Yousif Capital Management LLC Buys 9,977 Shares of Regency Centers Co. (NASDAQ:REG)

Yousif Capital Management LLC raised its stake in Regency Centers Co. (NASDAQ:REG - Free Report) by 35.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,865 shares of the company's stock after acquiring an additional 9,977 shares during the period. Yousif Capital Management LLC's holdings in Regency Centers were worth $2,799,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Glenmede Trust Co. NA lifted its stake in Regency Centers by 4.4% during the third quarter. Glenmede Trust Co. NA now owns 3,382 shares of the company's stock worth $244,000 after purchasing an additional 141 shares during the last quarter. Coldstream Capital Management Inc. boosted its stake in Regency Centers by 4.3% in the third quarter. Coldstream Capital Management Inc. now owns 3,950 shares of the company's stock valued at $286,000 after buying an additional 163 shares in the last quarter. Greenleaf Trust grew its position in Regency Centers by 3.8% in the fourth quarter. Greenleaf Trust now owns 4,735 shares of the company's stock valued at $350,000 after acquiring an additional 172 shares during the last quarter. Tectonic Advisors LLC grew its position in Regency Centers by 3.0% in the third quarter. Tectonic Advisors LLC now owns 6,941 shares of the company's stock valued at $501,000 after acquiring an additional 203 shares during the last quarter. Finally, Groupama Asset Managment raised its stake in Regency Centers by 0.8% during the third quarter. Groupama Asset Managment now owns 27,046 shares of the company's stock worth $1,954,000 after acquiring an additional 212 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on REG. KeyCorp initiated coverage on shares of Regency Centers in a report on Friday, October 25th. They set an "overweight" rating and a $80.00 price target on the stock. Robert W. Baird boosted their target price on shares of Regency Centers from $71.00 to $78.00 and gave the stock an "outperform" rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. increased their price target on Regency Centers from $77.00 to $80.00 and gave the company an "overweight" rating in a research note on Monday, November 4th. 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 report on Wednesday, November 27th. Finally, Evercore ISI dropped their target price on Regency Centers from $78.00 to $77.00 and set an "in-line" rating for the company in a research report on Tuesday, December 24th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $78.08.

Regency Centers Trading Up 0.8 %

REG stock traded up $0.59 during trading on Thursday, hitting $75.00. The company had a trading volume of 1,072,304 shares, compared to its average volume of 934,984. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.65. Regency Centers Co. has a one year low of $56.51 and a one year high of $76.53. The business has a 50-day moving average of $72.82 and a 200-day moving average of $72.37. The stock has a market cap of $13.61 billion, a PE ratio of 35.38, a PEG ratio of 3.77 and a beta of 1.21.

Regency Centers (NASDAQ:REG - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.61. Regency Centers had a net margin of 27.54% and a return on equity of 5.89%. Research analysts predict that Regency Centers Co. will post 4.49 earnings per share for the current fiscal year.

Regency Centers Dividend Announcement

The firm 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 dividend of $0.705 per share. The ex-dividend date is Wednesday, March 12th. This represents a $2.82 annualized dividend and a dividend yield of 3.76%. Regency Centers's payout ratio is 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.