Regency Centers Corporation (REG) Stock Report – September 22, 2024
Company Overview
Regency Centers Corporation (REG) is a leading real estate investment trust (REIT) headquartered in Jacksonville, Florida. The company excels in the ownership, operation, and development of shopping centers strategically located in suburban markets with robust demographics. Regency’s diverse portfolio includes high-performing grocers, renowned restaurants, and top-tier retail brands, allowing it to effectively engage with its surrounding communities and clientele. Founded in 1963, Regency Centers operates as a fully integrated, self-administered, and self-managed entity, holding a position in the S&P 500 Index within the Retail REIT sub-industry.
Investment Analysis
The stock analysis indicates a strong recommendation for investors, with a “buy” stance suggested within a favorable retail sector for REIT investments. Currently priced at $71.59, REG’s shares have an impressive revenue figure of approximately $1.46 billion, signaling its influential presence in the market. Analysts forecast a target high price of $80.00, along with a mean price of $75.63 and a low price of $70.00, showcasing substantial growth potential. The recommendation mean score stands at 1.9, reflecting a consensus positive sentiment among 16 analysts who support purchasing REG stock.
Market Sentiment and Performance
With a total of 181,496,992 shares outstanding, there are 2,195,448 shares sold short, representing approximately 1.65% of the company’s float. This relatively low level of short interest suggests a general investor confidence in Regency’s performance and future viability. Over the past year, shares have fluctuated between a fifty-two week high of $75.26 and a low of $56.29, indicating a past year of notable volatility. Notably, the current stock price is situated just above the fifty-day moving average of $70.01, demonstrating a positive short-term market trend. Overall, the financial metrics and market perceptions indicate that REG stock offers a promising opportunity for investors seeking growth within the retail real estate sector.
| Metric | Value |
|---|---|
| Market Cap | $13.1b |
| Total Debt | $4.6b |
| Total Cash | $90.1m |
| Shares Outstanding | 181.5m |
| Float Shares | 179.5m |
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