50,971 Shares in Equity One Inc. (EQY) Acquired by LMR Partners LLP
LMR Partners LLP bought a new position in Equity One Inc. (NYSE:EQY) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 50,971 shares of the real estate investment trust’s stock, valued at approximately $1,640,000.
A number of other institutional investors have also recently modified their holdings of EQY. Huntington Asset Advisors Inc. bought a new stake in Equity One during the first quarter worth about $380,000. M&T Bank Corp increased its stake in shares of 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 during the last quarter. Menta Capital LLC acquired a new stake in shares of Equity One during the first quarter valued at $860,000. Landscape Capital Management L.L.C. increased its stake in shares of 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 during the last quarter. Finally, BlackRock Japan Co. Ltd increased its stake in shares of 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 during the last quarter. 64.03% of the stock is currently owned by institutional investors.
Equity One Inc. (NYSE:EQY) traded down 0.21% on Friday, reaching $28.90. 599,288 shares of the company’s stock traded hands. Equity One Inc. has a 52 week low of $25.02 and a 52 week high of $33.46. The stock has a 50-day moving average of $30.74 and a 200 day moving average of $30.27. The firm has a market capitalization of $4.15 billion, a P/E ratio of 53.62 and a beta of 0.75.
Equity One (NYSE:EQY) last released its earnings results on Wednesday, July 27th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.01. Equity One had a net margin of 19.85% and a return on equity of 4.10%. The business had revenue of $92.53 million for the quarter, compared to analysts’ expectations of $93.46 million. During the same period last year, the company earned $0.31 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. On average, equities analysts expect that Equity One Inc. will post $1.39 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 16th were given a $0.22 dividend. The ex-dividend date was Wednesday, September 14th. This represents a $0.88 annualized dividend and a dividend yield of 3.04%. Equity One’s dividend payout ratio is presently 166.04%.
Several equities research analysts recently weighed in on EQY shares. Barclays PLC reaffirmed a “sell” rating on shares of Equity One in a research note on Friday, August 19th. BTIG Research started coverage on shares of Equity One in a research note on Thursday, August 25th. They set a “neutral” rating on the stock. Zacks Investment Research raised 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 note on Tuesday, July 5th. Deutsche Bank AG upped their target price on shares of Equity One from $29.00 to $31.00 and gave the stock a “hold” rating in a research note on Wednesday, August 17th. Finally, Citigroup Inc. upped their target price on shares of Equity One from $29.00 to $33.00 and gave the stock a “neutral” rating in a research note on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $30.57.
In related news, President Thomas Caputo sold 366,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $30.97, for a total value of $11,350,505.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 35.90% of the stock is currently owned by corporate insiders.
About Equity One
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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