Davis Selected Advisers Purchases 18,280 Shares of Regency Centers Corporation $REG

Davis Selected Advisers increased its position in Regency Centers Corporation (NASDAQ:REG) by 15.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 140,110 shares of the company’s stock after purchasing an additional 18,280 shares during the quarter. Davis Selected Advisers owned approximately 0.08% of Regency Centers worth $10,214,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Brown Brothers Harriman & Co. raised its holdings in Regency Centers by 63.1% in the third quarter. Brown Brothers Harriman & Co. now owns 406 shares of the company’s stock worth $30,000 after purchasing an additional 157 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in Regency Centers during the second quarter valued at $31,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Regency Centers during the 3rd quarter valued at $33,000. MUFG Securities EMEA plc purchased a new stake in shares of Regency Centers in the 2nd quarter worth about $34,000. Finally, Financial Consulate Inc. purchased a new stake in shares of Regency Centers in the 3rd quarter worth about $38,000. 96.07% of the stock is currently owned by institutional investors.

Regency Centers Stock Performance

Shares of NASDAQ REG opened at $76.40 on Thursday. Regency Centers Corporation has a 12-month low of $63.44 and a 12-month high of $79.89. The firm has a market capitalization of $13.97 billion, a price-to-earnings ratio of 27.29, a price-to-earnings-growth ratio of 3.33 and a beta of 0.91. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.68. The firm has a 50 day moving average of $74.86 and a 200 day moving average of $71.99.

Regency Centers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be given a dividend of $0.755 per share. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $3.02 dividend on an annualized basis and a dividend yield of 4.0%. Regency Centers’s payout ratio is presently 107.86%.

Analyst Ratings Changes

A number of brokerages have weighed in on REG. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $76.00 target price (down from $81.00) on shares of Regency Centers in a research note on Thursday, December 18th. Royal Bank Of Canada upgraded Regency Centers to a “sector perform” rating in a report on Friday, January 9th. Truist Financial upped their target price on shares of Regency Centers from $77.00 to $84.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. KeyCorp reiterated a “sector weight” rating on shares of Regency Centers in a research note on Thursday, December 4th. Finally, Jefferies Financial Group set a $79.00 price objective on shares of Regency Centers in a research report on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $79.50.

Insider Activity at Regency Centers

In other news, Chairman Martin E. Stein, Jr. sold 38,000 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $77.21, for a total value of $2,933,980.00. Following the completion of the sale, the chairman directly owned 157,892 shares in the company, valued at $12,190,841.32. This represents a 19.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. In the last ninety days, insiders sold 177,490 shares of company stock valued at $13,839,932. Corporate insiders own 1.00% of the company’s stock.

Regency Centers Company 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.