Regency Centers Corporation (NASDAQ: REG) stock fell -2.11% on Thursday to $55.16 against a previous-day closing price of $56.35. With 1.31 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.86 million shares. During the session, the REIT – Retail company that operates in wider Real Estate sector, reached to the highest price of $56.33 whereas the lowest price it dropped to was $54.72. The 52-week range on REG shows that it touched its highest point at $69.35 and its lowest point at $51.97 during that stretch. It currently has a 1-year price target of $69.07. With its current market cap of 9.53 billion, REG has annualized dividend of $2.60 while the current yield stands at 4.71%. Beta for the stock currently stands at 1.17.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of REG was down-trending over the past week, with a drop of -5.29%, but this was down by -7.25% over a month. Three-month performance dropped to -12.65% while six-month performance fell -16.98%. The stock lost -15.66% in the past year, while it has lost -11.74% so far this year. A look at the trailing 12-month EPS for REG yields 2.24 with Next year EPS estimates of 2.18. For the next quarter, that number is 0.50. This implies an EPS growth rate of 32.80% for this year and 5.51% for next year. EPS is expected to decline by -0.69% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 24.50%.
Float and Shares Shorts:
At present, 171.21 million REG shares are outstanding with a float of 169.68 million shares on hand for trading. On Apr 27, 2023, short shares totaled 3.09 million, which was 1.81% higher than short shares on Mar 30, 2023. In addition to Mr. Martin E. Stein Jr. as the firm’s Non Independent Exec. Chairman, Ms. Lisa Palmer serves as its Pres, CEO & Non Independent Director.
Institutional Ownership:
Through their ownership of 101.10% of REG’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 66.27% of REG, in contrast to 37.14% held by mutual funds. Shares owned by individuals account for 11.89%. As the largest shareholder in REG with 15.27% of the stake, The Vanguard Group, Inc. holds 26,165,079 shares worth 26,165,079. A second-largest stockholder of REG, Norges Bank Investment Management, holds 16,179,323 shares, controlling over 9.45% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in REG, holding 12,107,966 shares or 7.07% stake. With a 9.42% stake in REG, the Government Pension Fund – Global is the largest stakeholder. A total of 16,138,599 shares are owned by the mutual fund manager. The Vanguard Real Estate Index Fund, which owns about 3.95% of REG stock, is the second-largest Mutual Fund holder. It holds 6,768,338 shares valued at 415.78 million. Vanguard Total Stock Market ETF holds 3.11% of the stake in REG, owning 5,325,048 shares worth 327.12 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, REG reported revenue of $302.08M and operating income of $120.02M. The EBITDA in the recently reported quarter was $223.37M and diluted EPS was $0.61.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for REG since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With REG analysts setting a high price target of $79.00 and a low target of $62.00, the average target price over the next 12 months is $68.73. Based on these targets, REG could surge 43.22% to reach the target high and rise by 12.4% to reach the target low. Reaching the average price target will result in a growth of 24.6% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Dividends & Yield:
In terms of dividends, REG has a current ratio of $2.6, which is $2.6 over the trailing 12-months, while a dividend of $2.36 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and REG currently yields $4.62. In the past year, REG’s dividend yield has been $4.62, but when looking at the stock over the past five years, its yield has been $4.03. Accordingly, REG has a current buyback yield of $0.44. This was $0.44 for the TTM.
Summary of Insider Activity:
Insiders traded REG stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 21 while that of sell transactions has risen to 15 over the past year. The total number of shares bought during that period was 171,790 while 96,238 shares were sold.
