Regency Centers Corporation (NASDAQ: REG)’s stock price has plunge by 0.54relation to previous closing price of 56.98. Nevertheless, the company has seen a -1.82% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-11 that Regency’s (REG) focus on grocery-anchored shopping centers, expansion efforts and a solid balance sheet augur well for growth. Higher e-commerce adoption and high interest rates are concerns.
Is It Worth Investing in Regency Centers Corporation (NASDAQ: REG) Right Now?
The price-to-earnings ratio for Regency Centers Corporation (NASDAQ: REG) is 28.08x, which is above its average ratio. Moreover, the 36-month beta value for REG is 1.18. Analysts have varying opinions 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 183.32M and currently, short sellers hold a 1.50% of that float. On April 18, 2024, REG’s average trading volume was 1.24M shares.
REG’s Market Performance
The stock of Regency Centers Corporation (REG) has seen a -1.82% decrease in the past week, with a -3.52% drop in the past month, and a -8.29% fall in the past quarter. The volatility ratio for the week is 1.74%, and the volatility levels for the past 30 days are at 1.65% for REG. The simple moving average for the last 20 days is -3.27% for REG stock, with a simple moving average of -7.75% for the last 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 -5.04% 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 -16.33% of loss for the given period.
Volatility was left at 1.65%, however, over the last 30 days, the volatility rate increased by 1.74%, as shares sank -3.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.43% lower at present.
During the last 5 trading sessions, REG fell by -1.82%, which changed the moving average for the period of 200-days by -7.25% in comparison to the 20-day moving average, which settled at $59.13. In addition, Regency Centers Corporation saw -14.49% 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 11.27. The receivables turnover for the company is 6.15for trailing twelve months and the total asset turnover is 0.11.
Conclusion
To wrap up, the performance of Regency Centers Corporation (REG) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
