Regency Centers Corporation (NASDAQ:REG) has made a noticeable presence in recent news. The real estate investment trust company has been attracting attention due to its strong first quarter 2024 earnings results, surpassing both FFO and revenue estimates, a great indication of their financial health. This has led to a revision of the forecast for 2024. Despite this positive financial performance, REG's stock has underperformed compared to competitors. Investors like Los Angeles Capital Management LLC and New York State Common Retirement Fund have sold their shares in REG. However, REG continues to pay out a quarterly dividend of $0.67 to its remaining investors. They have provided promising forecasts for the FY 2024. Despite a miss in Q3 FFO estimates, they raised their forecast for 2021. Regency Centers has recently completed the acquisition of Urstadt Biddle, a strategic move that is expected to bolster their portfolio. Despite insider selling by EVP Alan Roth, analysts have given REG a moderate buy rating. SG Americas Securities LLC has even increased its stake by 8574 shares. In another promising development, REG managed to secure a $197MM debt package for a 10-property national retail portfolio. They have continued their expansion by incorporating Whole Foods Market-anchored shopping centers, further strengthening their portfolio. They are looking towards further development in the Greater D.C. Metro Area with \"The Field at Commonwealth\" and in Orange County with \"The Village at Tustin Legacy\". However, they have also announced the departure of Chief Investment Officer Mac Chandler.
Regency Centers Corporation REG News Analytics from Thu, 25 Jul 2013 07:00:00 GMT to Mon, 06 May 2024 18:32:43 GMT -
Rating 5
- Innovation -3
- Information 8
- Rumor -6
