JPMorgan Chase & Co. Boosts Regency Centers (NASDAQ:REG) Price Target to $80.00

Regency Centers (NASDAQ:REG - Get Free Report) had its target price hoisted by equities researchers at JPMorgan Chase & Co. from $77.00 to $80.00 in a report issued on Monday, Benzinga reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price points to a potential upside of 10.68% from the stock's previous close.

Other equities research analysts also recently issued research reports about the stock. Evercore ISI raised shares of Regency Centers from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 29th. KeyCorp assumed coverage on Regency Centers in a report on Friday, October 25th. They issued an "overweight" rating and a $80.00 price target on the stock. Scotiabank upped their price objective on Regency Centers from $65.00 to $75.00 and gave the stock a "sector perform" rating in a research note on Monday, August 26th. Wells Fargo & Company raised their target price on Regency Centers from $69.00 to $79.00 and gave the company an "overweight" rating in a research note on Wednesday, August 28th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Regency Centers from a "buy" rating to a "hold" rating and upped their price target for the stock from $70.00 to $75.00 in a research report on Thursday, September 26th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $76.92.

Regency Centers Stock Up 1.2 %

Shares of REG traded up $0.86 during midday trading on Monday, reaching $72.28. 1,108,035 shares of the company were exchanged, compared to its average volume of 1,091,972. The company has a current ratio of 0.95, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65. Regency Centers has a 1-year low of $56.51 and a 1-year high of $75.26. The company has a market cap of $13.12 billion, a price-to-earnings ratio of 33.93, a P/E/G ratio of 4.45 and a beta of 1.21. The stock has a 50-day moving average price of $72.16 and a 200-day moving average price of $66.37.

Regency Centers (NASDAQ:REG - Get Free Report) last released its quarterly earnings results on Monday, October 28th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.50). The firm had revenue of $360.27 million for the quarter, compared to analysts' expectations of $355.17 million. Regency Centers had a return on equity of 5.85% and a net margin of 27.78%. During the same period last year, the firm earned $1.02 EPS. Research analysts expect that Regency Centers will post 4.24 earnings per share for the current year.

Insider Transactions at Regency Centers

In other Regency Centers news, VP Michael R. Herman sold 1,000 shares of the business's stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $69.57, for a total transaction of $69,570.00. Following the transaction, the vice president now owns 13,010 shares of the company's stock, valued at $905,105.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Regency Centers

A number of institutional investors have recently modified their holdings of the business. Fidelis Capital Partners LLC bought a new position in shares of Regency Centers during the first quarter worth about $27,000. Quest Partners LLC raised its holdings in Regency Centers by 25,250.0% during the 2nd quarter. Quest Partners LLC now owns 507 shares of the company's stock worth $32,000 after purchasing an additional 505 shares during the last quarter. Family Firm Inc. acquired a new position in shares of Regency Centers in the 2nd quarter worth approximately $44,000. Blue Trust Inc. lifted its position in shares of 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 during the period. Finally, EntryPoint Capital LLC bought a new stake in shares of Regency Centers in the 1st quarter valued at $52,000. Institutional investors and hedge funds own 96.07% of the company's stock.

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.