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Regis Healthcare Ltd ASX:REG

5 opened or increased6 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 17 managers in total.

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14 more managers have commented on REGPro shows the full position history for all 17 managers.

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202420252026

31 Aug 2024 to today

Commentary Showing 2 of 38

DateManagerActionSummary

7 Oct 2026Datt CapitalHeldDatt Capital believes Regis Healthcare (ASX: REG) is an asymmetric opportunity hiding in plain sight, despite a share price slump of more than 50% from its 52-week high, negative reported net tangible assets and a payout ratio above 100%. Datt points to Stonepeak's $2.5bn acquisition of Estia Health at $270,000 per bed and 14.2 times EBITDA, while Regis, with similar revenue, fully freehold assets, $170m net cash and $55.7m NPAT, trades at about $144,000 per bed, a 47% discount. The manager argues investors misread the $2.28bn of refundable accommodation deposits, which function as interest-free, government-guaranteed permanent capital; adjusted for this, Regis trades at 0.88 times adjusted book value versus a 1.10 times historical average. With Australia needing 10,600 new aged care beds a year against 800 currently delivered, and Regis having ten greenfield sites underway and $362m of undrawn debt capacity, Datt sees upside from a re-rating or a private equity bid, or otherwise a 4% fully franked dividend, with freehold assets underpinning the downside and insiders having bought at prices 35% above current levels.

Article, price recorded $4.35

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30 Jun 2026Paradice Investment ManagementIncreasedParadice increased its position in Regis Healthcare because, having materially added to the holding through the quarter, the stock rose 5.9% to become one of the fund's top five holdings, up from a modest position at the end of March. Paradice notes the residential aged care thesis continues to play out, supported by a favourable regulatory environment, structural demand growth, ongoing industry consolidation and strong refundable accommodation deposit inflows that support an under-geared balance sheet, though some near-term risk remains around government funding not keeping pace with inflation.

Healthcare ServicesQuarterly Report, price recorded $6.49

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36 more comments on REGPro shows every comment, with a link to each source document.

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Price at first mentionThe share price recorded when each of 17 managers first commented on REG.

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Articles

About Regis Healthcare Ltd

Healthcare, Healthcare Providers and Services

Regis Healthcare (ASX:REG), Australia's largest residential aged care operator, has attracted fund managers following aged care funding reform. In June 2026, Paradice Investment Management reported a solid 6% gain in the quarter and said it materially increased its position. Wilson Asset Management highlighted strong demand given a shortage of aged care beds, and Endeavor entered a new position after an accommodation review paved the way for a potential $3 billion funding package for the sector. Firetrail noted the resignation of long-serving CEO Linda Mellors. Regis Healthcare operates in the Healthcare sector within the Healthcare Providers and Services industry, and Thesis Tracker has captured 37 comments from 16 fund managers, including Paradice, Wilson Asset Management, Endeavor and Firetrail. Founded in 1994 and headquartered in Melbourne, Regis operates residential aged care homes, home care and retirement villages across Australia, with a growing development pipeline.

Market cap: $1.3b
Price to earnings: 34.4x
Return on equity: -386.0%
Dividend yield: 3.0%
Price to book: -157.38x
Net margin: 4.1%
52-week range: $3.85 to $8.20

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Regis Healthcare Ltd (ASX:REG)?

Fund managers including Milford Asset Management, Spheria Asset Management, Blackwattle Investment Partners, Cooper Investors, Tribeca Investment Partners, Firetrail Investments, Wilson Asset Management, Ellerston Capital, Paradice Investment Management, Pendal Group, Prime Value Asset Management, Alliance Bernstein, Contact Asset Management, Pengana Capital Group, Quest Asset Partners, Endeavor Asset Management and Datt Capital have invested in Regis Healthcare Ltd (ASX:REG).

What opportunities or catalysts do fund managers highlight for Regis Healthcare Ltd?

Fund managers highlight a structural shortage of aged care beds, government reforms including a potential $3 billion accommodation funding package and Regis' growing development pipeline, according to Wilson Asset Management, Endeavor and Paradice.

What are the key risks to the Regis Healthcare Ltd investment thesis, according to fund managers?

Firetrail notes the resignation of CEO Linda Mellors after six years and weakness in defensive stocks, and Regis' earnings depend heavily on government funding settings for aged care.

What does Regis Healthcare Ltd (ASX:REG) do?

Regis Healthcare Ltd. is a Melbourne-based provider of aged care services in Australia. Founded in 1994 by Bryan Anthony Dorman and Ian Roberts, the company operates a diverse portfolio including residential aged care facilities, retirement villages, and home care services. Regis also provides day therapy and day respite programs. As an established healthcare provider, Regis Healthcare focuses on delivering comprehensive support solutions across its national network of facilities.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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