Regency Centers Corporation (NASDAQ: REG) is 6.96% higher on its value in year-to-date trading and has touched a low of $56.29 and a high of $71.97 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The REG stock was last observed hovering at around $71.27 in the last trading session, with the day’s gains setting it 0.39%.
Currently trading at $71.66, the stock is 2.34% and 8.35% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.79 million and changing 0.55% at the moment leaves the stock 14.27% off its SMA200. REG registered 16.10% gain for a year compared to 6-month gain of 17.53%.
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The stock witnessed a 4.78% loss in the last 1 month and extending the period to 3 months gives it a 22.10%, and is 1.24% 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 1.05% over the week and 1.61% over the month.
Regency Centers Corporation (REG) has around 497 employees, a market worth around $13.01B and $1.42B in sales. Current P/E ratio is 34.42 and Fwd P/E is 34.61. Profit margin for the company is 26.91%. Distance from 52-week low is 27.31% and -0.43% from its 52-week high. The company has generated returns on investments over the last 12 months (3.25%).
Regency Centers Corporation quarterly earnings per share for the current quarter are estimated at 0.46 with sales reaching $356.05M over the same period.The EPS is expected to shrink by -0.35% this year, but quarterly earnings will post 8.40% year-over-year. Quarterly sales are estimated to grow 7.70% in year-over-year returns.
748.0 institutions hold shares in Regency Centers Corporation (REG), with institutional investors hold 99.30% of the company’s shares. The shares outstanding are 184.13M, and float is at 180.08M with Short Float at 1.26%. Institutions hold 98.53% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 28.78 million shares valued at $1.79 billion. The investor’s holdings represent 15.584 of the REG Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 20.44 million shares valued at $1.27 billion to account for 11.0664 of the shares outstanding. The other top investors are NORGES BANK which holds 17.05 million shares representing 9.2334 and valued at over $1.06 billion, while STATE STREET CORP holds 6.3011 of the shares totaling 11.64 million with a market value of $731.48 million.
Regency Centers Corporation (REG) Insider Activity
Still, SEC filings show that on Aug 16 ’24, HERMAN MICHAEL R (Senior VP and General Counsel) disposed off 1,000 shares at an average price of $69.57 for $69569.0. The insider now directly holds 13,010 shares of Regency Centers Corporation (REG).
