Regency Centers Corporation REG is a preeminent national owner, operator and developer of shopping centers in suburban trade areas with compelling demographics.
It is set to report its Q4 2024 earnings on Feb. 6, 2025. Wall Street analysts expect the company to post revenues of $362.83 million, up from $359.60 million in the previous year.
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If You Bought Regency Centers Stock 10 Years Ago
The company's stock traded at approximately $63.12 per share 10 years ago. If you had invested $10,000, you could have bought roughly 158 shares. Currently, shares trade at $74.92, meaning your investment's value could have grown to $11,869 from stock price appreciation alone. However, Regency Centers also paid dividends during these 10 years.
Regency Centers' dividend yield is currently 3.76%. Over the last 10 years, it has paid about $23.25 in dividends per share, which means you could have made $3,683 from dividends alone.
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Summing up $11,869 and $3,683, we end up with the final value of your investment, which is $15,552. This is how much you could have made if you had invested $10,000 in Regency Centers stock 10 years ago. This means a total return of 55.52%. However, this figure is significantly less than the S&P 500 total return for the same period, which was 237.71%.
What Could The Next 10 Years Bring?
Regency Centers has a consensus rating of "Buy" and a price target of $73.18 based on the ratings of 22 analysts. The price target implies more than 2% potential downside from the current stock price. Check out this article by Benzinga for six analysts' insights on Regency Centers.
On Oct. 28, the company announced its Q3 2024 earnings, posting revenues of $289.90 million, missing the consensus estimate of $354.74 million, as reported by Benzinga. The company reported Nareit FFO of $1.07 per diluted share and core operating earnings of $1.03 per diluted share.
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"We are proud to report another exceptional quarter, highlighted by strong operating fundamentals and meaningful value creation activity," said Lisa Palmer, President and Chief Executive Officer. "We continue to see robust tenant demand for our grocery-anchored shopping centers, allowing us to accelerate our organic growth while further increasing our investment pipelines. As a result, we are raising current year guidance and look forward to continued success in 2025."
The company raised its 2024 Nareit FFO guidance to $4.27 to $4.29 per diluted share and its 2024 core operating earnings guidance to $4.12 to $4.14 per diluted share.
Given the expected downside potential, growth-focused investors may not find Regency Centers stock attractive. However, the stock can be a good choice for income-focused investors, who can benefit from the company's solid dividend yield of 3.76% and consistent hikes. Regency Centers has raised its dividend consecutively for the last 11 years.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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