Regency Centers Corporation (REG) To Go Ex-Dividend on March 11th

Regency Centers Corporation (NASDAQ:REG) declared a quarterly dividend on Wednesday, February 4th. Shareholders of record on Wednesday, March 11th will be given a dividend of 0.755 per share on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Wednesday, March 11th.

Regency Centers has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 5 consecutive years. Regency Centers has a dividend payout ratio of 123.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Regency Centers to earn $4.67 per share next year, which means the company should continue to be able to cover its $3.02 annual dividend with an expected future payout ratio of 64.7%.

Regency Centers Trading Down 1.6%

Shares of NASDAQ:REG traded down $1.24 during trading on Friday, reaching $74.24. 801,221 shares of the stock were exchanged, compared to its average volume of 1,347,501. The firm’s 50-day moving average price is $69.96 and its 200 day moving average price is $70.85. Regency Centers has a 12-month low of $63.44 and a 12-month high of $78.18. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market cap of $13.58 billion, a price-to-earnings ratio of 34.18, a price-to-earnings-growth ratio of 2.77 and a beta of 0.94.

Wall Street Analyst Weigh In

A number of brokerages have commented on REG. Morgan Stanley reiterated an “overweight” rating and issued a $85.00 price objective on shares of Regency Centers in a report on Monday, January 5th. Truist Financial cut their price target on Regency Centers from $81.00 to $77.00 and set a “buy” rating on the stock in a research note on Tuesday, November 18th. Barclays upgraded Regency Centers from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $83.00 to $82.00 in a report on Tuesday, November 18th. Argus raised shares of Regency Centers to a “strong-buy” rating in a report on Wednesday, November 5th. Finally, Wells Fargo & Company upped their price target on Regency Centers from $81.00 to $82.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $78.69.

Regency Centers Company Profile

Regency Centers Corporation is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of grocery-anchored shopping centers. Focused on everyday needs retail, the company’s portfolio is strategically concentrated in high-growth, densely populated markets across the United States. By aligning its properties with essential retailers, Regency Centers delivers stable income streams and drives sustained value for shareholders.

Founded in 1963 and headquartered in Jacksonville, Florida, Regency Centers began as a single shopping center developer before evolving into one of the largest owners of grocery-center real estate.