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Saturday, December 2, 2023

The Street Is Finally Waking Up To Regency Centers Corporation (NASDAQ: REG)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Regency Centers Corporation (REG) shows that investor sentiment remained same, with the stock’s consolidated last price to $60.65. The Regency Centers Corporation has recorded 36,387 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Regency Centers Invites You to Join Its Third Quarter 2023 Earnings Conference Call.

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Stocks Info

Regency Centers Corporation is listed on the NASDAQ as a member of the Real Estate sector and is a part of the REIT – Retail industry. At the end of the last regular session, the stock closed at $60.65 and fluctuated between $60.80 as its day high and $59.93 as its day low. The current market capitalization of Regency Centers Corporation is $11.20B. A total of 1.23 million shares were traded on the day, compared to an average of 1.09M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, REG has seen 2 BUY and 2 SELL insider trades, representing the acquisition of 1,256 and the disposition of 125,900 shares. Over the last 12 months, there were 43 BUYs and 14 SELLs from insiders. Insiders purchased 190,562 shares during that period but sold 218,124.

In the most recent transaction, STEIN MARTIN E JR sold 125,000 shares of REG for 66.51 per share on Aug 07. After the transaction, the Executive Chairman now owns 343,399 company shares. In a previous transaction on Aug 07, WIBBENMEYER NICHOLAS ANDREW sold 900 shares at 66.39 per share. REG shares that EVP, W. Regional Pres. owns now total 18,749.

Among the insiders who sold shares, PALMER LISA disposed of 15,180 shares on Feb 14 at a per-share price of $65.58. This resulted in the President and CEO holding 106,000 shares of REG after the transaction. In another insider transaction, ROTH ALAN TODD sold 3,000 shares at $66.11 per share on Nov 10. Company shares held by the Senior Managing Director now total 10,786.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Regency Centers Corporation pays an annual dividend of $2.61, resulting in a dividend yield of 4.30%, and it has a price to earnings (P/E) ratio of 28.35. REG’s most recent ex-dividend date was 9/13/2023 when it declared a $0.65 quarterly dividend that was paid in cash on 10/4/2023. Previously, the company paid the dividend on 7/6/2023 with an ex-dividend date of 6/13/2023. The REG stock dividend was $0.65 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for REG in the last 3 months, the mean price target is $67.80 with high estimates of $74.00 and low estimates of $62.00. In terms of 52-week highs and lows, REG has a high of $68.56 and a low of $54.72.

As of this writing, REG has an earnings estimate of $0.47 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.54 per share and a lower estimate of $0.4. The company reported an EPS of $0.57 in the last quarter, which was 11.80% higher than expectations of $0.51.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. REG’s latest balance sheet shows that the firm has $95.03M in Cash & Short Term Investments as of fiscal 2021. There were $3.93B in debt and $322.27M in liabilities at the time. Its Book Value Per Share was $35.41, while its Total Shareholder’s Equity was $6.11B.

Analysts Opinion

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. Currently, 0 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 Buy with a score of 4.25.

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