Regency Centers Corporation (NASDAQ:REG) Announces Quarterly Dividend of $0.80

Regency Centers Corporation (NASDAQ:REG) declared a quarterly dividend on Thursday, November 5th. Shareholders of record on Monday, December 14th will be paid a dividend of $0.80 per share on Tuesday, January 5th. This represents a $3.20 annualized dividend and a yield of 4.2%. The ex-dividend date is Monday, December 14th. This is a 6.0% increase from Regency Centers’s previous quarterly dividend of $0.7550.

Regency Centers has a 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 $5.08 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 59.4%.

Regency Centers Stock Down 0.7%

Shares of REG opened at $76.28 on Friday. The stock’s 50-day moving average price is $73.68 and its two-hundred day moving average price is $76.70. Regency Centers has a 12 month low of $66.86 and a 12 month high of $83.66. The company has a market capitalization of $13.97 billion, a PE ratio of 25.86, a PEG ratio of 4.61 and a beta of 0.80. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.71.

Analyst Upgrades and Downgrades

REG has been the subject of a number of analyst reports. Scotiabank lowered their price objective on Regency Centers from $82.00 to $81.00 and set a “sector perform” rating for the company in a research report on Thursday, September 17th. LADENBURG THALM/SH SH upped their target price on Regency Centers from $83.00 to $85.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Barclays decreased their target price on shares of Regency Centers from $92.00 to $85.00 and set an “overweight” rating for the company in a research report on Monday, September 28th. Mizuho lowered their price target on shares of Regency Centers from $82.00 to $76.00 and set a “neutral” rating for the company in a report on Thursday, September 24th. Finally, Morgan Stanley dropped their price target on shares of Regency Centers from $88.00 to $87.00 and set an “overweight” rating on the stock in a research report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $83.00.

About Regency Centers

Regency Centers Corporation is a real estate investment trust that owns, operates, develops and redevelops grocery-anchored shopping centers in the United States. Its properties are designed to serve everyday consumer needs and typically include supermarkets, restaurants, service providers, retailers and other commercial tenants.

The company focuses primarily on high-quality shopping centers located in established and growing communities, often in affluent or densely populated trade areas.