Equity One EVP Arthur Gallagher Sells 27,822 Shares (EQY)
Equity One (NYSE:EQY) EVP Arthur Gallagher sold 27,822 shares of the stock on the open market in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $23.25, for a total value of $646,861.50. Following the completion of the transaction, the executive vice president now directly owns 68,188 shares of the company’s stock, valued at approximately $1,585,371. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on EQY. Analysts at MLV & Co
downgraded shares of Equity One to a “hold” rating in a research note on Monday. They now have a $23.00 price target on the stock, down previously from $24.00. Separately, analysts at Cowen and Company raised their price target on shares of Equity One from $23.50 to $24.00 in a research note on Tuesday, July 29th. Finally, analysts at Barclays raised their price target on shares of Equity One from $21.00 to $23.00 in a research note on Monday, July 21st. They now have an “underweight” rating on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. Equity One presently has a consensus rating of “Hold” and a consensus target price of $24.00.
Shares of Equity One (NYSE:EQY) traded up 0.90% on Wednesday, hitting $23.43. 411,816 shares of the company’s stock traded hands. Equity One has a 52 week low of $20.71 and a 52 week high of $24.99. The stock has a 50-day moving average of $23.69 and a 200-day moving average of $22.94. The company has a market cap of $2.808 billion and a P/E ratio of 65.04.
Equity One (NYSE:EQY) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.30 by $0.02. The company had revenue of $87.40 million for the quarter, compared to the consensus estimate of $88.40 million. During the same quarter last year, the company posted $0.31 earnings per share. Equity One’s revenue was up 7.0% compared to the same quarter last year. Analysts expect that Equity One will post $1.28 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.76%. The ex-dividend date is Friday, September 12th.
Equity One, Inc is a real estate investment trust (NYSE:EQY), which owns, manages, acquires, develops and redevelops shopping centers and retail properties located primarily in supply constrained suburban and urban communities.
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