JPMorgan Chase & Co. Upgrades Regency Centers (NASDAQ:REG) to Overweight

Regency Centers (NASDAQ:REG) was upgraded by stock analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research report issued on Thursday, Benzinga reports. The firm currently has a $83.00 target price on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 14.30% from the company’s current price.

Several other research firms have also issued reports on REG. Jefferies Financial Group upgraded shares of Regency Centers to a “strong-buy” rating in a report on Friday, June 26th. Wells Fargo & Company reduced their price objective on shares of Regency Centers from $90.00 to $88.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft cut shares of Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 price objective for the company. in a research report on Friday, May 29th. Griffin Securities set a $81.00 target price on shares of Regency Centers in a report on Monday. Finally, UBS Group upped their price target on shares of Regency Centers from $81.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $83.95.

Regency Centers Trading Down 0.2%

Shares of NASDAQ REG traded down $0.11 during trading on Thursday, reaching $72.62. The company had a trading volume of 184,820 shares, compared to its average volume of 1,394,581. The stock has a market cap of $13.30 billion, a P/E ratio of 24.63, a PEG ratio of 4.37 and a beta of 0.79. The company’s fifty day moving average price is $77.15 and its 200-day moving average price is $77.85. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.71. Regency Centers has a 12 month low of $66.86 and a 12 month high of $83.66.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.62. The company had revenue of $413.51 million during the quarter, compared to the consensus estimate of $411.07 million. Regency Centers had a return on equity of 8.04% and a net margin of 34.38%.During the same period last year, the company earned $1.16 earnings per share. Regency Centers has set its FY 2026 guidance at 4.840-4.880 EPS. As a group, research analysts expect that Regency Centers will post 4.86 earnings per share for the current year.

Institutional Trading of Regency Centers

A number of hedge funds have recently bought and sold shares of REG. QRG Capital Management Inc. increased its position in shares of Regency Centers by 12.3% during the 2nd quarter. QRG Capital Management Inc. now owns 32,472 shares of the company’s stock valued at $2,589,000 after purchasing an additional 3,555 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Regency Centers by 14.1% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,460 shares of the company’s stock worth $276,000 after buying an additional 427 shares during the last quarter. National Pension Service boosted its holdings in shares of Regency Centers by 60.9% in the 2nd quarter. National Pension Service now owns 18,016 shares of the company’s stock worth $1,437,000 after buying an additional 6,821 shares during the last quarter. WINTON GROUP Ltd bought a new position in Regency Centers during the second quarter valued at about $901,000. Finally, Engineers Gate Manager LP increased its holdings in Regency Centers by 1,368.4% during the second quarter. Engineers Gate Manager LP now owns 56,594 shares of the company’s stock worth $4,513,000 after buying an additional 52,740 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors.

Regency Centers Company Profile

Regency Centers Corporation (NASDAQ: REG) is a self-administered and self-managed real estate investment trust that owns, operates, develops and redevelops retail properties in the United States. The company primarily focuses on high-quality, grocery-anchored shopping centers designed to serve the daily needs of surrounding communities.

Regency’s properties typically include supermarkets, restaurants, specialty retailers, service providers and other complementary tenants. Its activities include leasing and managing shopping centers, pursuing redevelopment opportunities and developing new retail properties in established, attractive trade areas.

Headquartered in Jacksonville, Florida, Regency Centers traces its roots to 1963 and serves communities across major metropolitan areas in the United States.