Regency Centers Corporation (REG): What the weekly performance showing

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Regency Centers Corporation (NASDAQ:REG) changes shares on Friday trading session, with a change of -3.91% or -$1.82 shares. The trading starts at $46.52 and closed at $46.45 throughout the day. The trading session low price was $44.14 and day high was $47.90 on Friday, June 19. After the session, the Real Estate sector daily volume shifted to 3.41 million while its average volume is 1.75M. In other hand, the REG market cap reached to $7.07B. While, its current target price is $44.64 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -6.80% and up 7.89% for month. Its quarterly performance was 26.44% above, while its half year performance is down -28.42%. REG yearly performance stood at negative -36.14% and fall -29.25% for year-to-date. Current recommendation for Regency Centers Corporation is 2.10.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. REG EPS (TTM) for 12-month is 0.74. EPS for this year is -2.60%, while for the next year its value is 1.46. Sales growth for the current quarter is 6.66 while its EPS Q/Q reached -128.00%. It has an EPS of -4.50% down for past five years and for the next five years will be up 9.10%.

Let’s take a look on the analyst recommendations on REG for the current month and previous month. For the current month, 10 of 19 analysts recommend stock as Buy while 1 as Sell, 2 as overweight, 0 as underweight and 6 as Hold. As compared with the previous month ratings, 19 analysts participate in stock recommendation. Out of 19, 1 rated it sell, 10 rated it as Buy and 6 as Hold Ratings. On the other hand, target price ranges from $32.50-$60.00. Average target price for REG was reached at $48.91.

Vanguard Group, Inc. (The), Blackrock Inc. and State Street Corporation are the top three holders in Regency Centers Corporation (REG) stock. On Mar 30, 2020, Vanguard Group, Inc. (The) has 28.01 million shares which valued 1.08 billion. On Mar 30, 2020, Blackrock Inc. owned 17.44 million shares which valued at 670.22 million. On Mar 30, 2020, State Street Corporation has a total of 11.49 million shares which valued at 441.64 million. In the end, State Street Corporation have 6.86% shares outstanding of Regency Centers Corporation (REG) on Mar 30, 2020. The insider ownership moved to 1.20%.

The company posted an EPS (TTM) of 0.74. According to the most recent quarter report on (Jun 2020), 5 analysts estimated an average EPS of 0.27, while 0.31 EPS posted a year ago period. Analyst Estimated EPS for REG published in the report was 0.22-0.34 during the same period. Comparing with last year, the average estimated EPS was 0.31 which is higher than -0.15 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for REG fall -21.43% for period of 200 days. SMA for 50 days was 4.94% which is showing green signal, while SMA-20 was -4.87%. The moving average value for Regency Centers Corporation (REG) is 51.92 and 43.90 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in REG stock. On Jun 08, STEIN MARTIN E JR, Executive Chairman, sold 20,000 trading shares at the cost of $50.56, which valued at 1.01 million. On Jun 05, CHANDLER, III DAN M., Executive VP and CIO, sold 3,000 shares at the cost of $51.50, with total shares of 22,955. On Mar 05, WIBBENMEYER NICHOLAS ANDREW, Managing Director, sold 2,500 shares at the cost of 61.00. After this transaction, WIBBENMEYER NICHOLAS ANDREW total shares reached to 3,920 which valued at 0.15 million.