JPMorgan Chase & Co. Issues Positive Forecast for Regency Centers (NASDAQ:REG) Stock Price

Regency Centers (NASDAQ:REG) had its price objective raised by JPMorgan Chase & Co. from $77.00 to $80.00 in a research report released on Monday, Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other equities research analysts also recently issued research reports about the company. KeyCorp started coverage on Regency Centers in a research report on Friday, October 25th. They issued an “overweight” rating and a $80.00 price objective on the stock. Wells Fargo & Company lifted their price target on Regency Centers from $69.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Deutsche Bank Aktiengesellschaft cut shares of Regency Centers from a “buy” rating to a “hold” rating and upped their price objective for the stock from $70.00 to $75.00 in a research report on Thursday, September 26th. Compass Point raised their target price on shares of Regency Centers from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Finally, Raymond James boosted their price target on shares of Regency Centers from $67.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $76.92.

Regency Centers Price Performance

REG stock traded down $0.25 during mid-day trading on Monday, reaching $72.03. 25,876 shares of the company traded hands, compared to its average volume of 1,086,990. The company has a fifty day moving average price of $72.16 and a 200-day moving average price of $66.37. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.95 and a quick ratio of 0.93. Regency Centers has a 52-week low of $56.51 and a 52-week high of $75.26. The company has a market capitalization of $13.07 billion, a P/E ratio of 33.93, a P/E/G ratio of 4.44 and a beta of 1.21.

Regency Centers (NASDAQ:REG) last issued 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 firm had revenue of $360.27 million for the quarter, compared to analysts’ expectations of $355.17 million. During the same period in the prior year, the firm posted $1.02 EPS. As a group, analysts anticipate that Regency Centers will post 4.24 earnings per share for the current year.

Insiders Place Their Bets

In related news, VP Michael R. Herman sold 1,000 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $69.57, for a total transaction of $69,570.00. Following the completion of the sale, the vice president now directly owns 13,010 shares in the company, valued at $905,105.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Regency Centers

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in REG. Fidelis Capital Partners LLC purchased a new stake in Regency Centers in the 1st quarter worth approximately $27,000. Quest Partners LLC boosted its holdings in 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 acquiring an additional 505 shares in the last quarter. Family Firm Inc. purchased a new position in Regency Centers during the 2nd quarter valued at $44,000. Blue Trust Inc. raised its holdings in Regency Centers by 582.1% in the 2nd quarter. Blue Trust Inc. now owns 839 shares of the company’s stock worth $51,000 after purchasing an additional 716 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in shares of Regency Centers in the 1st quarter worth about $52,000. 96.07% of the stock is currently owned by institutional investors.

Regency Centers Company 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.