The stock of Regency Centers Corporation (NASDAQ: REG) has increased by 0.12 when compared to last closing price of 59.67. Despite this, the company has experienced a 1.41% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2024-03-31 that Filling out a perfect bracket for the NCAA’s March Madness tournament is extremely unlikely, with odds of 1 in 9.22 quintillion. Real estate investment trusts offer better odds for making money compared to March Madness brackets. I provide a list of REITs from various sectors that show promise for future profits.
Is It Worth Investing in Regency Centers Corporation (NASDAQ: REG) Right Now?
Regency Centers Corporation (NASDAQ: REG) has a higher price-to-earnings ratio of 29.28x compared to its average ratio. REG has 36-month beta value of 1.18. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 5 as “overweight,” 9 as “hold,” and 0 as “sell.”
The public float for REG is 183.33M, and currently, short sellers hold a 1.22% ratio of that float. The average trading volume of REG on April 04, 2024 was 1.25M shares.
REG’s Market Performance
The stock of Regency Centers Corporation (REG) has seen a 1.41% increase in the past week, with a -5.02% drop in the past month, and a -11.80% fall in the past quarter. The volatility ratio for the week is 1.30%, and the volatility levels for the past 30 days are at 1.51% for REG. The simple moving average for the past 20 days is -0.87% for REG’s stock, with a -3.91% simple moving average for the past 200 days.
Analysts’ Opinion of REG
Many brokerage firms have already submitted their reports for REG stocks, with Wells Fargo repeating the rating for REG by listing it as a “Overweight.” The predicted price for REG in the upcoming period, according to Wells Fargo is $70 based on the research report published on February 01, 2024 of the current year 2024.
Deutsche Bank, on the other hand, stated in their research note that they expect to see REG reach a price target of $74. The rating they have provided for REG stocks is “Buy” according to the report published on January 30th, 2024.
Evercore ISI gave a rating of “Outperform” to REG, setting the target price at $71 in the report published on January 22nd of the current year.
REG Trading at -2.41% from the 50-Day Moving Average
After a stumble in the market that brought REG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.75% of loss for the given period.
Volatility was left at 1.51%, however, over the last 30 days, the volatility rate increased by 1.30%, as shares sank -3.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.13% lower at present.
During the last 5 trading sessions, REG rose by +1.41%, which changed the moving average for the period of 200-days by -1.81% in comparison to the 20-day moving average, which settled at $60.15. In addition, Regency Centers Corporation saw -10.84% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at REG starting from PALMER LISA, who sale 25,306 shares at the price of $61.22 back on Feb 21 ’24. After this action, PALMER LISA now owns 130,001 shares of Regency Centers Corporation, valued at $1,549,307 using the latest closing price.
STEIN MARTIN E JR, the Executive Chairman of Regency Centers Corporation, sale 25,000 shares at $68.00 during a trade that took place back on Dec 14 ’23, which means that STEIN MARTIN E JR is holding 311,899 shares at $1,700,000 based on the most recent closing price.
Stock Fundamentals for REG
Current profitability levels for the company are sitting at:
- 0.5 for the present operating margin
- 0.7 for the gross margin
The net margin for Regency Centers Corporation stands at 0.19. The total capital return value is set at 0.06. Equity return is now at value 5.55, with 3.13 for asset returns.
Based on Regency Centers Corporation (REG), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 0.63. The interest coverage ratio of the stock is 4.34.
Currently, EBITDA for the company is 872.94 million with net debt to EBITDA at 4.97. When we switch over and look at the enterprise to sales, we see a ratio of 11.61. The receivables turnover for the company is 6.15for trailing twelve months and the total asset turnover is 0.11.
Conclusion
To put it simply, Regency Centers Corporation (REG) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
