAQ:REG – Get Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 4.210-4.250 for the period, compared to the consensus EPS estimate of 4.190. The company issued revenue guidance of -. Regency Centers also updated its FY24 guidance to $4.21-4.25 EPS.
Analysts Set New Price Targets
REG has been the topic of a number of recent analyst reports. Truist Financial cut their price objective on Regency Centers from $72.00 to $70.00 and set a buy rating on the stock in a research note on Monday, May 20th. Mizuho raised Regency Centers from a neutral rating to an outperform rating and raised their target price for the company from $61.00 to $67.00 in a report on Tuesday, July 9th. Finally, Scotiabank decreased their price objective on Regency Centers from $68.00 to $65.00 and set a sector perform rating on the stock in a report on Thursday, May 16th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $70.64.
Check Out Our Latest Research Report on REG
Regency Centers Price Performance
Regency Centers Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend is Thursday, September 12th. Regency Centers’s dividend payout ratio is currently 130.73%.
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.
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