Entropy Technologies LP Raises Stake in Regency Centers Corporation $REG

Entropy Technologies LP boosted its position in shares of Regency Centers Corporation (NASDAQ:REG) by 546.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,259 shares of the company’s stock after purchasing an additional 28,962 shares during the quarter. Entropy Technologies LP’s holdings in Regency Centers were worth $2,365,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Havemeyer Place LP purchased a new position in shares of Regency Centers during the fourth quarter valued at $26,000. Brown Brothers Harriman & Co. grew its holdings in Regency Centers by 63.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock worth $30,000 after acquiring an additional 157 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in Regency Centers during the 2nd quarter valued at about $31,000. Hantz Financial Services Inc. lifted its position in shares of Regency Centers by 388.9% in the 4th quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock worth $30,000 after purchasing an additional 350 shares during the period. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Regency Centers in the 2nd quarter worth approximately $34,000. 96.07% of the stock is owned by institutional investors.

Insider Buying and Selling at Regency Centers

In related news, insider Terah L. Devereaux sold 1,240 shares of Regency Centers stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $80.14, for a total value of $99,373.60. Following the completion of the sale, the insider owned 17,990 shares in the company, valued at approximately $1,441,718.60. This trade represents a 6.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Martin E. Stein, Jr. sold 274,615 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $78.40, for a total value of $21,529,816.00. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 283,782 shares of company stock worth $22,255,898 over the last three months. Insiders own 1.00% of the company’s stock.

Regency Centers Price Performance

Shares of Regency Centers stock opened at $79.26 on Tuesday. The stock has a market capitalization of $14.51 billion, a P/E ratio of 27.33, a PEG ratio of 3.40 and a beta of 0.81. The business has a 50 day simple moving average of $78.46 and a two-hundred day simple moving average of $74.89. Regency Centers Corporation has a 12 month low of $66.86 and a 12 month high of $81.66. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.14 and a quick ratio of 2.14.

Regency Centers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be paid a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, June 12th. Regency Centers’s dividend payout ratio (DPR) is 104.14%.

Analyst Ratings Changes

REG has been the subject of a number of research reports. BTIG Research reaffirmed a “buy” rating and set a $85.00 price target on shares of Regency Centers in a research report on Friday. Deutsche Bank Aktiengesellschaft cut Regency Centers from a “buy” rating to a “hold” rating and set a $85.00 price objective for the company. in a research note on Friday, May 29th. Morgan Stanley upped their target price on Regency Centers from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Citigroup raised their price target on shares of Regency Centers from $76.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Finally, Evercore set a $80.00 price objective on shares of Regency Centers in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, Regency Centers currently has an average rating of “Hold” and an average target price of $82.27.

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.