Regency Centers (NASDAQ:REG) Receives Neutral Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their neutral rating on shares of Regency Centers (NASDAQ:REG) in a research report released on Thursday morning, MarketBeat.com reports. The brokerage currently has a $76.00 target price on the stock, down from their prior target price of $81.00.

REG has been the topic of a number of other research reports. Argus raised Regency Centers to a “strong-buy” rating in a research report on Wednesday, November 5th. Barclays upgraded shares of Regency Centers from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $83.00 to $82.00 in a report on Tuesday, November 18th. Evercore ISI increased their price objective on shares of Regency Centers from $76.00 to $77.00 and gave the stock an “in-line” rating in a research note on Monday, September 15th. Wells Fargo & Company raised their price target on Regency Centers from $81.00 to $82.00 and gave the company an “overweight” rating in a research note on Tuesday, October 21st. Finally, UBS Group cut Regency Centers from a “hold” rating to a “sell” rating in a research note on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $78.40.

Regency Centers Trading Down 0.5%

REG opened at $67.71 on Thursday. Regency Centers has a 1-year low of $63.44 and a 1-year high of $78.18. The stock has a market capitalization of $12.38 billion, a PE ratio of 31.20, a PEG ratio of 2.64 and a beta of 0.93. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.72. The firm has a 50-day moving average price of $70.08 and a two-hundred day moving average price of $70.89.

Regency Centers (NASDAQ:REG) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $1.15 EPS for the quarter, meeting analysts’ consensus estimates of $1.15. Regency Centers had a return on equity of 6.14% and a net margin of 27.04%.The firm had revenue of $387.57 million for the quarter, compared to analyst estimates of $374.83 million. During the same period last year, the company earned $1.07 EPS. Regency Centers has set its FY 2025 guidance at 4.620-4.640 EPS. As a group, equities analysts anticipate that Regency Centers will post 4.54 earnings per share for the current fiscal year.

Regency Centers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th will be paid a $0.755 dividend. The ex-dividend date is Monday, December 15th. This represents a $3.02 annualized dividend and a yield of 4.5%. This is an increase from Regency Centers’s previous quarterly dividend of $0.71. Regency Centers’s dividend payout ratio is 139.17%.

Insider Transactions at Regency Centers

In related news, Chairman Martin E. Stein, Jr. sold 15,000 shares of the business’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $70.02, for a total transaction of $1,050,300.00. Following the completion of the transaction, the chairman directly owned 272,958 shares in the company, valued at $19,112,519.16. The trade was a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Institutional Trading of Regency Centers

A number of hedge funds have recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Regency Centers in the 2nd quarter worth approximately $1,219,335,000. Massachusetts Financial Services Co. MA bought a new position in Regency Centers in the 3rd quarter worth about $107,144,000. Wellington Management Group LLP increased its position in shares of Regency Centers by 2,846.0% during the first quarter. Wellington Management Group LLP now owns 1,256,228 shares of the company’s stock valued at $92,659,000 after acquiring an additional 1,213,586 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC increased its holdings in shares of Regency Centers by 63.5% in the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,521,633 shares of the company’s stock worth $185,996,000 after purchasing an additional 979,126 shares in the last quarter. Finally, Amundi raised its position in Regency Centers by 91.4% in the 2nd quarter. Amundi now owns 1,530,276 shares of the company’s stock worth $108,344,000 after buying an additional 730,730 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

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.