JPMorgan Chase & Co. Has $748.97 Million Holdings in Regency Centers Corporation $REG

JPMorgan Chase & Co. lessened its position in Regency Centers Corporation (NASDAQ:REG) by 0.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,273,869 shares of the company’s stock after selling 95,012 shares during the quarter. JPMorgan Chase & Co. owned about 5.62% of Regency Centers worth $748,968,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Park Avenue Securities LLC lifted its position in shares of Regency Centers by 5.2% during the 3rd quarter. Park Avenue Securities LLC now owns 3,040 shares of the company’s stock worth $222,000 after purchasing an additional 149 shares during the last quarter. Atria Investments Inc increased its position in Regency Centers by 3.3% in the 2nd quarter. Atria Investments Inc now owns 4,847 shares of the company’s stock worth $345,000 after buying an additional 156 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Regency Centers by 13.9% during the third quarter. Jones Financial Companies Lllp now owns 1,293 shares of the company’s stock worth $92,000 after buying an additional 158 shares during the last quarter. Cibc World Market Inc. boosted its position in shares of Regency Centers by 0.4% in the third quarter. Cibc World Market Inc. now owns 43,561 shares of the company’s stock valued at $3,176,000 after acquiring an additional 161 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Regency Centers by 12.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,437 shares of the company’s stock valued at $102,000 after acquiring an additional 162 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Regency Centers Trading Up 1.3%

Shares of REG opened at $77.19 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 1.20 and a debt-to-equity ratio of 0.68. The stock has a market cap of $14.12 billion, a PE ratio of 27.57, a PEG ratio of 2.83 and a beta of 0.94. Regency Centers Corporation has a 1 year low of $63.44 and a 1 year high of $78.18. The stock has a 50 day simple moving average of $71.04 and a 200-day simple moving average of $71.13.

Regency Centers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be issued a $0.755 dividend. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $3.02 annualized dividend and a dividend yield of 3.9%. Regency Centers’s dividend payout ratio is presently 107.86%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on REG shares. Scotiabank dropped their target price on shares of Regency Centers from $78.00 to $76.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 14th. KeyCorp restated a “sector weight” rating on shares of Regency Centers in a research report on Thursday, December 4th. UBS Group set a $76.00 price objective on shares of Regency Centers in a research report on Wednesday, January 14th. Barclays upgraded shares of Regency Centers from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $83.00 to $82.00 in a research note on Tuesday, November 18th. Finally, Citigroup boosted their price target on Regency Centers from $75.00 to $76.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $78.79.

Regency Centers Profile

Regency Centers Corporation is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of grocery-anchored shopping centers. Focused on everyday needs retail, the company’s portfolio is strategically concentrated in high-growth, densely populated markets across the United States. By aligning its properties with essential retailers, Regency Centers delivers stable income streams and drives sustained value for shareholders.

Founded in 1963 and headquartered in Jacksonville, Florida, Regency Centers began as a single shopping center developer before evolving into one of the largest owners of grocery-center real estate.