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

Regency Centers (NASDAQ:REG) had its price target increased by JPMorgan Chase & Co. from $77.00 to $80.00 in a report published on Monday, Benzinga reports. The firm currently has an overweight rating on the stock.

Other analysts also recently issued research reports about the stock. Robert W. Baird increased their target price on shares of Regency Centers from $71.00 to $78.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Truist Financial boosted their price target on Regency Centers from $70.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, August 16th. KeyCorp began 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. Deutsche Bank Aktiengesellschaft cut shares of Regency Centers from a “buy” rating to a “hold” rating and raised their price target for the stock from $70.00 to $75.00 in a report on Thursday, September 26th. Finally, Raymond James upped their price objective on shares of Regency Centers from $67.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $76.92.

Regency Centers Trading Down 0.3 %

Shares of REG stock traded down $0.25 during mid-day trading on Monday, reaching $72.03. 25,876 shares of the stock traded hands, compared to its average volume of 1,086,990. The company has a market cap of $13.07 billion, a price-to-earnings ratio of 33.93, a price-to-earnings-growth ratio of 4.44 and a beta of 1.21. The company has a quick ratio of 0.93, a current ratio of 0.95 and a debt-to-equity ratio of 0.65. The stock’s fifty day simple moving average is $72.16 and its two-hundred day simple moving average is $66.37. Regency Centers has a 1-year low of $56.51 and a 1-year high of $75.26.

Regency Centers (NASDAQ:REG) last posted its earnings results on Monday, October 28th. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.50). The business had revenue of $360.27 million for the quarter, compared to the consensus estimate 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 in the previous year, the firm earned $1.02 earnings per share. On average, research analysts anticipate that Regency Centers will post 4.24 EPS for the current fiscal year.

Insider Buying and Selling

In related news, VP Michael R. Herman sold 1,000 shares of the firm’s 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 transaction, the vice president now directly owns 13,010 shares of the company’s stock, valued at $905,105.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in Regency Centers by 25.2% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 68,631 shares of the company’s stock valued at $4,957,000 after acquiring an additional 13,812 shares during the last quarter. Entropy Technologies LP purchased a new position in Regency Centers in the third quarter valued at approximately $591,000. Versor Investments LP bought a new position in Regency Centers during the third quarter valued at $523,000. Crossmark Global Holdings Inc. increased its position in Regency Centers by 7.9% in the third quarter. Crossmark Global Holdings Inc. now owns 9,486 shares of the company’s stock worth $685,000 after buying an additional 696 shares during the last quarter. Finally, Harvest Portfolios Group Inc. raised its stake in shares of Regency Centers by 123.1% in the third quarter. Harvest Portfolios Group Inc. now owns 24,328 shares of the company’s stock valued at $1,757,000 after buying an additional 13,424 shares during the period. Hedge funds and other institutional investors 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.