Regency Centers (REG) Stock Price, News & Analysis

Company Overview

Regency Centers is a preeminent national owner, operator, and developer of shopping centers located in suburban trade areas with compelling demographics. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers. Operating as a fully integrated real estate company, Regency Centers is a qualified real estate investment trust (REIT) that is self-administered, self-managed, and an S&P 500 Index member.

Key Stats

• Today's Range: $72.25 to $74.50
• 50-Day Range: $70.71 to $75.91
• 52-Week Range: $56.51 to $76.53
• Volume: 3.28 million shs
• Average Volume: 1.11 million shs
• Market Capitalization: $13.39 billion
• P/E Ratio: 34.65
• Dividend Yield: 3.82%
• Price Target: $77.25
• Consensus Rating: Buy

Regency Centers Stock Analysis - MarketRank™

Regency Centers scored higher than 78% of companies evaluated by MarketBeat, and ranked 310th out of 936 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Buy

Consensus Rating

Regency Centers has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 8 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Regency Centers has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: 4.44%

Earnings Growth

Earnings for Regency Centers are expected to grow by 4.44% in the coming year, from $4.28 to $4.47 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Regency Centers is 34.65, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.73.

Price to Earnings Ratio vs. Sector

The P/E ratio of Regency Centers is 34.65, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 24.70.

Price to Earnings Growth Ratio

Regency Centers has a PEG Ratio of 4.16. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Regency Centers has a P/B Ratio of 1.96. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.20% of the outstanding shares of Regency Centers have been sold short.

Short Interest Ratio / Days to Cover

Regency Centers has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Regency Centers has recently increased by 6.10%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Regency Centers is a leading dividend payer. It pays a dividend yield of 3.89%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Regency Centers does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Regency Centers is 132.39%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Regency Centers will have a dividend payout ratio of 63.09% next year. This indicates that Regency Centers will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.0 / 5
• Environmental Score: -1.99

Percentage of Shares Shorted

2.20% of the outstanding shares of Regency Centers have been sold short.

Short Interest Ratio / Days to Cover

Regency Centers has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Regency Centers has recently increased by 6.10%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 1.29

News Sentiment

Regency Centers has a news sentiment score of 1.29. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.74 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Regency Centers this week, compared to 9 articles on an average week.

Search Interest

Only 2 people have searched for REG on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Regency Centers insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.00% of the stock of Regency Centers is held by insiders.

Percentage Held by Institutions

96.07% of the stock of Regency Centers is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

REG Stock Analysis - Frequently Asked Questions

How have REG shares performed this year?

Regency Centers' stock was trading at $67.00 on January 1st, 2024. Since then, REG shares have increased by 10.1% and is now trading at $73.80.
View the best growth stocks for 2024 here.

How were Regency Centers' earnings last quarter?

Regency Centers Co. (NASDAQ:REG) issued its earnings results on Monday, October, 28th. The company reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $1.04 by $0.50. The firm earned $360.27 million during the quarter, compared to analysts' expectations of $355.17 million. Regency Centers had a net margin of 27.78% and a trailing twelve-month return on equity of 5.85%.
Read the conference call transcript.

How will Regency Centers' stock buyback program work?

Regency Centers' board initiated a stock buyback plan on Thursday, February 9th 2023, which authorizes the company to buy back $250,000,000 in shares, according to EventVestor. This means that the company could reacquire up to 2.3% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's management believes its stock is undervalued.

Who are Regency Centers' major shareholders?

Top institutional shareholders of Regency Centers include State Street Corp (6.48%), Principal Financial Group Inc. (4.86%), Geode Capital Management LLC (2.47%) and Charles Schwab Investment Management Inc. (1.27%). Insiders that own company stock include Martin E Stein Jr, Lisa Palmer, Nicholas Andrew Wibbenmeyer and Michael R Herman.
View institutional ownership trends.

How do I buy shares of Regency Centers?

Shares of REG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Regency Centers own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Regency Centers investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

• Ex-Dividend for 10/3 Dividend: 9/12/2024
• Dividend Payable: 10/03/2024
• Last Earnings: 10/28/2024
• Ex-Dividend for 1/3 Dividend: 12/16/2024
• Today: 12/22/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/03/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Trading
• Current Symbol: NASDAQ:REG
• CUSIP: N/A
• CIK: 910606
• Web: www.regencycenters.com
• Phone: (904) 598-7000
• Fax: 904-634-3428
• Employees: 440
• Year Founded: 1963

Price Target and Rating

• Average Stock Price Target: $77.25
• High Stock Price Target: $80.00
• Low Stock Price Target: $73.00
• Potential Upside/Downside: +4.7%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 12 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.13
• Trailing P/E Ratio: 34.65
• Forward P/E Ratio: 17.24
• P/E Growth: 4.16
• Net Income: $364.56 million
• Net Margins: 27.78%
• Pretax Margin: 22.75%
• Return on Equity: 5.85%
• Return on Assets: 3.21%

Debt

• Debt-to-Equity Ratio: 0.65
• Current Ratio: 0.95
• Quick Ratio: 0.95

Sales & Book Value

• Annual Sales: $1.44 billion
• Price / Sales: 9.30
• Cash Flow: $3.69 per share
• Price / Cash Flow: 19.99
• Book Value: $37.74 per share
• Price / Book: 1.96

Miscellaneous

• Outstanding Shares: 181,497,000
• Free Float: 179,682,000
• Market Cap: $13.39 billion
• Optionable: Optionable
• Beta: 1.22