JPMorgan Chase & Co. Purchases 51,424 Shares of Regency Centers Co. (NASDAQ:REG)

JPMorgan Chase & Co. grew its position in shares of Regency Centers Co. (NASDAQ:REG - Free Report) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,141,771 shares of the company's stock after buying an additional 51,424 shares during the quarter. JPMorgan Chase & Co. owned 6.14% of Regency Centers worth $823,711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Heck Capital Advisors LLC bought a new stake in Regency Centers during the fourth quarter valued at approximately $26,000. National Pension Service purchased a new position in shares of Regency Centers during the 4th quarter worth $27,000. Catalyst Capital Advisors LLC purchased a new position in shares of Regency Centers during the 4th quarter worth $54,000. Venturi Wealth Management LLC grew its position in shares of Regency Centers by 4,400.0% during the 4th quarter. Venturi Wealth Management LLC now owns 855 shares of the company's stock valued at $63,000 after acquiring an additional 836 shares during the period. Finally, Quest Partners LLC increased its stake in shares of Regency Centers by 84.8% in the 3rd quarter. Quest Partners LLC now owns 937 shares of the company's stock worth $68,000 after purchasing an additional 430 shares in the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Regency Centers Price Performance

Shares of REG stock traded down $0.19 during mid-day trading on Tuesday, hitting $73.57. The company had a trading volume of 1,411,643 shares, compared to its average volume of 1,053,784. The company has a market capitalization of $13.35 billion, a P/E ratio of 34.70, a P/E/G ratio of 3.75 and a beta of 1.23. The stock's 50 day moving average price is $73.20 and its 200-day moving average price is $72.94. Regency Centers Co. has a 52-week low of $56.51 and a 52-week high of $78.18. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95.

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Regency Centers (NASDAQ:REG - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.61. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. Equities research analysts forecast that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be given a $0.705 dividend. This represents a $2.82 annualized dividend and a yield of 3.83%. The ex-dividend date is Wednesday, March 12th. Regency Centers's dividend payout ratio is presently 133.02%.

Analysts Set New Price Targets

REG has been the subject of several recent research reports. Mizuho boosted their price target on Regency Centers from $78.00 to $80.00 and gave the company an "outperform" rating in a report on Wednesday, January 8th. 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 note on Tuesday, December 24th. Finally, Wells Fargo & Company decreased their target price on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Three 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $78.00.

Insider Activity at Regency Centers

In other Regency Centers news, CFO Michael J. Mas sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $73.60, for a total transaction of $1,472,000.00. Following the sale, the chief financial officer now directly owns 54,020 shares of the company's stock, valued at $3,975,872. The trade was a 27.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $73.48, for a total value of $3,674,000.00. Following the completion of the sale, the chairman now directly owns 110,263 shares of the company's stock, valued at $8,102,125.24. The trade was a 31.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 95,000 shares of company stock valued at $6,977,500 over the last 90 days. 1.00% of the stock is owned by corporate insiders.

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.