Davis Selected Advisers Cuts Stock Holdings in Regency Centers Co. (NASDAQ:REG)

Davis Selected Advisers lowered its position in shares of Regency Centers Co. (NASDAQ:REG) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 118,830 shares of the company’s stock after selling 830 shares during the period. Davis Selected Advisers owned about 0.07% of Regency Centers worth $8,785,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Heck Capital Advisors LLC bought a new position in shares of Regency Centers during the fourth quarter valued at approximately $26,000. National Pension Service bought a new stake in shares of Regency Centers in the fourth quarter worth $27,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Regency Centers during the 4th quarter valued at about $54,000. Venturi Wealth Management LLC increased its holdings in Regency Centers by 4,400.0% during the fourth quarter. Venturi Wealth Management LLC now owns 855 shares of the company’s stock valued at $63,000 after buying an additional 836 shares during the last quarter. Finally, Quest Partners LLC increased 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 worth $68,000 after purchasing an additional 430 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Regency Centers Stock Performance

NASDAQ REG opened at $73.96 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. The stock has a market cap of $13.41 billion, a PE ratio of 34.89, a P/E/G ratio of 3.75 and a beta of 1.23. The stock has a fifty day simple moving average of $72.92 and a 200-day simple moving average of $72.94. Regency Centers Co. has a twelve month low of $56.51 and a twelve month 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 analysts anticipate that Regency Centers Co. will post 4.54 earnings per share for the current year.

Regency Centers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be given a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend is Wednesday, March 12th. Regency Centers’s dividend payout ratio (DPR) is 133.02%.

Analysts Set New Price Targets

A number of research firms recently weighed in on REG. Evercore ISI lowered their target price 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. Wells Fargo & Company reduced their price target on shares of Regency Centers from $81.00 to $80.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 29th. BTIG Research boosted their price objective on Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Finally, Mizuho raised their target price on shares of Regency Centers from $78.00 to $80.00 and gave the stock an “outperform” rating in a report 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’s stock. According to data from MarketBeat, Regency Centers currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.08.

Insiders Place Their Bets

In other news, CEO Lisa Palmer sold 25,000 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $73.26, for a total transaction of $1,831,500.00. Following the transaction, the chief executive officer now directly owns 139,923 shares in the company, valued at $10,250,758.98. The trade was a 15.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Michael J. Mas sold 20,000 shares of the stock in a transaction 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 transaction, the chief financial officer now owns 54,020 shares of the company’s stock, valued at $3,975,872. The trade was a 27.02 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

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.