Entropy Technologies LP Buys New Shares in Regency Centers Co. (NASDAQ:REG)

Entropy Technologies LP bought a new stake in shares of Regency Centers Co. (NASDAQ:REG) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 23,603 shares of the company’s stock, valued at approximately $1,429,000.

Other large investors also recently modified their holdings of the company. CVA Family Office LLC purchased a new stake in Regency Centers in the 4th quarter worth $27,000. Capital Analysts LLC purchased a new stake in Regency Centers in the 4th quarter worth $27,000. Fidelis Capital Partners LLC purchased a new stake in Regency Centers in the 1st quarter worth $27,000. Principal Securities Inc. purchased a new stake in Regency Centers in the 4th quarter worth $106,000. Finally, GAMMA Investing LLC purchased a new stake in Regency Centers in the 4th quarter worth $107,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on REG. Truist Financial decreased their target price on shares of Regency Centers from $72.00 to $70.00 and set a “buy” rating on the stock in a research report on Monday, May 20th. Scotiabank decreased their target price on shares of Regency Centers from $68.00 to $65.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 16th. Finally, Mizuho upgraded shares of Regency Centers from a “neutral” rating to an “outperform” rating and upped their target price for the company from $61.00 to $67.00 in a research report on Tuesday, July 9th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $70.64.

Regency Centers Stock Up 0.6 %

Shares of NASDAQ REG traded up $0.42 during midday trading on Thursday, reaching $66.78. 24,907 shares of the company’s stock traded hands, compared to its average volume of 1,150,142. Regency Centers Co. has a one year low of $56.29 and a one year high of $68.47. The stock’s 50 day simple moving average is $61.30 and its 200-day simple moving average is $61.16. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.64. The company has a market cap of $12.34 billion, a price-to-earnings ratio of 32.37, a P/E/G ratio of 4.75 and a beta of 1.21.

Regency Centers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 12th were issued a $0.67 dividend. The ex-dividend date was Wednesday, June 12th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 4.01%. Regency Centers’s dividend payout ratio is currently 130.73%.

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.