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

Yousif Capital Management LLC lessened its position in shares of Regency Centers Co. (NASDAQ:REG) by 3.0% during the 4th quarter, Holdings Channel reports. The firm owned 29,095 shares of the company’s stock after selling 886 shares during the quarter. Yousif Capital Management LLC’s holdings in Regency Centers were worth $1,949,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. AE Wealth Management LLC acquired a new position in shares of Regency Centers during the third quarter valued at approximately $287,000. Commonwealth Equity Services LLC grew its position in shares of Regency Centers by 9.4% in the third quarter. Commonwealth Equity Services LLC now owns 6,518 shares of the company’s stock valued at $387,000 after purchasing an additional 558 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of Regency Centers by 19.7% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 61,360 shares of the company’s stock valued at $3,647,000 after purchasing an additional 10,100 shares in the last quarter. Chevy Chase Trust Holdings LLC grew its position in shares of Regency Centers by 4.7% in the third quarter. Chevy Chase Trust Holdings LLC now owns 92,710 shares of the company’s stock valued at $5,511,000 after purchasing an additional 4,185 shares in the last quarter. Finally, Xponance Inc. grew its position in shares of Regency Centers by 7.6% in the third quarter. Xponance Inc. now owns 25,980 shares of the company’s stock valued at $1,544,000 after purchasing an additional 1,842 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Regency Centers Stock Down 0.2 %

Shares of NASDAQ REG opened at $59.11 on Thursday. The stock has a market cap of $10.92 billion, a P/E ratio of 28.98, a PEG ratio of 3.90 and a beta of 1.16. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60. Regency Centers Co. has a 12-month low of $54.72 and a 12-month high of $68.47. The business’s fifty day simple moving average is $59.80 and its 200-day simple moving average is $61.71.

Regency Centers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 4.53%. The ex-dividend date was Tuesday, March 12th. Regency Centers’s payout ratio is currently 131.37%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on REG shares. Truist Financial upped their price target on Regency Centers from $71.00 to $72.00 and gave the company a “buy” rating in a research report on Tuesday, January 16th. Deutsche Bank Aktiengesellschaft started coverage on Regency Centers in a research report on Tuesday, January 30th. They issued a “buy” rating and a $74.00 price objective for the company. Wells Fargo & Company started coverage on Regency Centers in a research report on Thursday, February 1st. They issued an “overweight” rating and a $70.00 price objective for the company. Mizuho started coverage on Regency Centers in a research report on Thursday, April 18th. They issued a “neutral” rating and a $60.00 price objective for the company. Finally, Evercore ISI upgraded Regency Centers from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $69.00 to $71.00 in a research report on Monday, January 22nd. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Regency Centers currently has an average rating of “Moderate Buy” and an average target price of $70.73.

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.