Regency Centers (NASDAQ:REG) Upgraded by JPMorgan Chase & Co. to "Overweight" Rating

Key Points

• JPMorgan upgraded Regency Centers to “Overweight” from “Neutral” and set an $83 price target, implying approximately 14.3% upside from the reported $72.62 share price.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and an average price target of $83.95, despite some firms maintaining “Hold” ratings.
• Regency Centers exceeded quarterly earnings expectations, reporting $1.21 in EPS versus a $0.59 consensus estimate, while institutional investors own 96.07% of the company’s shares.

Regency Centers (NASDAQ:REG - Get Free Report) was upgraded by research analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a research report issued on Thursday, Benzinga reports. The brokerage presently has a $83.00 price target on the stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 14.30% from the stock's current price.

Several other equities analysts have also recently commented on the stock. Scotiabank reduced their price objective on shares of Regency Centers from $82.00 to $81.00 and set a "sector perform" rating for the company in a research note on Thursday, September 17th. Griffin Securities set a $81.00 price target on shares of Regency Centers in a report on Monday. Deutsche Bank Aktiengesellschaft lowered shares of Regency Centers from a "buy" rating to a "hold" rating and set a $85.00 price target for the company. in a research report on Friday, May 29th. Argus set a $85.00 price target on shares of Regency Centers in a report on Monday, August 10th. Finally, BTIG Research reiterated a "buy" rating and issued a $85.00 price objective on shares of Regency Centers in a research report on Friday, June 12th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $83.95.

Regency Centers Trading Down 0.2%

Shares of Regency Centers stock traded down $0.11 during midday 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. Regency Centers has a fifty-two week low of $66.86 and a fifty-two week high of $83.66. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a fifty day moving average price of $77.15 and a 200 day moving average price of $77.85. The firm has a market cap of $13.30 billion, a PE ratio of 24.63, a P/E/G ratio of 4.37 and a beta of 0.79.

Regency Centers (NASDAQ:REG - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $1.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.59 by $0.62. The firm had revenue of $413.51 million for the quarter, compared to analyst estimates of $411.07 million. Regency Centers had a net margin of 34.38% and a return on equity of 8.04%. During the same period last year, the firm earned $1.16 earnings per share. Regency Centers has set its FY 2026 guidance at 4.840-4.880 EPS. On average, equities analysts anticipate that Regency Centers will post 4.86 earnings per share for the current year.

Hedge Funds Weigh In On Regency Centers

Institutional investors and hedge funds have recently modified their holdings of the company. Inspire Investing LLC increased its stake in shares of Regency Centers by 0.6% in the first quarter. Inspire Investing LLC now owns 22,480 shares of the company's stock valued at $1,701,000 after buying an additional 141 shares during the period. Tema ETFs LLC boosted its position in Regency Centers by 7.1% during the 2nd quarter. Tema ETFs LLC now owns 2,184 shares of the company's stock worth $174,000 after buying an additional 145 shares during the period. Lansforsakringar Fondforvaltning AB publ boosted its position in Regency Centers by 0.3% during the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 53,961 shares of the company's stock worth $4,083,000 after buying an additional 168 shares during the period. Somerset Trust Co grew its holdings in Regency Centers by 5.5% during the 2nd quarter. Somerset Trust Co now owns 3,422 shares of the company's stock worth $273,000 after acquiring an additional 177 shares during the last quarter. Finally, New Mexico Educational Retirement Board grew its holdings in Regency Centers by 2.7% during the 4th quarter. New Mexico Educational Retirement Board now owns 7,550 shares of the company's stock worth $521,000 after acquiring an additional 200 shares during the last quarter. 96.07% of the stock is currently owned by hedge funds and other 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.

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