Regency Centers Co. (NASDAQ:REGCP) Short Interest Update
by Tristan Rich · The Markets DailyRegency Centers Co. (NASDAQ:REGCP – Get Free Report) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totaling 538 shares, a drop of 30.7% from the December 15th total of 776 shares. Based on an average trading volume of 3,493 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 3,493 shares, the short-interest ratio is presently 0.2 days.
Regency Centers Stock Down 1.1%
Shares of REGCP stock traded down $0.26 during trading hours on Monday, reaching $23.37. 3,032 shares of the stock traded hands, compared to its average volume of 4,803. Regency Centers has a 1-year low of $21.89 and a 1-year high of $24.75. The business has a fifty day moving average price of $23.67 and a 200 day moving average price of $23.81.
Regency Centers Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be issued a $0.3906 dividend. The ex-dividend date is Friday, January 16th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.7%.
Regency Centers Company Profile
Regency Centers Corporation (NASDAQ: REGCP) is a real estate investment trust specializing in the ownership, development and management of grocery-anchored shopping centers. The company focuses on daily-need and necessity-based retail, targeting properties that serve as community hubs for food, health and service tenants.
Founded in 1993 and headquartered in Jacksonville, Florida, Regency has built a portfolio of more than 400 properties across key U.S. markets, including Southern California, Texas, the Southeast and the Mid-Atlantic.