Regency Centers (NASDAQ:REG – Get Free Report) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share guidance of $4.21-4.25 for the period, compared to the consensus earnings per share estimate of $4.19. Regency Centers also updated its FY 2024 guidance to 4.210-4.250 EPS.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on REG shares. Mizuho raised shares of Regency Centers from a neutral rating to an outperform rating and lifted their target price for the company from $61.00 to $67.00 in a research note on Tuesday, July 9th. Scotiabank dropped their target price on shares of Regency Centers from $68.00 to $65.00 and set a sector perform rating on the stock in a research note on Thursday, May 16th. Finally, Truist Financial reduced their price target on shares of Regency Centers from $72.00 to $70.00 and set a buy rating for the company in a research report on Monday, May 20th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Regency Centers presently has a consensus rating of Moderate Buy and a consensus price target of $70.64.
Check Out Our Latest Stock Report on Regency Centers
Regency Centers Price Performance
Regency Centers Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $2.68 dividend on an annualized basis and a yield of 3.81%. Regency Centers’s dividend payout ratio (DPR) is presently 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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