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: $72.96 to $74.28
• 50-Day Range: $63.22 to $75.18
• 52-Week Range: $56.29 to $75.26
• Volume: 1.50 million shs
• Average Volume: 1.12 million shs
• Market Capitalization: $13.31 billion
• P/E Ratio: 35.79
• Dividend Yield: 3.65%
• Price Target: $75.55
• Consensus Rating: Moderate Buy

Regency Centers Stock Analysis - MarketRank™

Regency Centers scored higher than 91% of companies evaluated by MarketBeat, and ranked 155th out of 945 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: Moderate Buy

Consensus Rating

Regency Centers has received a consensus rating of Moderate Buy. The company's average rating score is 2.90, and is based on 9 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Regency Centers has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 3.78%

Earnings Growth

Earnings for Regency Centers are expected to grow by 3.78% in the coming year, from $4.23 to $4.39 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Regency Centers is 35.79, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.09.

Price to Earnings Ratio vs. Sector

The P/E ratio of Regency Centers is 35.79, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 48.07.

Price to Earnings Growth Ratio

Regency Centers has a PEG Ratio of 4.63. 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 1.94. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.21% 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 2.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Regency Centers has recently decreased by 3.08%, indicating that investor sentiment is improving.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Regency Centers is a leading dividend payer. It pays a dividend yield of 3.60%, 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 130.73%. 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 61.05% 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

1.21% 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 2.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Regency Centers has recently decreased by 3.08%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 0.48

News Sentiment

Regency Centers has a news sentiment score of 0.48. 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 lower news sentiment than the 0.69 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for Regency Centers this week, compared to 8 articles on an average week.

Search Interest

2 people have searched for REG on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

8 people have added Regency Centers to their MarketBeat watchlist in the last 30 days. This is an increase of 14% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Regency Centers insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,819,570.00 in 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 at the start of the year. Since then, REG shares have increased by 9.5% and is now trading at $73.36.
View the best growth stocks for 2024 here.

How were Regency Centers' earnings last quarter?

Regency Centers Co. (NASDAQ:REG) announced its earnings results on Thursday, August, 1st. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.02 by $0.48. The business had revenue of $357.25 million for the quarter, compared to the consensus estimate of $361.56 million. Regency Centers had a net margin of 27.60% and a trailing twelve-month return on equity of 5.63%.
Read the conference call transcript.

How will Regency Centers' stock buyback program work?

Regency Centers' board approved a stock repurchase plan on Thursday, February 9th 2023, which authorizes the company to repurchase $250,000,000 in outstanding 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 an indication that the company's management believes its shares are undervalued.

Who are Regency Centers' major shareholders?

Regency Centers' top institutional shareholders include Principal Financial Group Inc. (4.83%), Dimensional Fund Advisors LP (1.43%), American Century Companies Inc. (1.21%) and PGGM Investments (0.90%). Insiders that own company stock include Martin E Stein Jr, Lisa Palmer, Nicholas Andrew Wibbenmeyer, Michael R Herman and Thomas G Wattles.
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.

Company Calendar

• Ex-Dividend for 7/3 Dividend: 6/12/2024
• Dividend Payable: 7/03/2024
• Last Earnings: 8/01/2024
• Ex-Dividend for 10/3 Dividend: 9/12/2024
• Today: 9/18/2024
• Dividend Payable: 10/03/2024
• Next Earnings (Estimated): 11/07/2024
• Fiscal Year End: 12/31/2024

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: $75.55
• High Stock Price Target: $80.00
• Low Stock Price Target: $70.00
• Potential Upside/Downside: +3.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.90
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.05
• Trailing P/E Ratio: 35.79
• Forward P/E Ratio: 17.34
• P/E Growth: 4.63
• Net Income: $364.56 million
• Net Margins: 27.60%
• Pretax Margin: 23.28%
• Return on Equity: 5.63%
• Return on Assets: 3.13%

Debt

• Debt-to-Equity Ratio: 0.65
• Current Ratio: 0.93
• Quick Ratio: 0.93

Sales & Book Value

• Annual Sales: $1.32 billion
• Price / Sales: 10.07
• Cash Flow: $3.72 per share
• Price / Cash Flow: 19.72
• Book Value: $37.74 per share
• Price / Book: 1.94

Miscellaneous

• Outstanding Shares: 181,500,000
• Free Float: 182,931,000
• Market Cap: $13.31 billion
• Optionable: Optionable
• Beta: 1.21