Regency Centers Corporation (REG) : The money flow analysis of Regency Centers Corporation (REG) indicates a $4.31 million of outflow was on downticks, whereas, the investors on Wednesday gobbled up stocks worth $7.47 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.73 and so was the total money flow at $3.16 million. The bulls lapped up $2.64 million worth of block trades on upticks. The money flow was $2.64 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Regency Centers Corporation (REG), pushing it down by -0.07% for the day. The stock slid $0.06 and traded at $81.9 during the day. Nonetheless, the stock is 0.52% over the previous weeks close.
Also, Jefferies initiates coverage on Regency Centers Corporation (NYSE:REG). The rating major has initiated the coverage with hold rating on the shares. The rating by the firm was issued on June 30, 2016.
Regency Centers Corporation (NYSE:REG): The stock opened at $81.97 on Wednesday but the bulls could not build on the opening and the stock topped out at $82.00 for the day. The stock traded down to $81.58 during the day, due to lack of any buying support eventually closed down at $81.90 with a loss of -0.07% for the day. The stock had closed at $81.96 on the previous day. The total traded volume was 397,977 shares.
The stock has recorded a 20-day Moving Average of 0% and the 50-Day Moving Average is 3.11%. In a related news, The Securities and Exchange Commission has divulged that Chandler, Iii Dan M., officer (Executive VP of Development) of Regency Centers Corp, had unloaded 2,000 shares at an average price of $79.55 in a transaction dated on June 13, 2016. The total value of the transaction was worth $159,100.
Regency Centers Corporation is a real estate investment trust (REIT) and the general partner of the Regency Centers, L.P. (operating partnership). The Companys operating, investing and financing activities are performed through the Operating Partnership, its wholly owned subsidiaries and through its co-investment partnerships. The Companys properties consist primarily of grocery-anchored shopping centers. As of December 31, 2014, the Company directly owned 202 Consolidated Properties located in 21 states representing 23.2 million square feet of gross leasable area (GLA). Through co-investment partnerships, it owns partial ownership interests in 120 Unconsolidated Properties located in 23 states and the District of Columbia representing 15.0 million square feet of GLA. The shopping centers tenant base includes national and regional supermarkets, drug stores, discount department stores and other retailers.