JPMorgan Chase & Co. Has $324,352,000 Position in Regency Centers Corp. (REG)
JPMorgan Chase & Co. cut its position in shares of Regency Centers Corp. (NYSE:REG) by 18.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,185,724 shares of the real estate investment trust’s stock after selling 952,022 shares during the period. JPMorgan Chase & Co.’s holdings in Regency Centers Corp. were worth $324,352,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently modified their holdings of REG. IBM Retirement Fund raised its stake in Regency Centers Corp. by 2.9% in the second quarter. IBM Retirement Fund now owns 9,729 shares of the real estate investment trust’s stock valued at $815,000 after buying an additional 274 shares during the period. 1st Global Advisors Inc. raised its stake in Regency Centers Corp. by 2.1% in the second quarter. 1st Global Advisors Inc. now owns 3,693 shares of the real estate investment trust’s stock valued at $309,000 after buying an additional 77 shares during the period. Fox Run Management L.L.C. bought a new stake in Regency Centers Corp. during the second quarter valued at about $368,000. Capstone Asset Management Co. raised its stake in Regency Centers Corp. by 19.4% in the second quarter. Capstone Asset Management Co. now owns 9,175 shares of the real estate investment trust’s stock valued at $768,000 after buying an additional 1,490 shares during the period. Finally, NN Investment Partners Holdings N.V. raised its stake in Regency Centers Corp. by 10.6% in the second quarter. NN Investment Partners Holdings N.V. now owns 935,365 shares of the real estate investment trust’s stock valued at $78,318,000 after buying an additional 90,000 shares during the period. 98.83% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Regency Centers Corp. (NYSE:REG) opened at 66.69 on Tuesday. Regency Centers Corp. has a 1-year low of $64.33 and a 1-year high of $85.35. The company’s 50-day moving average price is $70.51 and its 200 day moving average price is $77.37. The firm has a market cap of $6.95 billion, a PE ratio of 62.56 and a beta of 0.69.
Regency Centers Corp. (NYSE:REG) last posted its earnings results on Tuesday, November 1st. The real estate investment trust reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.01. Regency Centers Corp. had a return on equity of 6.61% and a net margin of 20.55%. During the same quarter in the previous year, the business earned $0.76 earnings per share. On average, analysts predict that Regency Centers Corp. will post $3.26 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Wednesday, November 16th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.00%. The ex-dividend date is Monday, November 14th. Regency Centers Corp.’s payout ratio is 186.92%.
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Several analysts have recently issued reports on REG shares. Evercore ISI raised Regency Centers Corp. from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a report on Thursday, November 3rd. Jefferies Group set a $83.00 target price on Regency Centers Corp. and gave the stock a “hold” rating in a report on Wednesday, August 3rd. TheStreet lowered Regency Centers Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, November 16th. Argus reissued a “hold” rating on shares of Regency Centers Corp. in a report on Saturday, September 3rd. Finally, Deutsche Bank AG increased their target price on Regency Centers Corp. from $69.00 to $77.00 and gave the stock a “hold” rating in a report on Wednesday, August 17th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, one has given a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $80.50.
About Regency Centers Corp.
Regency Centers Corporation is a real estate investment trust (REIT) and the general partner of the Regency Centers, L.P. (Operating Partnership). The Company’s operating, investing and financing activities are performed through the Operating Partnership, its subsidiaries and through its co-investment partnerships.
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