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
Several analysts recently weighed in on the company. Truist Financial lowered their price objective on Regency Centers from $72.00 to $70.00 and set a buy rating for the company in a report on Monday, May 20th. Mizuho raised Regency Centers from a neutral rating to an outperform rating and boosted their price objective for the company from $61.00 to $67.00 in a report on Tuesday, July 9th. Finally, Scotiabank lowered their price objective on Regency Centers from $68.00 to $65.00 and set a sector perform rating for the company 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’s stock. Based on data from MarketBeat.com, Regency Centers currently has a consensus rating of Moderate Buy and an average target price of $70.64.
Read Our Latest Analysis on Regency Centers
Regency Centers Stock Up 2.5 %
Regency Centers Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.81%. The ex-dividend date of this dividend is Thursday, September 12th. Regency Centers’s dividend payout ratio (DPR) 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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