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

Posted by Defense World Staff on Aug 1st, 2023

Yousif Capital Management LLC lowered its holdings in shares of Regency Centers Co. (NASDAQ:REG – Free Report) by 3.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,559 shares of the company’s stock after selling 1,167 shares during the quarter. Yousif Capital Management LLC’s holdings in Regency Centers were worth $1,747,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in REG. Pacer Advisors Inc. boosted its stake in Regency Centers by 2,546.5% in the 1st quarter. Pacer Advisors Inc. now owns 9,395 shares of the company’s stock worth $575,000 after purchasing an additional 9,040 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of Regency Centers by 11.1% during the 1st quarter. Daiwa Securities Group Inc. now owns 58,608 shares of the company’s stock valued at $3,586,000 after acquiring an additional 5,833 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Regency Centers by 6.0% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 34,799 shares of the company’s stock valued at $2,129,000 after acquiring an additional 1,984 shares during the last quarter. Texas Permanent School Fund Corp boosted its position in shares of Regency Centers by 46.7% during the 1st quarter. Texas Permanent School Fund Corp now owns 32,109 shares of the company’s stock valued at $1,964,000 after acquiring an additional 10,227 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Regency Centers by 96.5% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,132 shares of the company’s stock valued at $127,000 after acquiring an additional 1,047 shares during the last quarter. Hedge funds and other institutional investors own 91.06% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Truist Financial lowered their price target on Regency Centers from $73.00 to $71.00 in a research report on Monday, May 15th. Barclays increased their target price on Regency Centers from $70.00 to $71.00 in a research note on Friday, May 19th. Finally, StockNews.com started coverage on Regency Centers in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Regency Centers currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.25.

Regency Centers Stock Up 1.0 %

Regency Centers stock opened at $65.53 on Tuesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.86 and a quick ratio of 0.86. Regency Centers Co. has a 1-year low of $51.97 and a 1-year high of $68.56. The company has a market cap of $11.20 billion, a PE ratio of 29.12, a price-to-earnings-growth ratio of 4.41 and a beta of 1.17. The stock’s 50 day moving average price is $61.03 and its 200 day moving average price is $60.22.

Regency Centers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 6th. Investors of record on Wednesday, June 14th were issued a dividend of $0.65 per share. The ex-dividend date was Tuesday, June 13th. This represents a $2.60 annualized dividend and a yield of 3.97%. Regency Centers’s dividend payout ratio is presently 115.56%.

About Regency Centers

(Free Report)

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.