Entropy Technologies LP Sells 7,439 Shares of Regency Centers Corporation $REG

Entropy Technologies LP decreased its holdings in shares of Regency Centers Corporation (NASDAQ:REG) by 21.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,820 shares of the company’s stock after selling 7,439 shares during the quarter. Entropy Technologies LP’s holdings in Regency Centers were worth $2,029,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. BTIG Research reissued a “buy” rating and set a $85.00 price objective on shares of Regency Centers in a research note on Friday, June 12th. UBS Group raised their price objective on Regency Centers from $81.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Wells Fargo & Company lifted their target price on Regency Centers from $88.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday. Citigroup boosted their target price on Regency Centers from $76.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Finally, Jefferies Financial Group raised Regency Centers to a “strong-buy” rating in a research report on Friday, June 26th. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $83.06.

Regency Centers Stock Performance

Shares of NASDAQ REG opened at $82.15 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.14 and a current ratio of 2.14. The business’s 50 day moving average price is $79.35 and its 200-day moving average price is $77.17. Regency Centers Corporation has a fifty-two week low of $66.86 and a fifty-two week high of $83.66. The company has a market cap of $15.04 billion, a price-to-earnings ratio of 28.33, a PEG ratio of 3.48 and a beta of 0.80.

Regency Centers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th were paid a $0.755 dividend. The ex-dividend date was Friday, June 12th. This represents a $3.02 dividend on an annualized basis and a yield of 3.7%. Regency Centers’s dividend payout ratio (DPR) is presently 104.14%.

Insiders Place Their Bets

In other news, insider Nicholas Andrew Wibbenmeyer sold 7,927 shares of Regency Centers stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $79.06, for a total transaction of $626,708.62. Following the completion of the sale, the insider directly owned 33,069 shares in the company, valued at approximately $2,614,435.14. This trade represents a 19.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 transaction of $21,529,816.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 283,782 shares of company stock worth $22,255,898 over the last quarter. Company insiders own 1.00% of the company’s stock.

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.