Equity One Inc. (EQY) Stake Raised by Tower Research Capital LLC TRC
Tower Research Capital LLC TRC boosted its stake in Equity One Inc. (NYSE:EQY) by 1,872.3% during the second quarter, Holdings Channel reports. The institutional investor owned 5,917 shares of the real estate investment trust’s stock after buying an additional 5,617 shares during the period. Tower Research Capital LLC TRC’s holdings in Equity One were worth $190,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of EQY. Huntington Asset Advisors Inc. purchased a new stake in Equity One during the first quarter valued at $380,000. M&T Bank Corp boosted its stake in Equity One by 0.5% in the first quarter. M&T Bank Corp now owns 9,702 shares of the real estate investment trust’s stock valued at $278,000 after buying an additional 52 shares in the last quarter. Menta Capital LLC purchased a new stake in Equity One during the first quarter valued at $860,000. Landscape Capital Management L.L.C. boosted its stake in Equity One by 38.7% in the first quarter. Landscape Capital Management L.L.C. now owns 140,201 shares of the real estate investment trust’s stock valued at $4,018,000 after buying an additional 39,099 shares in the last quarter. Finally, BlackRock Japan Co. Ltd boosted its stake in Equity One by 23.8% in the first quarter. BlackRock Japan Co. Ltd now owns 4,783 shares of the real estate investment trust’s stock valued at $137,000 after buying an additional 921 shares in the last quarter. 64.03% of the stock is owned by institutional investors and hedge funds.
Equity One Inc. (NYSE:EQY) opened at 30.61 on Monday. The stock has a 50 day moving average price of $30.94 and a 200 day moving average price of $30.25. Equity One Inc. has a 1-year low of $24.57 and a 1-year high of $33.46. The firm has a market cap of $4.40 billion, a P/E ratio of 56.79 and a beta of 0.75.
Equity One (NYSE:EQY) last announced its quarterly earnings data on Wednesday, July 27th. The real estate investment trust reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. Equity One had a return on equity of 4.10% and a net margin of 19.85%. The company earned $92.53 million during the quarter, compared to analyst estimates of $93.46 million. During the same quarter last year, the firm posted $0.31 EPS. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, analysts anticipate that Equity One Inc. will post $1.39 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend was Wednesday, September 14th. Equity One’s payout ratio is presently 166.04%.
Several research firms recently weighed in on EQY. Zacks Investment Research cut shares of Equity One from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. Citigroup Inc. upped their price objective 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. Barclays PLC upped their price objective on shares of Equity One from $28.00 to $30.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 19th. Deutsche Bank AG reaffirmed a “hold” rating and set a $29.00 price objective (up previously from $28.00) on shares of Equity One in a research report on Monday, July 18th. Finally, Stifel Nicolaus cut shares of Equity One from a “buy” rating to a “hold” rating in a report on Monday, August 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. Equity One currently has a consensus rating of “Hold” and a consensus price target of $30.57.
In other Equity One news, President Thomas Caputo sold 366,500 shares of Equity One stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $30.97, for a total transaction of $11,350,505.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 35.90% of the company’s stock.
Equity One Company Profile
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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