News articles about Regency Centers (NYSE:REG) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Regency Centers earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 46.3428848265924 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Regency Centers Announces Resignation of Board Member Chaim Katzman (markets.financialcontent.com)
- Regency Centers Corp Forecasted to Post Q2 2018 Earnings of $0.95 Per Share (REG) (americanbankingnews.com)
- Q1 2018 Earnings Forecast for Regency Centers Corp (REG) Issued By Boenning Scattergood (americanbankingnews.com)
- Regency Centers (REG) Given Hold Rating at Boenning Scattergood (americanbankingnews.com)
- Regency Centers Corp (REG) Increases Dividend to $0.56 Per Share (americanbankingnews.com)
Shares of Regency Centers (REG) traded up $0.12 on Wednesday, hitting $57.66. 1,363,851 shares of the stock traded hands, compared to its average volume of 1,113,595. Regency Centers has a 1-year low of $54.87 and a 1-year high of $72.05. The stock has a market capitalization of $9,790.00, a P/E ratio of 66.28, a P/E/G ratio of 1.88 and a beta of 0.43. The company has a current ratio of 0.94, a quick ratio of 0.63 and a debt-to-equity ratio of 0.53.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Tuesday, February 20th will be paid a $0.555 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $2.22 annualized dividend and a dividend yield of 3.85%. This is an increase from Regency Centers’s previous quarterly dividend of $0.38. Regency Centers’s dividend payout ratio is currently 243.68%.
Regency Centers announced that its Board of Directors has authorized a stock buyback plan on Thursday, February 8th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
A number of equities research analysts recently issued reports on the stock. Jefferies Group set a $69.00 price target on shares of Regency Centers and gave the company a “hold” rating in a research note on Friday, December 15th. Boenning Scattergood reaffirmed a “hold” rating on shares of Regency Centers in a research note on Tuesday, January 16th. Zacks Investment Research raised shares of Regency Centers from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research note on Tuesday, November 7th. SunTrust Banks reaffirmed a “buy” rating and set a $74.00 price target on shares of Regency Centers in a research note on Friday, December 1st. Finally, BMO Capital Markets set a $68.00 price target on shares of Regency Centers and gave the company a “hold” rating in a research note on Thursday, January 11th. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Regency Centers presently has an average rating of “Buy” and an average price target of $71.29.
In other news, Director Alan Todd Roth sold 2,500 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of $69.89, for a total value of $174,725.00. Following the sale, the director now owns 7,453 shares of the company’s stock, valued at $520,890.17. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO J Christian Leavitt sold 2,000 shares of the stock in a transaction on Friday, December 8th. The shares were sold at an average price of $67.61, for a total transaction of $135,220.00. Following the completion of the sale, the chief accounting officer now directly owns 14,314 shares in the company, valued at approximately $967,769.54. The disclosure for this sale can be found here. In the last three months, insiders sold 598,762 shares of company stock worth $38,701,922. Insiders own 12.66% of the company’s stock.
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About Regency Centers
Regency Centers Corporation is a real estate investment trust (REIT). The Company is the general partner of Regency Centers, L.P. (the Operating Partnership). The Company is engaged in the ownership, management, leasing, acquisition and development of retail shopping centers through the Operating Partnership.
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