Equity One Inc. (EQY) Receives $29.75 Consensus PT from Analysts
Equity One Inc. (NYSE:EQY) has received an average recommendation of “Hold” from the nine brokerages that are covering the stock. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $29.75.
A number of analysts recently commented on the company. BTIG Research assumed coverage on Equity One in a research report on Thursday, August 25th. They set a “neutral” rating for the company. Barclays PLC reiterated a “sell” rating on shares of Equity One in a research report on Friday, August 19th. Zacks Investment Research cut Equity One from a “buy” rating to a “hold” rating in a research report on Thursday, August 18th. Deutsche Bank AG lifted their price target on Equity One from $29.00 to $31.00 and gave the company a “hold” rating in a report on Wednesday, August 17th. Finally, Stifel Nicolaus cut Equity One from a “buy” rating to a “hold” rating in a report on Monday, August 15th.
In other news, President Thomas Caputo sold 366,500 shares of the business’s 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 35.90% of the company’s stock.
Several hedge funds have recently modified their holdings of EQY. Vanguard Group Inc. boosted its stake 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 worth $448,965,000 after buying an additional 418,223 shares during the last quarter. Principal Financial Group Inc. boosted its stake 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 worth $236,782,000 after buying an additional 1,478,695 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Equity One by 9.3% in the second quarter. Bank of New York Mellon Corp now owns 6,118,966 shares of the real estate investment trust’s stock worth $196,909,000 after buying an additional 519,187 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of Equity One by 14.6% in the first quarter. BlackRock Fund Advisors now owns 4,236,948 shares of the real estate investment trust’s stock worth $121,431,000 after buying an additional 539,710 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake 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 worth $134,856,000 after buying an additional 2,646,838 shares during the last quarter. Institutional investors and hedge funds own 64.03% of the company’s stock.
Shares of Equity One (NYSE:EQY) opened at 28.93 on Monday. The firm has a market cap of $4.16 billion, a PE ratio of 53.67 and a beta of 0.75. The stock’s 50 day moving average is $30.47 and its 200 day moving average is $30.30. Equity One has a 12 month low of $25.02 and a 12 month high of $33.46.
Equity One (NYSE:EQY) last posted its quarterly earnings data on Wednesday, July 27th. The real estate investment trust reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The firm earned $92.53 million during the quarter, compared to analysts’ expectations of $93.46 million. Equity One had a return on equity of 4.10% and a net margin of 19.85%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.31 EPS. On average, analysts anticipate that Equity One will post $1.39 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders 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 dividend yield of 3.04%. The ex-dividend date was Wednesday, September 14th. Equity One’s payout ratio is currently 166.04%.
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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