Entropy Technologies LP Makes New Investment in Regency Centers Co. (NASDAQ:REG)

Entropy Technologies LP purchased a new position in Regency Centers Co. (NASDAQ:REG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,189 shares of the company’s stock, valued at approximately $591,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Quest Partners LLC grew its position in Regency Centers by 25,250.0% in the second quarter. Quest Partners LLC now owns 507 shares of the company’s stock worth $32,000 after buying an additional 505 shares during the last quarter. Family Firm Inc. acquired a new position in Regency Centers in the 2nd quarter worth approximately $44,000. Blue Trust Inc. boosted its stake in Regency Centers by 582.1% in the 2nd quarter. Blue Trust Inc. now owns 839 shares of the company’s stock worth $51,000 after purchasing an additional 716 shares during the period. EntryPoint Capital LLC acquired a new position in Regency Centers in the 1st quarter worth approximately $52,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Regency Centers by 300.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 800 shares of the company’s stock worth $58,000 after purchasing an additional 600 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on REG shares. Raymond James raised their price objective on shares of Regency Centers from $67.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Truist Financial lifted their price objective on shares of Regency Centers from $70.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Wells Fargo & Company lifted their price objective on shares of Regency Centers from $69.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, August 28th. KeyCorp started coverage on shares of Regency Centers in a research note on Friday, October 25th. They issued an “overweight” rating and a $80.00 price objective for the company. Finally, Compass Point lifted their price objective on shares of Regency Centers from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $76.92.

Regency Centers Stock Performance

NASDAQ:REG opened at $73.66 on Friday. The firm’s 50-day moving average is $72.37 and its 200-day moving average is $67.03. Regency Centers Co. has a 52-week low of $56.51 and a 52-week high of $75.26. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $13.37 billion, a price-to-earnings ratio of 34.58, a PEG ratio of 4.53 and a beta of 1.21.

Regency Centers (NASDAQ:REG) last posted its earnings results on Monday, October 28th. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.50). The business had revenue of $360.27 million during the quarter, compared to the consensus estimate of $355.17 million. Regency Centers had a net margin of 27.78% and a return on equity of 5.85%. During the same period in the previous year, the firm earned $1.02 EPS. Equities research analysts anticipate that Regency Centers Co. will post 4.28 earnings per share for the current year.

Regency Centers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 16th will be paid a $0.705 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.82 dividend on an annualized basis and a yield of 3.83%. This is a boost from Regency Centers’s previous quarterly dividend of $0.67. Regency Centers’s payout ratio is presently 125.82%.

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.