Technical Speculator.com’s Trade-of-the-Week: Regency Centers Corp. (REG)

By Tech_Spec
8-April-2019 11:32:57 AM
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This week’s trade comes from the real estate sector, retail REIT industry of NASDAQ.  This trade is more technically oriented versus fundamentally based.  What attracted us was the breakout of the long 25-month base.  We suspect the fundamentals will catch-up to the technicals in a few months.

Company profile: Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. 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.

Fundamentals:

Trailing P/E: 47.16, Forward P/E: 42.51

EPS: 1.46, PEG: 4.92

P/S: 9.96, P/B: 1.80

ROA: 2.38%, ROE: 3.83%

Profit margin: 21.47%, Operating margin: 36.32%

Qrtly earnings growth: -7.30%, Current ratio: 1.58

Additional fundamental data: https://finance.yahoo.com/quote/REG/key-statistics?p=REG

 

Technicals:

Recently broke out of a 25-month consolidation

New 52-week high

Buying momentum (RSI) is positive and rising, Buying volume is neutral

1st support level is at $67.50, The safety stop is at $64.75

 

The target is $78.75

Suggested buying approach: Buy REG at the current price level.  If the REIT pulls back, as long as the price level is above the stop, wait for confirmation of support and then add to the position.  Always use a 3% trailing stop.

For more trading ideas and up to date market research,  go to www.technicalspeculator.com.  Sign up for a FREE account. 

 

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Author: Tech_Spec

Canada’s only Master of Financial Technical Analysis (MFTA). This 4 – 5 year program offered by the International Federation of Technical Analysts (IFTA) in England is regarded as the global standard. • Instructor of Technical Analysis for the Canadian Securities Institute (CSI). My role is teaching market analysis to industry professionals. • Financial Technical Analyst offering 25 years experience in the financial and investment service industry. • Editor and owner of the Technicalspeculator.com, an on-line independent financial market research and newsletter website. • Registered Securities Advisor

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