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Friday, December 2, 2022

Regency Centers Corporation (REG) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Regency Centers Corporation (REG) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by +$1.72, or +3.17%, to $56.02. Volume reached 30,296 shares, with price reaching a high of $56.07 and a low of $56.02. Recently, Yahoo Finance discussed the stock, revealing that Regency Centers Announces Appointment of Kristin Campbell to Board of Directors.


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Stocks Info

Regency Centers Corporation is listed on the NASDAQ in the Real Estate sector while operating in the REIT – Retail industry. At the end of the last regular session, the stock closed at $56.07 and fluctuated between $56.12 as its day high and $54.57 as its day low. The current market capitalization of Regency Centers Corporation is $9.47B. A total of 1.32 million shares were traded on the day, compared to an average of 851.35K shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, REG has seen 6 BUY and 2 SELL insider trades, representing the acquisition of 3,472 and the disposition of 654 shares. Over the last 12 months, there were 43 BUYs and 22 SELLs from insiders. Insiders purchased 189,706 shares during that period but sold 176,903.

In the most recent transaction, WIBBENMEYER NICHOLAS ANDREW sold 4,330 shares of REG for 69.81 per share on Mar 09. After the transaction, the Senior Managing Director now owns 9,178 company shares. In a previous transaction on Nov 10, WATTLES THOMAS G sold 2,105 shares at 73.78 per share. REG shares that Director owns now total 48,464.

Among the insiders who sold shares, STEIN MARTIN E JR disposed of 3,322 shares on Oct 14 at a per-share price of $70.12. This resulted in the Executive Chairman holding 415,019 shares of REG after the transaction. In another insider transaction, STEIN MARTIN E JR sold 3,951 shares at $70.00 per share on Oct 13. Company shares held by the Executive Chairman now total 418,341.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Regency Centers Corporation pays an annual dividend of $2.50, resulting in a dividend yield of 4.46%, and it has a price to earnings (P/E) ratio of 19.83. REG’s most recent ex-dividend date was 09/14/2022 when it declared a $0.625 quarterly dividend that was paid in cash on 10/04/2022. Previously, the company paid the dividend on 07/06/2022 with an ex-dividend date of 06/14/2022. The dividend was $0.625 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for REG in the last 3 months, the mean price target is $70.47 with high estimates of $81.00 and low estimates of $62.00. In terms of 52-week highs and lows, REG has a high of $78.78 and a low of $51.97.

As of this writing, REG has an earnings estimate of $0.95 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.97 per share and a lower estimate of $0.94. The company reported an EPS of $1.0 in the last quarter, which was 5.26% higher than expectations of $0.95.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 20 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for REG is Sell with a score of 4.23. A total of 7 analysts rated the stock as Buy while 3 rated it as Overweight while 10 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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