JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Regency Centers (NASDAQ:REG) Stock

Regency Centers (NASDAQ:REG) had its price objective upped by JPMorgan Chase & Co. from $77.00 to $80.00 in a report issued on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 9.35% from the stock’s current price.

REG has been the subject of several other reports. Deutsche Bank Aktiengesellschaft cut 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. Truist Financial boosted their price objective on Regency Centers from $70.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Evercore ISI upgraded shares of Regency Centers from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Mizuho increased their price target on shares of Regency Centers from $67.00 to $73.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Finally, Scotiabank upped their price objective on Regency Centers from $65.00 to $75.00 and gave the company a “sector perform” rating in a research note on Monday, August 26th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Regency Centers has an average rating of “Buy” and a consensus target price of $76.92.

Regency Centers Trading Up 1.2 %

Shares of REG stock opened at $73.16 on Monday. The company has a 50-day moving average of $72.16 and a two-hundred day moving average of $66.37. The firm has a market cap of $13.28 billion, a PE ratio of 34.35, a price-to-earnings-growth ratio of 4.44 and a beta of 1.21. Regency Centers has a 1-year low of $56.51 and a 1-year high of $75.26. 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 (NASDAQ:REG) last posted 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). The business had revenue of $360.27 million during the quarter, compared to analysts’ expectations of $355.17 million. Regency Centers had a net margin of 27.78% and a return on equity of 5.85%. During the same period in the previous year, the business posted $1.02 EPS. On average, analysts predict that Regency Centers will post 4.24 EPS for the current year.

Insider Activity at Regency Centers

In other news, VP Michael R. Herman sold 1,000 shares of Regency Centers stock in a transaction dated Friday, August 16th. The shares were 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Regency Centers

Large investors have recently added to or reduced their stakes in the business. Fidelis Capital Partners LLC purchased a new stake in Regency Centers during the first quarter valued at about $27,000. Quest Partners LLC increased its stake 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 worth $32,000 after buying an additional 505 shares during the last quarter. Family Firm Inc. acquired a new stake in Regency Centers in the second quarter valued at $44,000. Blue Trust Inc. boosted its stake in Regency Centers by 582.1% during the 2nd quarter. Blue Trust Inc. now owns 839 shares of the company’s stock valued at $51,000 after acquiring an additional 716 shares during the last quarter. Finally, EntryPoint Capital LLC acquired a new position in Regency Centers in the first quarter worth about $52,000. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

About Regency Centers

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.