KLP Kapitalforvaltning AS Takes $4.49 Million Position in Regency Centers Co. (NASDAQ:REG)

KLP Kapitalforvaltning AS purchased a new position in shares of Regency Centers Co. (NASDAQ:REG) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 60,200 shares of the company’s stock, valued at approximately $4,487,000.

Several other large investors also recently bought and sold shares of the business. Heck Capital Advisors LLC acquired a new stake in shares of Regency Centers in the 4th quarter worth $26,000. National Pension Service acquired a new stake in Regency Centers during the fourth quarter worth about $27,000. Catalyst Capital Advisors LLC purchased a new position in Regency Centers during the fourth quarter worth about $54,000. Venturi Wealth Management LLC boosted its holdings in Regency Centers by 4,400.0% in the 4th quarter. Venturi Wealth Management LLC now owns 855 shares of the company’s stock valued at $63,000 after purchasing an additional 836 shares during the last quarter. Finally, Quest Partners LLC grew its stake in shares of Regency Centers by 84.8% in the 3rd quarter. Quest Partners LLC now owns 937 shares of the company’s stock valued at $68,000 after buying an additional 430 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Insider Buying and Selling at Regency Centers

In other news, CFO Michael J. Mas sold 20,000 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $73.60, for a total value of $1,472,000.00. Following the sale, the chief financial officer now directly owns 54,020 shares in the company, valued at approximately $3,975,872. This trade represents a 27.02 % decrease in their position. The sale 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 50,000 shares of Regency Centers stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $73.48, for a total transaction of $3,674,000.00. Following the sale, the chairman now directly owns 110,263 shares of the company’s stock, valued at approximately $8,102,125.24. This trade represents a 31.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 95,000 shares of company stock valued at $6,977,500 in the last quarter. Corporate insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

REG has been the topic of a number of recent analyst reports. Evercore ISI decreased their price objective on Regency Centers from $78.00 to $77.00 and set an “in-line” rating on the stock in a report on Tuesday, December 24th. Wells Fargo & Company decreased their price target on Regency Centers from $81.00 to $80.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. Mizuho raised their price objective on Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 8th. Finally, BTIG Research upped their target price on shares of Regency Centers from $72.00 to $79.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $78.08.

Regency Centers Trading Down 0.4 %

NASDAQ REG opened at $72.18 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 0.85. The firm has a market cap of $13.09 billion, a price-to-earnings ratio of 34.05, a PEG ratio of 3.75 and a beta of 1.23. The firm has a 50 day simple moving average of $73.03 and a 200-day simple moving average of $73.00. Regency Centers Co. has a one year low of $56.51 and a one year high of $78.18.

Regency Centers (NASDAQ:REG) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $0.48 by $0.61. Regency Centers had a net margin of 27.54% and a return on equity of 5.91%. Equities research analysts anticipate that Regency Centers Co. will post 4.54 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be issued a dividend of $0.705 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $2.82 annualized dividend and a yield of 3.91%. Regency Centers’s dividend payout ratio (DPR) is 133.02%.

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.