Norges Bank Invests $1.26 Billion in Regency Centers Co. (NASDAQ:REG)

Norges Bank purchased a new stake in Regency Centers Co. (NASDAQ:REG - Free Report) in 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 17,075,947 shares of the company's stock, valued at approximately $1,262,425,000. Norges Bank owned about 9.41% of Regency Centers as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of REG. NEOS Investment Management LLC lifted its position in shares of Regency Centers by 25.6% during the fourth quarter. NEOS Investment Management LLC now owns 6,074 shares of the company's stock worth $449,000 after purchasing an additional 1,238 shares during the last quarter. UniSuper Management Pty Ltd lifted its holdings in Regency Centers by 4.3% during the 4th quarter. UniSuper Management Pty Ltd now owns 78,264 shares of the company's stock worth $5,786,000 after buying an additional 3,221 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Regency Centers by 0.5% in the 4th quarter. JPMorgan Chase & Co. now owns 11,141,771 shares of the company's stock worth $823,711,000 after acquiring an additional 51,424 shares in the last quarter. Elo Mutual Pension Insurance Co increased its holdings in shares of Regency Centers by 3.6% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 16,161 shares of the company's stock valued at $1,195,000 after acquiring an additional 569 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Regency Centers by 9.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 380,569 shares of the company's stock valued at $27,793,000 after acquiring an additional 31,401 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

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Analysts Set New Price Targets

REG has been the subject of several recent research reports. Evercore ISI lowered their target price on shares of Regency Centers from $78.00 to $77.00 and set an "in-line" rating for the company in a research note on Tuesday, December 24th. Wells Fargo & Company decreased their price target on shares of Regency Centers from $80.00 to $79.00 and set an "overweight" rating for the company in a report on Wednesday. Finally, Mizuho increased their price objective on shares of Regency Centers from $78.00 to $80.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Regency Centers currently has a consensus rating of "Moderate Buy" and an average target price of $78.00.

Regency Centers Stock Performance

REG stock traded up $0.48 on Friday, reaching $72.87. The company's stock had a trading volume of 915,678 shares, compared to its average volume of 1,047,763. Regency Centers Co. has a 52 week low of $56.51 and a 52 week high of $78.18. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.85 and a quick ratio of 0.95. The company has a market capitalization of $13.23 billion, a P/E ratio of 34.37, a price-to-earnings-growth ratio of 3.75 and a beta of 1.23. The firm has a fifty day moving average of $73.12 and a two-hundred day moving average of $72.96.

Regency Centers (NASDAQ:REG - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.09 EPS for the quarter, beating analysts' consensus estimates 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 EPS for the current fiscal year.

Regency Centers Dividend Announcement

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

Insider Buying and Selling

In other Regency Centers news, CEO Lisa Palmer sold 25,000 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $73.26, for a total value of $1,831,500.00. Following the completion of the sale, the chief executive officer now directly owns 139,923 shares of the company's stock, valued at approximately $10,250,758.98. This represents a 15.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Martin E. Stein, Jr. sold 50,000 shares of Regency Centers stock in a transaction that occurred 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 completion of the transaction, the chairman now directly owns 110,263 shares in the company, valued at $8,102,125.24. This represents a 31.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 95,000 shares of company stock valued at $6,977,500 over the last quarter. Corporate insiders own 1.00% of the company's stock.

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.