Regency Centers Corporation (NASDAQ: REG)’s stock price has gone rise by 1.44 in comparison to its previous close of 72.82, however, the company has experienced a 3.40% increase in its stock price over the last five trading days. seekingalpha.com reported 2024-11-05 that Real estate activity is rebounding as macroeconomic uncertainties clear, with significant leasing volume in data centers and retail sectors, leading to future revenue visibility. SNO leases in data centers and retail REITs provide excellent visibility into future annual base rent, impacting future FFO growth as leases commence in 2025-2026. Retail REITs like CTO and Brixmor benefit from high-margin SNO leases filling vacant spaces, translating to substantial AFFO growth, unlike lower-margin data center leases.
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 34.81x compared to its average ratio. REG has 36-month beta value of 1.22. 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.”
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The public float for REG is 180.09M, and currently, short sellers hold a 1.47% ratio of that float. The average trading volume of REG on November 08, 2024 was 943.33K shares.
REG’s Market Performance
The stock of Regency Centers Corporation (REG) has seen a 3.40% increase in the past week, with a 3.95% rise in the past month, and a 4.91% gain in the past quarter. The volatility ratio for the week is 2.18%, and the volatility levels for the past 30 days are at 1.73% for REG. The simple moving average for the past 20 days is 2.60% for REG’s stock, with a 13.96% simple moving average for the past 200 days.
Analysts’ Opinion of REG
Many brokerage firms have already submitted their reports for REG stocks, with KeyBanc Capital Markets repeating the rating for REG by listing it as a “Overweight.” The predicted price for REG in the upcoming period, according to KeyBanc Capital Markets is $80 based on the research report published on October 25, 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 $75, previously predicting the price at $70. The rating they have provided for REG stocks is “Hold” according to the report published on September 26th, 2024.
Evercore ISI gave a rating of “In-line” to REG, setting the target price at $75 in the report published on September 16th of the current year.
REG Trading at 2.24% 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 -1.85% of loss for the given period.
Volatility was left at 1.73%, however, over the last 30 days, the volatility rate increased by 2.18%, as shares surge +5.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.08% upper at present.
During the last 5 trading sessions, REG rose by +3.40%, which changed the moving average for the period of 200-days by +18.74% in comparison to the 20-day moving average, which settled at $72.00. In addition, Regency Centers Corporation saw 10.25% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at REG starting from ROTH ALAN TODD, who proposed sale 4,250 shares at the price of $70.36 back on Aug 14 ’24. After this action, ROTH ALAN TODD now owns shares of Regency Centers Corporation, valued at $299,030 using the latest closing price.
HERMAN MICHAEL R, the Officer of Regency Centers Corporation, proposed sale 1,000 shares at $69.57 during a trade that took place back on Aug 16 ’24, which means that HERMAN MICHAEL R is holding shares at $69,569 based on the most recent closing price.
Stock Fundamentals for REG
Current profitability levels for the company are sitting at:
- 0.36 for the present operating margin
- 0.49 for the gross margin
The net margin for Regency Centers Corporation stands at 0.28. The total capital return value is set at 0.04. Equity return is now at value 5.84, with 3.25 for asset returns.
Based on Regency Centers Corporation (REG), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.18. The debt to equity ratio resting at 0.65. The interest coverage ratio of the stock is 2.85.
Currently, EBITDA for the company is 872.94 million with net debt to EBITDA at 4.71. When we switch over and look at the enterprise to sales, we see a ratio of 12.25. The receivables turnover for the company is 6.01for trailing twelve months and the total asset turnover is 0.12.
Conclusion
To put it simply, Regency Centers Corporation (REG) has had a better 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
