Regency Centers Corporation (NASDAQ:REG) saw a downside of -0.03% to close Tuesday at $69.71 after subtracting -$0.02 on the day. The 5-day average trading volume is 813,300 shares of the company’s common stock. It has gained $70.56 in the past week. An average of 975,325 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 861,954.
REG’s 1-month performance is 2.42% or $3.47 on its low of $66.30 reached on 09/20/21. The company’s shares have touched a 52-week low of $33.29 and high of $70.56, with the stock’s rally to the 52-week high happening on 10/07/21. YTD, REG has achieved 52.91% or $24.12. However, the current price is down -1.20%% from the 52-week high price.
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On Sep 07, 36 days have gone by since the last insider trading activity for Regency Centers Corporation (REG). LEAVITT J CHRISTIAN (Chief Accounting Officer) most recently sold 1,000 shares at $68.88 per share on Sep 07. This transaction cost the insider $68,875. EVP and COO, THOMPSON JAMES D., sold 15,000 shares at a price of $67.86 on Jun 08. Then, on Jun 08, Managing Director WIBBENMEYER NICHOLAS ANDREW sold 1,921 shares at a price of $66.82 per share. This transaction amounted to $128,360.
The company’s PE ratio for the last five years has touched a high of 231.71 and a low of 24.39. REG stock has a beta of 1.10. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 11.22 while the price-to-book (PB) in the most recent quarter is 1.98, with the price to cash flow ratio at 42.03.
Regency Centers Corporation pays an annual dividend of $2.38 per share. Its dividend yield is 3.41% and the payout ratio is 177.10%. REG’s most recent quarterly dividend payment was made on Oct. 5, when it paid $0.5950 a share compared with prior rate of $0.5950, down 0.0% from last year’s. The company has boosted its dividend for the last 7 consecutive years with the latest dividend increase of $0.01 reported on Friday February 14 2020. Measured over the last 3 years, the Dividend has been growing by 13.33% yearly.
It is projected that Regency Centers Corporation’s next ex-dividend date will be on 20-Dec. REG is expected to distribute $0.595 as its next dividend.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.61, while the total debt to equity was 0.61. In terms of profitability, the gross margin trailing 12 months is 69.70%. while for the period ending June 29; Regency Centers Corporation’s operating margin was 27.10%. The firm’s gross profit as reported stood at $137.43 million against revenue of $1.02 billion.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected REG to announce $0.29 per share in earnings in its latest quarter, but it posted $0.56, representing a 93.10% surprise. EBITDA for the quarter stood at more than $180.5 million. REG stock balance sheet for the quarter ending June 29 shows that, with total debt at $3.87 billion. Shareholders hold equity totaling $169.87 million
Let’s look briefly at Regency Centers Corporation (REG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 58.94% to suggest the stock is trending Neutral, with historical volatility in this time period at 20.75%.
The stock’s 5-day moving average is $69.61, reflecting a +1.53% or $1.05 change from its current price. REG is currently trading +3.26% above its 20-day SMA, +11.09% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +7.96% and +53.51% respectively.
Stochastic %K and %D was 74.76% and 76.62% and the average true range (ATR) pointed at 1.37. The RSI (14) points at 57.73%, while the 14-day stochastic is at 77.10% with the period’s ATR at 1.40. The stock’s 9-day MACD Oscillator is pointing at 0.43 and 0.73 on the 14-day charts.
In the most recent analyst report for Regency Centers Corporation (NASDAQ: REG), Barclays launched coverage with an Equal weight rating. Analysts offering their rating for REG stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate REG as a “sell,”, while 10 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 8 have offered a “buy” rating.
What is REG’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $68.00 and a high of $78.00, with their median price target at $72.00. Looking at these predictions, the average price target given by analysts is for Regency Centers Corporation (REG) stock is $72.12.