Regency Centers (NYSE: REG) released its results on Thursday, October 25. Real estate investment trusts reported a net profit of $ 0.41 per share for the quarter, up $ 0.03 to $ 0.38 per consensus, Fidelity Earnings reported. The Regency Center has a 3.86% stake and a net margin of 23.19%. The company's revenue was $ 278.3 million, compared with the company's consensus estimate of $ 265.31 million. Regency Center updated FY2018 guidance to $ 3.51-3.54 EPS.
The share price of the New York Stock Exchange (NYSE) rose $ 0.31 to $ 65.25 on Friday. The company had 556,078 trading volumes compared to the average trading volume of 1,071,016. The Regency Centers posted a 12-month low of $ 54.87 and a 12-month high of $ 70.64. The company's debt ratio is 0.57, with a current ratio of 0.87 and a fast rate of 0.92. The company has a market capitalization of $ 1086 million, a return on equity of 17.68, a PEG of 2.46, and a beta of 0.37.
The company also recently announced quarterly dividends and will be paid on Wednesday, November 28. Shareholders will receive a dividend of $ 0.555 per share on record on Wednesday, November 14. This represents an annual dividend of $ 2.22 and a return of 3.40%. Dividends are Tuesday, November 13. Regency Center's dividend payout ratio (DPR) is now 60.16%.
Some stock analysts recently released a report on the company. TheStreet posted a Regency Center rating of "b-" on the "c +" rating on Friday, July 27th. Deutsche Bank raised Regency Centers on a "buy" rating from "hold" to Tuesday and raised the price target from $ 70.00 to $ 72.00 on Tuesday, August 28th. Citigroup raised the Regency Center from a "neutral" rating to a "purchase rating" and raised its price target from $ 67.00 to $ 74.00 in a research report on Friday, Sept. 14. Morgan Stanley set a price target of $ 71,000 for Regency Centers and awarded a "buy" rating in its research report on Thursday, October 11. Finally, BMO Capital Markets reaffirmed its "hold" rating on Tuesday, September 25, for Research Center shares and announced a price target of $ 65.00. Seven stock analysts rated the stock at holding grade, and seven rated the company stock at purchase. The average rating for Regency Centers is "Buy" and the average price is $ 69.10.
In related news, insider Nicholas Andrew Wibbenmeyer sold 2,095 shares of stock in a trading session on Monday, September 10. The average price of the stock was $ 65.81, for a total of $ 137,871.95. Through this transaction, the insider currently owns 2,086 shares of the company, with a value of $ 137,279.66. Transactions were made available to the SEC's legal notice available on this hyperlink. Insider Alan Todd Roth also traded 2,300 shares on Friday, August 17. The stock was sold at an average price of $ 65.15 for a total of $ 149,845.00. After the transaction is completed, the insider currently owns 8,181 shares in the company and amounts to approximately $ 532,992.15. Information about this sale can be found here. 1.10% of the shares are owned by insider companies.
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Regency Center is an excellent national owner, operator and developer of a shopping center located in a rich and densely populated trading area. Our portfolio includes highly productive grocery stores, restaurants, service providers and thriving properties sold by top class retailers connected with local, community and customer relationships.
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