Regency Centers Corporation (NASDAQ: REG) is -9.36% lower on its value in year-to-date trading and has touched a low of $54.72 and a high of $68.47 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The REG stock was last observed hovering at around $60.26 in the last trading session, with the day’s gains setting it 0.47%.
Currently trading at $60.73, the stock is -0.22% and -1.75% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.11 million and changing 0.78% at the moment leaves the stock -2.34% off its SMA200. REG registered 4.54% gain for a year compared to 6-month loss of -2.79%. The firm has a 50-day simple moving average (SMA 50) of $11.92 and a 200-day simple moving average (SMA200) of $17.93.
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The stock witnessed a -0.80% gain in the last 1 month and extending the period to 3 months gives it a -8.51%, and is 2.48% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.54% over the week and 1.53% over the month.
Regency Centers Corporation (REG) has around 497 employees, a market worth around $11.21B and $1.32B in sales. Current P/E ratio is 29.76 and Fwd P/E is 28.21. Profit margin for the company is 27.18%. Distance from 52-week low is 10.98% and -11.30% from its 52-week high. The company has generated returns on investments over the last 12 months (3.14%).
Regency Centers Corporation quarterly earnings per share for the current quarter are estimated at $0.47 with sales reaching $360.13M over the same period.The EPS is expected to shrink by -4.13% this year, but quarterly earnings will post 9.70% year-over-year. Quarterly sales are estimated to grow 15.80% in year-over-year returns.
749 institutions hold shares in Regency Centers Corporation (REG), with institutional investors hold 99.05% of the company’s shares. The shares outstanding are 184.13M, and float is at 183.11M with Short Float at 1.22%. Institutions hold 98.29% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 26.73 million shares valued at $1.65 billion. The investor’s holdings represent 15.96% of the REG Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 17.73 million shares valued at $1.1 billion to account for 10.58% of the shares outstanding. The other top investors are Norges Bank Investment Management which holds 16.18 million shares representing 9.66% and valued at over $1.01 billion, while State Street Corporation holds 7.18% of the shares totaling 12.02 million with a market value of $742.64 million.
Regency Centers Corporation (REG) Insider Activity
The most recent transaction is an insider sale by PALMER LISA, the company’s President and CEO. SEC filings show that PALMER LISA sold 25,306 shares of the company’s common stock on Feb 21 ’24 at a price of $61.22 per share for a total of $1.55 million. Following the sale, the insider now owns 0.13 million shares.
Regency Centers Corporation disclosed in a document filed with the SEC on Dec 14 ’23 that STEIN MARTIN E JR (Executive Chairman) sold a total of 25,000 shares of the company’s common stock. The trade occurred on Dec 14 ’23 and was made at $68.00 per share for $1.7 million. Following the transaction, the insider now directly holds 0.31 million shares of the REG stock.
Still, SEC filings show that on Dec 05 ’23, ROTH ALAN TODD (EVP, E. Regional Pres.) disposed off 3,869 shares at an average price of $64.58 for $0.25 million. The insider now directly holds 13,250 shares of Regency Centers Corporation (REG).
