Regency Centers Corporation (NASDAQ: REG) is -1.33% lower 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 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 $73.04 in the last trading session, with the day’s loss setting it -0.09%.
Currently trading at $72.95, the stock is 1.97% and -0.14% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.93 million and changing -0.12% at the moment leaves the stock 6.31% off its SMA200. REG registered 19.14% gain for a year compared to 6-month gain of 4.53%. The firm has a 50-day simple moving average (SMA 50) of $73.0852 and a 200-day simple moving average (SMA200) of $68.5487.
The stock witnessed a 2.63% loss in the last 1 month and extending the period to 3 months gives it a 0.93%, and is 1.38% 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 1.71% over the week and 1.86% over the month.
Regency Centers Corporation (REG) has around 497 employees, a market worth around $13.32B and $1.45B in sales. Current P/E ratio is 34.38 and Fwd P/E is 32.73. Profit margin for the company is 26.98%. Distance from 52-week low is 29.09% and -4.68% from its 52-week high. The company has generated returns on investments over the last 12 months (3.32%).
The EPS is expected to shrink by -50.49% this year
793.0 institutions hold shares in Regency Centers Corporation (REG), with institutional investors hold 102.11% of the company’s shares. The shares outstanding are 181.03M, and float is at 180.15M with Short Float at 2.28%. Institutions hold 101.32% 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).
