Regency Centers Co. (NASDAQ:REG) to Issue Quarterly Dividend of $0.71

Regency Centers Co. (NASDAQ:REG) announced a quarterly dividend on Friday, February 7th,Wall Street Journal reports. Shareholders of record on Wednesday, March 12th will be given a dividend of 0.705 per share on Wednesday, April 2nd. This represents a $2.82 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend is Wednesday, March 12th.

Regency Centers has raised its dividend payment by an average of 4.1% annually over the last three years. Regency Centers has a dividend payout ratio of 127.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Regency Centers to earn $4.66 per share next year, which means the company should continue to be able to cover its $2.82 annual dividend with an expected future payout ratio of 60.5%.

Regency Centers Stock Performance

Regency Centers stock opened at $74.02 on Friday. The firm has a fifty day simple moving average of $72.84 and a two-hundred day simple moving average of $72.12. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.65. Regency Centers has a twelve month low of $56.51 and a twelve month high of $76.53. The company has a market capitalization of $13.43 billion, a PE ratio of 34.92, a P/E/G ratio of 3.77 and a beta of 1.21.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.61. Regency Centers had a net margin of 27.54% and a return on equity of 5.89%. Research analysts expect that Regency Centers will post 4.49 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on REG shares. JPMorgan Chase & Co. upped their target price on Regency Centers from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Mizuho upped their price objective on shares of Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. Evercore ISI reduced their price target on shares of Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 24th. BTIG Research raised their price objective on shares of Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, KeyCorp assumed coverage on Regency Centers in a research report on Friday, October 25th. They issued an “overweight” rating and a $80.00 target price for the company. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $78.08.

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.