Yousif Capital Management LLC Grows Stock Position in Regency Centers Co. (NASDAQ:REG)

Yousif Capital Management LLC lifted its stake in Regency Centers Co. (NASDAQ:REG) by 35.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,865 shares of the company’s stock after buying an additional 9,977 shares during the quarter. Yousif Capital Management LLC’s holdings in Regency Centers were worth $2,799,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Regency Centers by 1,138.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,075,753 shares of the company’s stock worth $149,932,000 after purchasing an additional 1,908,153 shares in the last quarter. Waterfront Capital Partners LLC purchased a new stake in Regency Centers during the third quarter worth $33,628,000. JPMorgan Chase & Co. boosted its holdings in Regency Centers by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 11,090,347 shares of the company’s stock worth $801,056,000 after buying an additional 435,932 shares in the last quarter. National Bank of Canada FI grew its position in Regency Centers by 701.7% during the third quarter. National Bank of Canada FI now owns 361,597 shares of the company’s stock valued at $26,118,000 after buying an additional 316,496 shares during the period. Finally, abrdn plc increased its holdings in Regency Centers by 199.7% in the third quarter. abrdn plc now owns 375,059 shares of the company’s stock valued at $27,006,000 after buying an additional 249,929 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on REG shares. JPMorgan Chase & Co. raised their target price on Regency Centers from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. KeyCorp began coverage on Regency Centers in a report on Friday, October 25th. They issued an “overweight” rating and a $80.00 price objective on the stock. Robert W. Baird upped their target price on Regency Centers from $71.00 to $78.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Wells Fargo & Company dropped 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 note on Wednesday, January 29th. Finally, BTIG Research upped their price objective on shares of Regency Centers from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Three equities 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.08.

Regency Centers Price Performance

Shares of NASDAQ REG opened at $74.02 on Monday. The stock has a market capitalization of $13.43 billion, a price-to-earnings ratio of 34.92, a price-to-earnings-growth ratio of 3.77 and a beta of 1.21. Regency Centers Co. has a 52 week low of $56.51 and a 52 week high of $76.53. The firm has a 50-day simple moving average of $72.84 and a 200-day simple moving average of $72.21. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.65.

Regency Centers (NASDAQ:REG) last released its earnings results on Thursday, February 6th. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.61. Regency Centers had a net margin of 27.54% and a return on equity of 5.89%. On average, equities analysts predict that Regency Centers Co. will post 4.49 earnings per share 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. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date is Wednesday, March 12th. Regency Centers’s dividend payout ratio (DPR) is currently 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.