Regency Centers Corporation (NASDAQ: REG) is 8.09% higher on its value in year-to-date trading and has touched a low of $56.51 and a high of $76.53 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 $73.21 in the last trading session, with the day’s loss setting it -0.79%.
Currently trading at $72.42, the stock is -2.92% and -1.26% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.74 million and changing -1.08% at the moment leaves the stock 8.65% off its SMA200. REG registered 9.10% gain for a year compared to 6-month gain of 16.54%. The firm has a 50-day simple moving average (SMA 50) of $73.3448 and a 200-day simple moving average (SMA200) of $66.6572.
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The stock witnessed a -2.46% loss in the last 1 month and extending the period to 3 months gives it a 1.16%, and is -3.84% down 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 2.47% over the week and 1.63% over the month.
Regency Centers Corporation (REG) has around 497 employees, a market worth around $13.22B and $1.45B in sales. Current P/E ratio is 34.13 and Fwd P/E is 34.78. Profit margin for the company is 26.98%. Distance from 52-week low is 28.15% and -5.37% from its 52-week high. The company has generated returns on investments over the last 12 months (3.32%).
with sales reaching $358.85M over the same period.The EPS is expected to grow by 2.31% this year, but quarterly earnings will post 8.88% year-over-year. Quarterly sales are estimated to grow 1.70% in year-over-year returns.
792.0 institutions hold shares in Regency Centers Corporation (REG), with institutional investors hold 102.21% of the company’s shares. The shares outstanding are 181.03M, and float is at 180.16M with Short Float at 2.22%. Institutions hold 101.41% 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).
