KLP Kapitalforvaltning AS Makes New $4.49 Million Investment in Regency Centers Co. (NASDAQ:REG)

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

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Quest Partners LLC grew its holdings in shares of Regency Centers by 84.8% during the 3rd quarter. Quest Partners LLC now owns 937 shares of the company's stock worth $68,000 after purchasing an additional 430 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Regency Centers by 21.3% during the third quarter. PNC Financial Services Group Inc. now owns 18,121 shares of the company's stock worth $1,309,000 after buying an additional 3,188 shares in the last quarter. Cerity Partners LLC increased its holdings in Regency Centers by 46.2% in the 3rd quarter. Cerity Partners LLC now owns 9,722 shares of the company's stock valued at $702,000 after buying an additional 3,074 shares during the period. Swedbank AB raised its position in shares of Regency Centers by 7.3% in the 3rd quarter. Swedbank AB now owns 191,283 shares of the company's stock valued at $13,816,000 after buying an additional 13,043 shares in the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of Regency Centers during the 3rd quarter worth approximately $96,000. Institutional investors own 96.07% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Evercore ISI decreased their price objective on shares of Regency Centers from $78.00 to $77.00 and set an "in-line" rating on the stock in a research note on Tuesday, December 24th. Mizuho upped 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, Wells Fargo & Company decreased their target price on Regency Centers from $80.00 to $79.00 and set an "overweight" rating on the stock in a research report on Wednesday. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $78.00.

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Insiders Place Their Bets

In other Regency Centers news, CFO Michael J. Mas sold 20,000 shares of Regency Centers stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $73.60, for a total value of $1,472,000.00. Following the completion of the sale, the chief financial officer now directly owns 54,020 shares in the company, valued at approximately $3,975,872. The trade was a 27.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $73.48, for a total value of $3,674,000.00. Following the transaction, the chairman now owns 110,263 shares in the company, valued at $8,102,125.24. The trade was a 31.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 95,000 shares of company stock worth $6,977,500. 1.00% of the stock is currently owned by insiders.

Regency Centers Trading Up 0.7 %

NASDAQ REG traded up $0.48 on Friday, hitting $72.87. The company's stock had a trading volume of 915,678 shares, compared to its average volume of 1,047,763. The company has a quick ratio of 0.95, a current ratio of 0.85 and a debt-to-equity ratio of 0.66. Regency Centers Co. has a 1-year low of $56.51 and a 1-year high of $78.18. The firm has a market cap of $13.22 billion, a PE ratio of 34.37, a PEG ratio of 3.75 and a beta of 1.23. The company's 50-day moving average is $73.12 and its 200 day moving average is $72.96.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.61. Regency Centers had a return on equity of 5.91% and a net margin of 27.54%. As a group, analysts predict that Regency Centers Co. will post 4.54 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date of this dividend is Wednesday, March 12th. Regency Centers's dividend payout ratio is presently 133.02%.

About Regency Centers

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.