Equity One Inc. (EQY) Stock Price Down 1.1%
Equity One Inc. (NYSE:EQY)’s share price was down 1.1% during trading on Tuesday . The stock traded as low as $31.87 and last traded at $32.04, with a volume of 353,413 shares trading hands. The stock had previously closed at $32.40.
A number of brokerages have recently issued reports on EQY. Deutsche Bank AG restated a “hold” rating on shares of Equity One in a research report on Sunday, May 22nd. Zacks Investment Research upgraded shares of Equity One from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Tuesday, July 5th. Citigroup Inc. raised their target price on shares of Equity One from $29.00 to $33.00 and gave the stock a “neutral” rating in a research report on Thursday, July 7th. Finally, Barclays PLC restated an “underweight” rating and set a $28.00 target price (up from $26.00) on shares of Equity One in a research report on Monday, June 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $30.00.
The firm has a 50 day moving average of $30.60 and a 200 day moving average of $28.58. The company has a market capitalization of $4.55 billion and a PE ratio of 54.05.
Equity One (NYSE:EQY) last announced its earnings results on Wednesday, April 27th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.03. The business earned $94.48 million during the quarter, compared to analyst estimates of $93.06 million. During the same period in the previous year, the company earned $0.32 earnings per share. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, analysts anticipate that Equity One Inc. will post $1.38 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Thursday, June 16th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date was Tuesday, June 14th.
In other Equity One news, major shareholder Chaim Katzman sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 24th. The stock was sold at an average price of $29.09, for a total value of $872,700.00. Following the transaction, the insider now directly owns 243,570 shares of the company’s stock, valued at approximately $7,085,451.30. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Michael Makinen sold 1,400 shares of the company’s stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $29.77, for a total value of $41,678.00. Following the completion of the transaction, the chief operating officer now directly owns 15,094 shares in the company, valued at $449,348.38. The disclosure for this sale can be found here.
Several institutional investors have made changes to their positions in EQY. Green Street Investors LLC raised its position in shares of Equity One by 34.8% in the fourth quarter. Green Street Investors LLC now owns 41,800 shares of the real estate investment trust’s stock worth $1,135,000 after buying an additional 10,800 shares during the last quarter. Liberty Mutual Group Asset Management Inc. increased its stake in shares of Equity One by 51.4% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 47,593 shares of the real estate investment trust’s stock worth $1,293,000 after buying an additional 16,158 shares during the period. Sei Investments Co. increased its stake in shares of Equity One by 11.6% in the fourth quarter. Sei Investments Co. now owns 52,681 shares of the real estate investment trust’s stock worth $1,430,000 after buying an additional 5,472 shares during the period. First Trust Advisors LP increased its stake in shares of Equity One by 213.7% in the fourth quarter. First Trust Advisors LP now owns 82,524 shares of the real estate investment trust’s stock worth $2,241,000 after buying an additional 56,219 shares during the period. Finally, Retirement Systems of Alabama increased its stake in shares of Equity One by 1.3% in the fourth quarter. Retirement Systems of Alabama now owns 94,843 shares of the real estate investment trust’s stock worth $2,575,000 after buying an additional 1,239 shares during the period.
Equity One, Inc is a real estate investment trust (REIT). The Company owns, manages, acquires, develops and redevelops shopping centers and retail properties located in supply constrained suburban and urban communities. The Company’s property portfolio includes 90-30 Metropolitan, 1175 Third Avenue, Aventura Square, Circle Center West, Culver Center, Bird Ludlum, Greenwood, Pavilion, Sheridan Plaza, Shoppes of Silverlakes, Westport Plaza, Alafaya Village, Ryanwood, Town & Country, Plaza Escuela, Potrero, Copps Hill, Southbury Green, Clocktower Plaza, Buckhead Station, Hampton Oaks, Quincy Star Market, Elmwood Oaks, Westwood Towers, Centre Pointe Plaza and Willows Shopping Center.
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