Equity One Inc. (EQY) Upgraded by Raymond James Financial Inc. to “Market Perform”
Several other research analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of Equity One from a hold rating to a buy rating and set a $33.00 target price for the company in a research report on Tuesday, October 18th. Deutsche Bank AG upped their price target on shares of Equity One from $29.00 to $31.00 and gave the company a hold rating in a research report on Wednesday, August 17th. Stifel Nicolaus lowered shares of Equity One from a buy rating to a hold rating in a research report on Monday, August 15th. Finally, Barclays PLC restated a sell rating on shares of Equity One in a research report on Friday, August 19th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $30.83.
Equity One (NYSE:EQY) traded down 0.017% on Tuesday, hitting $29.765. The stock had a trading volume of 2,331,676 shares. The stock’s 50-day moving average is $29.02 and its 200-day moving average is $30.30. Equity One has a 52-week low of $25.02 and a 52-week high of $33.46. The company has a market cap of $4.32 billion, a P/E ratio of 60.375 and a beta of 0.79.
Equity One (NYSE:EQY) last announced its earnings results on Wednesday, October 26th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate 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 earned $93.76 million during the quarter, compared to analyst estimates of $93.84 million. During the same period in the previous year, the business earned $0.33 earnings per share. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. Analysts expect that Equity One will post $1.40 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Friday, December 16th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date is Wednesday, December 14th. Equity One’s payout ratio is currently 179.59%.
In related news, President Thomas Caputo sold 366,500 shares of the stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 35.90% of the stock is currently owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. raised its position in Equity One by 3.0% in the third quarter. Daiwa Securities Group Inc. now owns 3,400 shares of the real estate investment trust’s stock valued at $104,000 after buying an additional 100 shares during the last quarter. Advisor Group Inc. raised its position in Equity One by 2.1% in the third quarter. Advisor Group Inc. now owns 3,945 shares of the real estate investment trust’s stock valued at $121,000 after buying an additional 82 shares during the last quarter. Bank of Montreal Can acquired a new position in Equity One during the second quarter valued at about $150,000. PNC Financial Services Group Inc. raised its position in Equity One by 3.3% in the second quarter. PNC Financial Services Group Inc. now owns 5,078 shares of the real estate investment trust’s stock valued at $163,000 after buying an additional 160 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Equity One by 7.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,125 shares of the real estate investment trust’s stock valued at $165,000 after buying an additional 347 shares during the last quarter. Hedge funds and other institutional investors own 64.92% 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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