FY2016 EPS Estimates for Equity One Inc. Lifted by Capital One Financial Corp. (EQY)
Equity One Inc. (NYSE:EQY) – Stock analysts at Capital One Financial Corp. boosted their FY2016 EPS estimates for shares of Equity One in a note issued to investors on Sunday. Capital One Financial Corp. analyst C. Lucas now expects that the firm will earn $1.41 per share for the year, up from their prior forecast of $1.40. Capital One Financial Corp. also issued estimates for Equity One’s Q1 2017 earnings at $0.37 EPS, FY2017 earnings at $1.50 EPS and FY2018 earnings at $1.59 EPS.
EQY has been the topic of several other research reports. Barclays PLC restated a “sell” rating on shares of Equity One in a report on Friday, August 19th. BTIG Research initiated coverage on shares of Equity One in a report on Thursday, August 25th. They set a “neutral” rating on the stock. Raymond James Financial Inc. upgraded shares of Equity One from an “underperform” rating to a “market perform” rating in a report on Tuesday. Zacks Investment Research upgraded shares of Equity One from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a report on Wednesday, October 26th. Finally, Deutsche Bank AG upped their price objective on shares of Equity One from $29.00 to $31.00 and gave the company a “hold” rating in a report on Wednesday, August 17th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $30.83.
Equity One (NYSE:EQY) opened at 29.88 on Tuesday. The firm’s 50-day moving average is $28.84 and its 200 day moving average is $30.33. Equity One has a one year low of $25.02 and a one year high of $33.46. The stock has a market cap of $4.34 billion, a P/E ratio of 60.61 and a beta of 0.79.
Equity One (NYSE:EQY) last issued its quarterly earnings results on Wednesday, October 26th. The real estate investment trust reported $0.35 earnings per share for the quarter, beating 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 business had revenue of $93.76 million for the quarter, compared to the consensus estimate of $93.84 million. During the same quarter in the previous year, the firm earned $0.33 earnings per share. The company’s revenue for the quarter was up 3.7% on a year-over-year basis.
The business also recently disclosed 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 annualized dividend and a yield of 2.95%. Equity One’s dividend payout ratio is presently 179.59%.
In other Equity One news, President Thomas Caputo sold 366,500 shares of the company’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $30.97, for a total value of $11,350,505.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 35.90% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. raised its stake in Equity One by 3.1% in the second quarter. Daiwa Securities Group Inc. now owns 3,300 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 100 shares in the last quarter. Advisor Group Inc. bought a new stake in Equity One during the second quarter valued at approximately $122,000. Bank of Montreal Can bought a new stake in Equity One during the second quarter valued at approximately $150,000. PNC Financial Services Group Inc. raised its stake 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 in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake 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 in the last quarter. Institutional investors and hedge funds 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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