Let’s look at the key reasons that are pushing Regency Centers Corporation (REG) to new highs

A new trading day began on Tuesday, with Regency Centers Corporation (NASDAQ: REG) stock price down -1.62% from the previous day of trading, before settling in for the closing price of $57.92. REG’s price has ranged from $54.72 to $68.47 over the past 52 weeks.

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Real Estate Sector giant saw their annual sales surged by 4.19% over the last five years. Meanwhile, its annual earnings per share averaged -4.13%. With a float of $183.32 million, this company’s outstanding shares have now reached $184.13 million.

The firm has a total of 497 workers. Let’s measure their productivity.

Regency Centers Corporation (REG) Breakdown of a Key Holders of the stock

As we move forward, let’s examine how large-scale investors are investing in this stock of the REIT – Retail Industry. The insider ownership of Regency Centers Corporation is 0.79%, while institutional ownership is 97.63%. The most recent insider transaction that took place on Feb 21 ’24, was worth 1,549,307. In this transaction President and CEO of this company sold 25,306 shares at a rate of $61.22, taking the stock ownership to the 130,001 shares. Before that another transaction happened on Dec 14 ’23, when Company’s Executive Chairman sold 25,000 for $68.00, making the entire transaction worth $1,700,000. This insider now owns 311,899 shares in total.

Regency Centers Corporation (REG) Recent Fiscal highlights

Wall Street market experts anticipate that the next fiscal year will bring earnings of 5.91 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -4.13% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -5.59% during the next five years compared to 6.83% growth over the previous five years of trading.

Regency Centers Corporation (NASDAQ: REG) Trading Performance Indicators

Here are Regency Centers Corporation’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.96. Likewise, its price to free cash flow for the trailing twelve months is 20.03.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.04, a number that is poised to hit 0.47 in the next quarter and is forecasted to reach 2.15 in one year’s time.

Technical Analysis of Regency Centers Corporation (REG)

Analysing the last 5-days average volume posted by the [Regency Centers Corporation, REG], we can find that recorded value of 1.69 million was better than the volume posted last year of 1.27 million. As of the previous 9 days, the stock’s Stochastic %D was 18.91%. Additionally, its Average True Range was 1.10.

During the past 100 days, Regency Centers Corporation’s (REG) raw stochastic average was set at 3.93%, which indicates a significant decrease from 10.96% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.09% in the past 14 days, which was higher than the 19.13% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $60.33, while its 200-day Moving Average is $62.10. Now, the first resistance to watch is $57.63. This is followed by the second major resistance level at $58.29. The third major resistance level sits at $58.85. If the price goes on to break the first support level at $56.42, it is likely to go to the next support level at $55.86. Now, if the price goes above the second support level, the third support stands at $55.20.

Regency Centers Corporation (NASDAQ: REG) Key Stats

With a market capitalization of 10.53 billion, the company has a total of 184,774K Shares Outstanding. Currently, annual sales are 1,322 M while annual income is 364,560 K. The company’s previous quarter sales were 359,600 K while its latest quarter income was 89,770 K.