JPMorgan Chase & Co. Buys 435,932 Shares of Regency Centers Co. (NASDAQ:REG)

JPMorgan Chase & Co. increased its stake in Regency Centers Co. (NASDAQ:REG - Free Report) by 4.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,090,347 shares of the company's stock after acquiring an additional 435,932 shares during the quarter. JPMorgan Chase & Co. owned about 6.11% of Regency Centers worth $801,056,000 at the end of the most recent reporting period.

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

Regency Centers Stock Down 0.9 %

NASDAQ REG traded down $0.66 on Friday, reaching $73.95. The company had a trading volume of 808,480 shares, compared to its average volume of 1,106,880. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.65. The company's fifty day moving average is $73.78 and its 200 day moving average is $70.27. Regency Centers Co. has a 52-week low of $56.51 and a 52-week high of $76.53. The stock has a market capitalization of $13.42 billion, a P/E ratio of 34.72, a P/E/G ratio of 4.16 and a beta of 1.22.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its earnings results 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 during the quarter, compared to analysts' expectations of $355.17 million. During the same quarter in the prior year, the company earned $1.02 EPS. Sell-side analysts anticipate that Regency Centers Co. will post 4.28 earnings per share for the current fiscal year.

Regency Centers Increases Dividend

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

Wall Street Analysts Forecast Growth

REG has been the subject of several research analyst reports. KeyCorp initiated coverage on shares of Regency Centers in a research note on Friday, October 25th. They issued an "overweight" rating and a $80.00 price objective for the company. Compass Point upped their price objective on shares of Regency Centers from $75.00 to $80.00 and gave the company a "buy" rating in a report on Tuesday, September 10th. BTIG Research raised their target price on Regency Centers from $72.00 to $79.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Evercore ISI decreased their target price on Regency Centers from $78.00 to $77.00 and set an "in-line" rating for the company in a research report on Tuesday. Finally, Robert W. Baird increased their price target on Regency Centers from $71.00 to $78.00 and gave the stock an "outperform" rating in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price 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.