Regency Centers Co. (NASDAQ:REG) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its position in Regency Centers Co. (NASDAQ:REG) by 4.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,090,347 shares of the company’s stock after acquiring an additional 435,932 shares during the period. JPMorgan Chase & Co. owned 6.11% of Regency Centers worth $801,056,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in REG. Quest Partners LLC increased its holdings in shares of Regency Centers by 25,250.0% in the second quarter. Quest Partners LLC now owns 507 shares of the company’s stock valued at $32,000 after purchasing an additional 505 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Regency Centers by 300.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 800 shares of the company’s stock worth $58,000 after acquiring an additional 600 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of Regency Centers by 126.5% during the 2nd quarter. Federated Hermes Inc. now owns 1,008 shares of the company’s stock worth $63,000 after acquiring an additional 563 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Regency Centers during the 2nd quarter valued at about $92,000. Finally, Brooklyn Investment Group purchased a new stake in shares of Regency Centers in the third quarter valued at about $96,000. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Regency Centers Price Performance

Regency Centers stock opened at $73.95 on Friday. The stock has a market capitalization of $13.42 billion, a PE ratio of 34.72, a price-to-earnings-growth ratio of 4.16 and a beta of 1.22. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.95 and a quick ratio of 0.95. Regency Centers Co. has a 12 month low of $56.51 and a 12 month high of $76.53. The business has a 50 day simple moving average of $73.78 and a 200-day simple moving average of $70.21.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.50). Regency Centers had a net margin of 27.78% and a return on equity of 5.85%. The company had revenue of $360.27 million during the quarter, compared to analyst estimates of $355.17 million. During the same quarter last year, the business earned $1.02 EPS. Equities analysts predict that Regency Centers Co. will post 4.28 earnings per share for the current year.

Regency Centers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 16th will be given a $0.705 dividend. The ex-dividend date is Monday, December 16th. This is a positive change from Regency Centers’s previous quarterly dividend of $0.67. This represents a $2.82 annualized dividend and a dividend yield of 3.81%. Regency Centers’s dividend payout ratio is currently 132.39%.

Analyst Upgrades and Downgrades

REG has been the subject of a number of recent analyst reports. Evercore ISI cut their price objective on Regency Centers from $78.00 to $77.00 and set an “in-line” rating for the company in a research report on Tuesday. KeyCorp started coverage on Regency Centers in a research note on Friday, October 25th. They set an “overweight” rating and a $80.00 target price for the company. Compass Point boosted their target price on shares of Regency Centers from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. JPMorgan Chase & Co. raised their price target on Regency Centers from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Finally, Robert W. Baird raised their target price on Regency Centers from $71.00 to $78.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Regency Centers presently has an average rating of “Moderate Buy” and an average price target of $77.42.

Regency Centers Profile

Regency Centers is a preeminent national owner, operator, and developer of shopping centers located in suburban trade areas with compelling demographics. 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.