Equity One Inc. (EQY) Position Lowered by Mutual of America Capital Management LLC
Mutual of America Capital Management LLC cut its stake in Equity One Inc. (NYSE:EQY) by 1.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,312 shares of the real estate investment trust’s stock after selling 766 shares during the period. Mutual of America Capital Management LLC’s holdings in Equity One were worth $2,091,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of Equity One by 171.4% in the second quarter. JPMorgan Chase & Co. now owns 4,190,643 shares of the real estate investment trust’s stock valued at $134,856,000 after buying an additional 2,646,838 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Equity One by 25.2% in the second quarter. Principal Financial Group Inc. now owns 7,358,049 shares of the real estate investment trust’s stock valued at $236,782,000 after buying an additional 1,478,695 shares during the last quarter. Standard Life Investments LTD acquired a new position in shares of Equity One during the third quarter valued at about $30,746,000. Waterfront Capital Partners LLC increased its position in shares of Equity One by 152.2% in the second quarter. Waterfront Capital Partners LLC now owns 905,282 shares of the real estate investment trust’s stock valued at $29,132,000 after buying an additional 546,282 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Equity One by 3.1% in the second quarter. Vanguard Group Inc. now owns 13,951,663 shares of the real estate investment trust’s stock valued at $448,965,000 after buying an additional 418,223 shares during the last quarter. 64.11% of the stock is currently owned by institutional investors and hedge funds.
Equity One Inc. (NYSE:EQY) traded down 0.23% on Wednesday, reaching $29.86. The company’s stock had a trading volume of 1,550,295 shares. The firm’s 50-day moving average price is $28.80 and its 200-day moving average price is $30.34. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of 60.57 and a beta of 0.79. Equity One Inc. has a 52-week low of $25.02 and a 52-week high of $33.46.
Equity One (NYSE:EQY) last posted its quarterly earnings results on Wednesday, October 26th. The real estate investment trust reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. Equity One had a net margin of 18.49% and a return on equity of 3.81%. The company had revenue of $93.76 million for the quarter, compared to the consensus estimate of $93.84 million. During the same period last year, the company posted $0.33 EPS. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, equities analysts expect that Equity One Inc. will post $1.40 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 16th will be given a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $0.88 dividend on an annualized basis and a yield of 2.95%. Equity One’s dividend payout ratio is currently 179.59%.
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Several equities research analysts have recently commented on EQY shares. Zacks Investment Research raised Equity One from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Tuesday, October 18th. Deutsche Bank AG lifted their target price on Equity One from $29.00 to $31.00 and gave the company a “hold” rating in a research note on Wednesday, August 17th. Stifel Nicolaus cut Equity One from a “buy” rating to a “hold” rating in a research note on Monday, August 15th. Raymond James Financial Inc. raised Equity One from an “underperform” rating to a “market perform” rating in a research note on Tuesday, November 15th. Finally, BTIG Research started coverage on Equity One in a research note on Thursday, August 25th. They issued a “neutral” rating for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $30.83.
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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