News articles about Regency Centers (NYSE:REG) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Regency Centers earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 46.6169738223728 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Free Research Report as Regency’s Quarterly Revenue Soared 66%; Core FFO Rose 7% (finance.yahoo.com)
- Regency Centers (REG) Up 2.3% Since Earnings Report: Can It Continue? (finance.yahoo.com)
- Zacks: Brokerages Expect Regency Centers Corp (REG) to Announce $0.94 Earnings Per Share (americanbankingnews.com)
- Regency Centers Corp (REG) Insider H Craig Ramey Sells 1,400 Shares (americanbankingnews.com)
- Are Earnings Prospects Improving For Loss-Making Regnon Spólka Akcyjna’s (WSE:REG)? (finance.yahoo.com)
Regency Centers (NYSE:REG) traded down $0.38 during midday trading on Wednesday, reaching $58.82. 1,173,036 shares of the company’s stock were exchanged, compared to its average volume of 1,184,005. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $10,097.37, a price-to-earnings ratio of 67.61, a PEG ratio of 2.22 and a beta of 0.49. Regency Centers has a one year low of $54.87 and a one year high of $70.64.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Tuesday, February 20th were paid a $0.555 dividend. The ex-dividend date was Friday, February 16th. This is a positive change from Regency Centers’s previous quarterly dividend of $0.38. This represents a $2.22 dividend on an annualized basis and a yield of 3.77%. Regency Centers’s payout ratio is currently 255.17%.
Regency Centers declared that its board has approved a share repurchase plan on Thursday, February 8th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
REG has been the topic of several research analyst reports. Wells Fargo & Co reiterated an “outperform” rating and set a $65.00 price target (down from $76.00) on shares of Regency Centers in a research note on Friday, March 2nd. Boenning Scattergood reiterated a “hold” rating on shares of Regency Centers in a research note on Monday, February 12th. TheStreet lowered shares of Regency Centers from a “b-” rating to a “c” rating in a research note on Thursday, February 8th. Jefferies Group set a $71.00 price target on shares of Regency Centers and gave the stock a “hold” rating in a research note on Friday, January 12th. Finally, Zacks Investment Research lowered shares of Regency Centers from a “hold” rating to a “sell” rating in a research note on Friday, February 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $69.46.
In other news, Vice Chairman Chaim Katzman sold 204,602 shares of Regency Centers stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $64.90, for a total value of $13,278,669.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Alan Todd Roth sold 2,500 shares of Regency Centers stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $69.89, for a total transaction of $174,725.00. Following the completion of the sale, the director now directly owns 7,453 shares in the company, valued at approximately $520,890.17. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,349,572 shares of company stock worth $139,303,159. 12.66% of the stock is currently owned by company insiders.
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About Regency Centers
Regency Centers Corporation is a real estate investment trust (REIT). The Company is the general partner of Regency Centers, L.P. (the Operating Partnership). The Company is engaged in the ownership, management, leasing, acquisition and development of retail shopping centers through the Operating Partnership.
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