After Forming Multiple Bottom Pattern, Is Regency Centers Corporation (REG)’s Near-Term Analysis Negative?

June 26, 2018 - By Clifton Ray

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Investors sentiment decreased to 1.05 in Q1 2018. Its down 0.05, from 1.1 in 2017Q4. It turned negative, as 34 investors sold Regency Centers Corporation shares while 105 reduced holdings. 35 funds opened positions while 111 raised stakes. 148.58 million shares or 2.27% less from 152.03 million shares in 2017Q4 were reported.
Great West Life Assurance Comm Can reported 0.03% in Regency Centers Corporation (NYSE:REG). Citigroup Inc has 0.01% invested in Regency Centers Corporation (NYSE:REG). Parallax Volatility Advisers Limited Partnership owns 24,035 shares. 12,600 are owned by Caisse De Depot Et Placement Du Quebec. Cohen Steers holds 0.69% or 3.81 million shares. Honeywell Interest holds 60,649 shares. Riverhead Cap Management Llc reported 0.01% in Regency Centers Corporation (NYSE:REG). Asset Inc holds 0.03% or 10,492 shares. Bessemer Grp Inc has 0% invested in Regency Centers Corporation (NYSE:REG). Dekabank Deutsche Girozentrale reported 8,252 shares. Winslow Evans Crocker has 0% invested in Regency Centers Corporation (NYSE:REG). Barclays Public Ltd Llc holds 0.02% or 469,732 shares in its portfolio. Chilton Cap Limited Com owns 1.21% invested in Regency Centers Corporation (NYSE:REG) for 205,090 shares. Diligent Investors Llc has 4,229 shares for 0.15% of their portfolio. Parametric Portfolio Assocs Limited Liability Corp owns 242,671 shares for 0.01% of their portfolio.

Since January 10, 2018, it had 2 insider purchases, and 12 insider sales for $149.38 million activity. KATZMAN CHAIM also sold $3.38M worth of Regency Centers Corporation (NYSE:REG) shares. Another trade for 1,739 shares valued at $99,993 was bought by BLAIR BRYCE. $416,457 worth of Regency Centers Corporation (NYSE:REG) shares were sold by SCHWEITZER JOHN C. $10,141 worth of stock was sold by Johnston Barbara C on Thursday, May 17.

The stock of Regency Centers Corporation (REG) shows a multiple bottoms pattern with $59.45 target or 5.00 % below today’s $62.58 share price. The 8 months chart pattern indicates high risk for the $10.62B company. It was reported on Jun, 26 by Finviz.com. If the $59.45 price target is reached, the company will be worth $531.20 million less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock decreased 0.16% or $0.1 during the last trading session, reaching $62.58. About 1.13M shares traded or 6.74% up from the average. Regency Centers Corporation (NYSE:REG) has declined 7.49% since June 26, 2017 and is downtrending. It has underperformed by 20.06% the S&P500.

Analysts await Regency Centers Corporation (NYSE:REG) to report earnings on August, 2. They expect $0.93 EPS, 0.00 % or $0.00 from last year’s $0.93 per share. REG’s profit will be $157.88 million for 16.82 P/E if the $0.93 EPS becomes a reality. After $0.96 actual EPS reported by Regency Centers Corporation for the previous quarter, Wall Street now forecasts -3.12 % negative EPS growth.

Regency Centers Corporation (NYSE:REG) Ratings Coverage

Among 9 analysts covering Regency Centers (NYSE:REG), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Regency Centers had 12 analyst reports since January 12, 2018 according to SRatingsIntel. Robert W. Baird maintained the stock with “Buy” rating in Tuesday, March 20 report. Boenning & Scattergood maintained the shares of REG in report on Wednesday, May 2 with “Hold” rating. On Friday, April 13 the stock rating was maintained by Jefferies with “Hold”. The company was maintained on Monday, February 12 by Boenning & Scattergood. The firm has “Outperform” rating by Wells Fargo given on Friday, March 2. The rating was maintained by Jefferies with “Hold” on Tuesday, February 27. The firm earned “Buy” rating on Monday, January 29 by BTIG Research. The rating was maintained by RBC Capital Markets on Thursday, March 8 with “Buy”. As per Monday, March 19, the company rating was maintained by Deutsche Bank. SunTrust maintained the stock with “Buy” rating in Friday, March 2 report.

More news for Regency Centers Corporation (NYSE:REG) were recently published by: Globenewswire.com, which released: “Factors of Influence in 2018, Key Indicators and Opportunity within Regency Centers, Motorola Solutions, California …” on June 12, 2018. Seekingalpha.com‘s article titled: “High Quality Shopping Center REIT On Sale” and published on June 11, 2018 is yet another important article.

Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. The company has market cap of $10.62 billion. 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. It has a 43.52 P/E ratio.

Regency Centers Corporation (NYSE:REG) Institutional Positions Chart

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