Equity One Inc. (EQY) Stock Price Down 1.1%
Equity One Inc. (NYSE:EQY) traded down 1.1% during mid-day 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.
Several equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Equity One from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Tuesday, July 5th. Barclays PLC restated an “underweight” rating and set a $28.00 price objective (up from $26.00) on shares of Equity One in a research note on Monday, June 13th. Citigroup Inc. boosted their price objective 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. Finally, Deutsche Bank AG restated a “hold” rating on shares of Equity One in a research note on Sunday, May 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $30.00.
The stock has a market cap of $4.55 billion and a P/E ratio of 54.00. The firm has a 50-day moving average of $30.50 and a 200-day moving average of $28.55.
Equity One (NYSE:EQY) last issued its earnings results on Wednesday, April 27th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.03. The company had revenue of $94.48 million for the quarter, compared to the consensus estimate of $93.06 million. During the same period in the prior year, the company earned $0.32 earnings per share. The firm’s revenue was up 6.8% compared to the same quarter last year. Equities research analysts predict that Equity One Inc. will post $1.38 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Thursday, June 16th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.72%. The ex-dividend date was Tuesday, June 14th.
In related news, major shareholder Chaim Katzman sold 30,000 shares of the stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $29.09, for a total transaction of $872,700.00. Following the transaction, the insider now directly owns 243,570 shares of the company’s stock, valued at $7,085,451.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Angela Valdes sold 25,000 shares of the stock in a transaction on Monday, May 9th. The stock was sold at an average price of $30.23, for a total transaction of $755,750.00. Following the transaction, the insider now directly owns 45,393 shares in the company, valued at $1,372,230.39. The disclosure for this sale can be found here.
Other hedge funds and institutional investors recently modified their holdings of the company. Russell Frank Co raised its position in shares of Equity One by 4.4% in the fourth quarter. Russell Frank Co now owns 114,176 shares of the real estate investment trust’s stock valued at $3,118,000 after buying an additional 4,785 shares in the last quarter. Retirement Systems of Alabama raised its position 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 valued at $2,575,000 after buying an additional 1,239 shares in the last quarter. Nationwide Fund Advisors raised its position in shares of Equity One by 41.1% in the fourth quarter. Nationwide Fund Advisors now owns 243,569 shares of the real estate investment trust’s stock valued at $6,613,000 after buying an additional 70,939 shares in the last quarter. California State Teachers Retirement System raised its position in shares of Equity One by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 136,078 shares of the real estate investment trust’s stock valued at $3,695,000 after buying an additional 2,182 shares in the last quarter. Finally, Sei Investments Co. raised its position 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 valued at $1,430,000 after buying an additional 5,472 shares in the last quarter.
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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