Entropy Technologies LP Makes New $591,000 Investment in Regency Centers Co. (NASDAQ:REG)

Entropy Technologies LP bought a new position in Regency Centers Co. (NASDAQ:REG - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,189 shares of the company's stock, valued at approximately $591,000.

A number of other large investors have also recently made changes to their positions in the business. Versor Investments LP purchased a new stake in Regency Centers in the third quarter worth $523,000. Crossmark Global Holdings Inc. boosted its stake in Regency Centers by 7.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 9,486 shares of the company's stock valued at $685,000 after purchasing an additional 696 shares during the last quarter. Harvest Portfolios Group Inc. boosted its holdings in shares of Regency Centers by 123.1% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 24,328 shares of the company's stock valued at $1,757,000 after acquiring an additional 13,424 shares during the last quarter. James J. Burns & Company LLC bought a new stake in shares of Regency Centers in the third quarter worth approximately $216,000. Finally, QRG Capital Management Inc. raised its stake in Regency Centers by 11.4% during the 3rd quarter. QRG Capital Management Inc. now owns 72,727 shares of the company's stock valued at $5,253,000 after buying an additional 7,424 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors.

Regency Centers Stock Performance

REG stock remained flat at $73.66 during mid-day trading on Friday. 3,835,304 shares of the company's stock were exchanged, compared to its average volume of 1,107,864. Regency Centers Co. has a fifty-two week low of $56.51 and a fifty-two week high of $75.26. The firm has a market cap of $13.37 billion, a PE ratio of 34.58, a PEG ratio of 4.55 and a beta of 1.21. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.95 and a quick ratio of 0.95. The company has a 50 day simple moving average of $72.37 and a 200-day simple moving average of $67.08.

Regency Centers (NASDAQ:REG - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.50). The firm had revenue of $360.27 million for 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 quarter in the previous year, the company posted $1.02 earnings per share. On average, equities analysts expect that Regency Centers Co. will post 4.28 earnings per share for the current fiscal year.

Regency Centers Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 16th will be given a $0.705 dividend. This represents a $2.82 annualized dividend and a yield of 3.83%. The ex-dividend date is Monday, December 16th. This is an increase from Regency Centers's previous quarterly dividend of $0.67. Regency Centers's dividend payout ratio is 132.39%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on REG. Raymond James increased 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. Scotiabank upped their price target on Regency Centers from $65.00 to $75.00 and gave the stock a "sector perform" rating in a research note on Monday, August 26th. Truist Financial raised their price objective on Regency Centers from $70.00 to $78.00 and gave the company a "buy" rating in a research report on Friday, August 16th. JPMorgan Chase & Co. lifted their price objective on Regency Centers from $77.00 to $80.00 and gave the stock an "overweight" rating in a research note on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft downgraded Regency Centers from a "buy" rating to a "hold" rating and increased their target price for the company from $70.00 to $75.00 in a research report on Thursday, September 26th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $76.92.

Regency Centers 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.